Commercial

  • April 25, 2025

    NJ Towns Challenge State Affordable Housing Framework

    A coalition of nearly two dozen New Jersey municipalities has filed suit against state officials, arguing a provision of the state's affordable housing framework unfairly places all responsibility for building such housing on non-urban municipalities.

  • April 25, 2025

    Digital Realty Expects 'Modest' Cost Impact From Tariffs

    Digital Realty Trust will see a "very modest, less than 5% impact" on construction costs for data centers as a result of tariffs affecting its supply chain, though circumstances could be different for other developers in the digital infrastructure sector, the company's CEO said.

  • April 25, 2025

    Bradley Arant Moves Into New Office Space In Washington

    Bradley Arant Boult Cummings LLP has moved its Washington, D.C., office to a new space in a 13-story Class A building, with JLL serving as the property manager and landlord, the law firm announced.

  • April 24, 2025

    Ex-Biscayne CEO Gets 10 Years For $130M Ponzi Scheme

    The co-founder and CEO of defunct investment advisory firm Biscayne Capital on Thursday was sentenced in New York federal court to 10 years in prison, over his admitted role in a $130 million Ponzi scheme that defrauded banks and investors in a purported luxury real estate fund.

  • April 24, 2025

    2 SPACs Join Recovering Market With $461M In New Capital

    Two special purpose acquisition companies raised $461 million combined through initial public offerings in the past two days in order to pursue mergers targeting several industries, represented by three law firms, extending an uptick in SPAC offerings despite broader market volatility.

  • April 24, 2025

    Ready Capital Sued Again Over Real Estate Loan Losses

    Ready Capital Corp. and two executives were hit with another derivatives suit alleging statements made in the back half of 2024 about the company's performance misled investors about the significance of several nonperforming commercial real estate loans.

  • April 24, 2025

    CBRE Expects Choppy 2025 With Emerging Tariff Effects

    Commercial broker CBRE on Thursday said uncertainty surrounding U.S. trade policy and tariffs dampened an otherwise strong start to the year, with executives telling investors they anticipate continued volatility.

  • April 24, 2025

    Md. To Allow Counties To Negotiate Payments With Broadband

    Maryland counties will be able to negotiate payments with broadband providers instead of imposing property tax on the providers' real and personal property under bills signed by the governor.

  • April 24, 2025

    NY Youth Welfare Org Can Sell 22-Acre Property For $9M

    St. Christopher's, a youth mental-health care provider based in New York, received a bankruptcy judge's approval Thursday to close a $9 million sale of its roughly 22-acre property in Orange County, New York.

  • April 24, 2025

    Cooley Inks 20-Year Lease For New DC Office

    Cooley LLP is planning to move its Washington, D.C., office after signing a 20-year, 126,000-square-foot lease for a property owned by real estate company BXP, the firm and the company announced Thursday.

  • April 24, 2025

    Philly Firm's Real Estate Chair Brings Expansion To Nashville

    Philadelphia-based boutique corporate firm Royer Cooper Cohen Braunfeld LLC is launching a new Nashville, Tennessee, office, with the firm's real estate practice group leading the expansion.

  • April 24, 2025

    Mubadala, Fortress Team Up For $1B Strategic Partnership

    Sovereign investor Mubadala Investment Company and private equity firm Fortress Investment Group on Thursday announced that they were furthering their partnership with a $1 billion investment focused on credit and special situations co-investment opportunities.

  • April 24, 2025

    Resort REIT Drops Out Of The Running For NY Casino License

    Las Vegas Sands Corp. announced that it won't keep pursuing one of three casino licenses up for grabs in downstate New York ahead of a June deadline for license applications, citing concerns about competition from online betting.

  • April 23, 2025

    Fed. Circ. Won't Revive Minority Farmer COVID Debt Relief Suit

    The Federal Circuit declined to revive claims by socially disadvantaged farmers who said the government owes them millions of dollars after repealing a coronavirus pandemic-era debt relief program, ruling Tuesday the farmers failed to show the government had a mutual intent to enter a binding contract.

  • April 23, 2025

    Mich. Town Beats Casino's Suit Over Rejected Racetrack Plan

    A Michigan federal judge found the state's final horse-racing casino operator jumped the gun in spending $10 million on a suburban Detroit property only to see negotiations with local officials break down, stranding the company without a physical location.

  • April 23, 2025

    Judge Says Calif. Tribes Can't Intervene In $700M Casino Row

    A District of Columbia federal judge refused on Wednesday to allow three California tribes and a company to intervene in another California tribe's suit accusing the federal government of wrongfully rescinding gambling eligibility for the tribe's $700 million casino project.

