Commercial
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August 18, 2025
Judge Dismisses Calif. Resort Developer's Ch. 11
A Delaware bankruptcy judge on Monday dismissed the Chapter 11 case of an insolvent company that developed a resort and other properties in California, after months of the company pursuing either a structured foreclosure in Chapter 11 or a global resolution.
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August 18, 2025
3rd Circ. Backs Pittsburgh In Row Over Zoning Board Conflict
The Third Circuit has backed the dismissal of a mixed-use project developer's million-dollar lawsuit against the Pittsburgh Zoning Board of Adjustment over variance delays caused by a conflict of interest dispute, saying its due process rights weren't violated.
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August 15, 2025
NJ Watchdog Fights File Disclosure In Hospital Antitrust Suit
The New Jersey State Commission of Investigation on Thursday challenged a federal judge's refusal to protect investigative materials that RWJBarnabas Health Inc. wants to subpoena as it defends an antitrust suit by CarePoint Health Systems Inc., arguing the ruling violates precedent giving such records the same secrecy protections as grand jury materials.
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August 15, 2025
Ohio Justices Back Landlord In Speedway Store Leases Suit
The Ohio Supreme Court has sided with a landlord embroiled in a lease renewal dispute with a tenant that subleased 24 properties to major convenience store chain Speedway LLC, ruling that the tenant didn't make a mistake when it negligently failed to renew its leases on time.
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August 15, 2025
9th Circ. Affirms Dismissal Of Vegas Casino Room Rate Case
The Ninth Circuit rejected an appeal on Friday from guests seeking to revive their antitrust case accusing Las Vegas casino-hotel operators of using a vendor's software to inflate room rates, finding that the pricing service helps the hotels compete.
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August 15, 2025
Zips Car Wash Landlords Deny Ch. 11 Assumption Of Leases
Two landlords of Zips Car Wash said in a Texas federal district court that its lease with the debtor was properly terminated for missed payments and the company should have vacated the properties, challenging the bankruptcy court's decision allowing Zips to assume the leases.
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August 15, 2025
New Jersey AG Slams Power Broker's 'Flawed' Appeal Brief
South Jersey power broker George Norcross used a flawed argument in pushing back against New Jersey's effort to revive a dismissed criminal case against him, Attorney General Matthew Platkin has argued in a reply brief filed in state appellate court.
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August 15, 2025
Bankrupt NJ Office Building Gets OK For $26M Sale
A New York bankruptcy judge on Thursday approved the sale of a New Jersey office building for $26 million, a higher price than that offered by the stalking horse bidder, which will get a $215,000 breakup fee.
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August 15, 2025
Ind. Town, Developer Settle Dispute Over Old Colgate Factory
An Indiana town, a developer and the county treasurer have settled their dispute over more than 40 acres of property that included a defunct, historic Colgate-Palmolive factory, according to a joint stipulation filed in Indiana federal court.
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August 15, 2025
Exec Snared In Now-Dismissed Eric Adams Case Avoids Jail
A wealthy construction executive who admitted illegally funneling over $12,000 into the 2021 campaign of New York City Mayor Eric Adams avoided prison on Friday at a sentencing that followed the government's decision not to proceed against the mayor himself.
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August 15, 2025
Fried Frank Guides JV's $1B NYC Office Buy
A joint venture between Elliott Investment Management and real estate company RXR acquired a 42-floor Manhattan office building in a $1.08 billion deal guided by Fried Frank, the law firm announced.
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August 15, 2025
Calif. Student Housing Complex Files Ch. 11
University Park Berkeley LLC, the operator of a student housing complex in Berkeley, California, filed for Chapter 11 bankruptcy protection Thursday in a California bankruptcy court, listing between $50 million and $100 million in debt.
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August 15, 2025
Yellow Corp. Seeks OK For $16M In Real Estate Sales
Trucking company Yellow Corp. asked a Delaware bankruptcy judge to approve the sale of three of its remaining truck depots for a total of just over $16 million.
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August 14, 2025
Ruling May Increase Reinsurers' Caution In Insureds' Dealings
A Texas federal judge's ruling that a chemical manufacturer can continue to pursue litigation against a reinsurer in connection with the manufacturer's roughly $100 million business interruption claim offered a well-reasoned analysis as to when a policyholder has standing to bring a direct action against a reinsurer, experts said.
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August 14, 2025
Liberty Mutual, RXR Unveil $1B Multifamily Credit Partnership
Liberty Mutual Investments plans to provide up to $1 billion worth of credit to real estate company RXR for multifamily financing opportunities, the companies jointly announced Thursday.
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August 14, 2025
Insurance Key To Mitigating Mortgage Risks From Flooding
The increase of flooding in areas outside mandatory flood insurance purchase zones is contributing to mortgage risks for underinsured homeowners following disasters, underscoring a need to find ways to ensure more people have flood coverage, experts say.
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August 14, 2025
Insurer Avoids Bad Faith Claims In $2M Vandalism Case
A California state court dismissed a property owner's claims that its insurer refused in bad faith to cover nearly $2 million in vandalism losses after its tenant, a cannabis cultivator, ended its lease, but found the owner's breach of contract claim can still proceed to trial.
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August 14, 2025
3 Firms Advise Mall REIT's $1.5B Notes Offering
Simon Property Group LP, advised by Latham & Watkins LLP, will sell $1.5 billion of senior notes in a deal also guided by Barnes & Thornburg LLP and Sidley Austin LLP.
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August 14, 2025
3 Firms Guide $650M Brookfield Notes Offering
Brookfield Finance Inc. is offering $650 million worth of Canadian-issued notes that have been underwritten by BofA Securities Inc. and Citigroup Global Markets Inc., according to a Brookfield prospectus filing and a related term sheet.
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August 14, 2025
Rite Aid Gets More Bids For Leases, Properties In Ch. 11
Drugstore chain Rite Aid told a New Jersey bankruptcy judge on Thursday that it has secured another roughly $76 million in bids for leases and property across the country as the debtor works to sell its assets in Chapter 11.
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August 14, 2025
Fox Rothschild Lands Cohen Seglias' Delaware Office Leader
Fox Rothschild LLP has added the former managing partner of Cohen Seglias Pallas Greenhall & Furman PC's Delaware office to expand its real estate practice in the First State and beyond.
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August 14, 2025
Del. Lawmakers Seek Study To Fix Property Tax Assessments
Delaware's General Assembly called for an immediate review of a recent statewide property reassessment to develop legislation to improve the state's property tax assessment process under a Senate concurrent resolution passed by state lawmakers.
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August 13, 2025
4th, 11th Circs. Shoot Down Local Gov't Cell Tower Denials
Both the Fourth and the Eleventh Circuits issued decisions Wednesday allowing cell tower companies to move forward with projects over the objections of local governments that denied them permission.
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August 13, 2025
Whole Foods Battles Dismissal Bids In $1M Asbestos Suit
Grocery giant Whole Foods aimed to fend off dismissal bids Wednesday from a shopping plaza owner and landlord, telling the North Carolina Business Court that it sufficiently alleged contract breaches that led to asbestos entering one of its stores.
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August 13, 2025
NYC Pot Shops Can't Revive Suit Over Marijuana Crackdown
A federal judge will not reconsider his decision to end a lawsuit filed by more than two dozen companies that claim their due process rights were violated when New York City closed some of their stores on claims they were unlicensed cannabis operations, saying they brought nothing new for the court to ponder.
Expert Analysis
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How Trump's Trade Policies Are Shaping Foreign Investment
Five months into the Trump administration, investors are beginning to see the concrete effects of the president’s America First Investment Policy as it presents new opportunities for clearing transactions more quickly, while sustaining risk aversion related to Chinese trade and potentially creating different political risks, say attorneys at Covington.
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Bill Leaves Renewable Cos. In Dark On Farmland Reporting
A U.S. Senate bill to update disclosure requirements for foreign control of U.S. farmland does not provide much-needed guidance on how to report renewable energy development on agricultural property, leaving significant compliance risks for project developers, say attorneys at Hodgson Russ.
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Observations On 5 Years Of Non-Notified CFIUS Inquiries
Since 2020, the Committee on Foreign Investment in the United States has identified and investigated covered cross-border transactions not formally notified to CFIUS, and a look at data from 50 non-notified matters during that time reveals the general dynamics of this enforcement function, say attorneys at Cooley.
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How States Are Taking The Lead On Data Center Regulation
While support for data center growth is a declared priority for the current administration, federal data center policy has been slow to develop — so states continue to lead in attracting and regulating data center growth, say attorneys at Steptoe.
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Texas Bill Could Still Boost Property Rights In Gov't Disputes
The passage of a bill in Texas that would provide litigants with access to a greater swath of judicial remedies in immunity disputes with government entities and officials would be an invaluable boon for property rights, says Nathan Vrazel at Munsch Hardt.
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Indemnity Lessons From Mass. Construction Defect Ruling
The Massachusetts high court's decision in Trustees of Boston University v. CHA, holding that a bespoke contractual indemnity provision means that a construction defect claim is not subject to Massachusetts' statute of repose, should spur design and construction professionals to negotiate limited provisions, says Christopher Sweeney at Conn Kavanaugh.
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4 Strategies For De-Escalating Hospitality Industry Disputes
As recent uncertainty in the travel business exacerbates the risk of conflict in the hospitality sector, industry in-house counsel and their outside partners should consider proactive strategies aimed at de-escalating disputes, including preserving the record, avoiding boilerplate clauses and considering arbitration, say Randa Adra at Crowell and Stephanie Jean-Jacques at Hyatt.
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SEC Signals Opening For Private Fund Investment Reform
At SEC Speaks in late May, the U.S. Securities and Exchange Commission made clear that it's considering allowing registered funds of private funds to be offered broadly to true retail investors, meaning existing funds should review their disclosures focusing on conflicts of interest, liquidity and fees, say attorneys at Stradley Ronon.
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Unicoin Case Reveals SEC's Evolving Enforcement Posture
The U.S. Securities and Exchange Commission's recent fraud allegations against cryptocurrency company Unicoin send a clear message that while the Trump administration supports digital asset development, it will act decisively against deception, inflated valuations and false assurances, says David Zaslowsky at Baker McKenzie.
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Opportunity Zone Revamp Could Improve The Program
If adopted, the budget bill's new iteration of the opportunity zone program could renew, refine and enhance the effectiveness and accountability of the original program by including structural reforms, expanded eligibility rules and incentives for rural investment, say attorneys at Pillsbury.
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Review Risk Is Increasing For Foreign Real Estate Developers
Federal and state government efforts have been expanding oversight of foreign investment in U.S. real estate, necessitating careful assessment of risk and of the benefits of notifying the Committee on Foreign Investment in the United States, say attorneys at Troutman.
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Evolving Federal Rules Pose Further Obstacles To NY LLC Act
Following the Financial Crimes Enforcement Network's recent changes to beneficial ownership information reporting under the federal Corporate Transparency Act — dramatically reducing the number of companies required to make disclosures — the utility of New York's LLC Transparency Act becomes less apparent, say attorneys at Pillsbury.
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Negotiating Triparty Hotel Agreements To Withstand Risk
Brewing economic uncertainty in the hospitality industry underscores the importance of subordination, nondisturbance and attornment agreements, and hotel managers should tightly negotiate these agreements to ensure remedies will not disturb key rights, say attorneys at Sidley.