  • April 23, 2025

    US Office Demand Falling, Usage Stagnating, Yardi Says

    The demand for office space is declining in the U.S., while office leases aren't being extended and utilization rate has slowed, according to an April report from commercial real estate research firm Yardi Matrix.

  • April 23, 2025

    Colo. Resort Developer Nixes Suit To Pursue Barbuda Claims

    A Colorado-based resort developer has voluntarily dismissed a Denver District Court lawsuit accusing a business partner on a Barbuda resort project of violating a noncompete by working on a similar resort, and plans to pursue his claims through a case in Barbuda, according to the developer's lawyer.

  • April 23, 2025

    Goodwin Guides KHP $300M Hotel Fund

    KHP Capital Partners announced Wednesday that it had wrapped its latest real estate fund guided by Goodwin Procter LLP after raising $300 million, adding that it plans to invest in up to 10 hotel renovation and repositioning opportunities via the fund.

  • April 23, 2025

    Goldman Heiress Fights Chancery Ruling In NY Estate Dispute

    The late Sol Goldman's billionaire daughter Jane Goldman is appealing a Delaware Chancery Court declaratory ruling that her nephew, Steven Gurney-Goldman, has rights to administer and settle his deceased father's interest in the family's vast real estate empire as an estate executor.

  • April 23, 2025

    Ariz. Bars Property Values Above Local Assessor Valuations

    Arizona barred county board rulings in property valuation disputes from exceeding the valuation determined by a local assessor under a bill signed by Gov. Katie Hobbs.

  • April 23, 2025

    Minn. Tax Court Slashes $5.5M From Warehouse Value

    A Minnesota warehouse property was overvalued by about $5.5 million, according to the state tax court, which used sales and income approaches and rounded downward to reflect its recent purchase price.

  • April 23, 2025

    Commercial Foreclosure Atty Joins Offit Kurman's NYC Office

    Offit Kurman said Wednesday that it had added David Yohay, a veteran real estate attorney with expertise advising lenders on commercial foreclosures, to its commercial litigation practice group in New York City.

  • April 23, 2025

    Gibson Dunn Real Estate Atty Joins Milbank's NY Office

    Milbank LLP announced Tuesday the addition of a former Gibson Dunn & Crutcher LLP lawyer to its New York office, highlighting his experience handling commercial real estate transactional matters for clients such as private equity and sovereign wealth funds, top financial institutions and family offices.

  • April 23, 2025

    It's Getting Harder To Be A Data Center Speculator

    Opportunistic investors have discovered they can make a pretty penny selling land after securing power for a proposed data center. But utilities have found ways to weed out the speculators, such as requiring a seven-figure deposit up front.

Expert Analysis

  • Smith's New Trump Indictment Is Case Study In Superseding

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    Special counsel Jack Smith’s recently revised Jan. 6 charges against former President Donald Trump provide lessons for prosecutors on how to effectively draft superseding indictments in order to buttress or streamline their case, as necessary, says Jessica Roth at Cardozo Law School.

  • Consider Best Legal Practices For Commissioning Public Art

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    Commissioning public art for real estate projects can provide many benefits to real estate developers and the public, but it's important to understand the unique legal and contracting aspects of the process to ensure that projects are completed on time and on budget, says Sarah Conley Odenkirk at ArtConverge.

  • Applying High Court's Domestic Corruption Rulings To FCPA

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    After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.

  • Climate Among Many Factors Driving Up RE Insurance Costs

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    A proactive approach to risk management may determine the viability of the U.S. commercial real estate sector as weather crises and other factors drive insurance costs higher, says Ulrick Matsunaga at Crosbie Gliner.

  • Bid Protest Spotlight: Debriefings, Timeliness, Documentation

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    ​James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.

  • A Look At Recent Case Law On Expedited Judgment In NY

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    A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.

  • Dealmaker Lessons From CFIUS' New Enforcement Webpage

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    The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.

  • Reassessing Lease Provisions To Account For ESG Initiatives

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    As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.

  • Avoid Getting Burned By Agencies' Solar Financing Spotlight

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    Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.

  • Co-Tenancy Clause Pointers For Shopping Center Landlords

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    Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.

  • Assessing Algorithmic Versus Generative AI Pricing Tools

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    A comparison of traditional algorithmic pricing models and those powered by generative artificial intelligence can help regulators and practitioners weigh the pros and cons of relying on large language models to price products or services, say Maxime Cohen at McGill University, and Tim Spittle and Jimmy Royer at Analysis Group.

  • Navigating A Potpourri Of Possible Transparency Act Pitfalls

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    Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.

  • Keys To Successful Commercial Property Insurance Claims

    Excerpt from Practical Guidance
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    While insurance needs for commercial leasing arrangements are driven by the characteristics of the premises and the nature of the tenants' intended operations, there are several universal best practices landlords and their counsel can follow when making claims after loss or damage.