Commercial
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August 11, 2025
2 Firms Guide REIT's Close Of $145M Seattle Hotel Sale To JV
Braemar Hotels & Resorts closed on a $145 million sale of a Marriott-branded hotel in Seattle to a joint venture between Sixth Street Partners LLC and Riller Capital LLC, in a deal guided by Jackson Walker LLP and Latham & Watkins LLP, per securities filings.
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August 11, 2025
Sills Adds Ex-Rosenberg Atty To Litigation, Real Estate Teams
Sills Cummis & Gross PC hired a former Rosenberg & Estis PC member to join the firm's litigation and real estate teams in New York City.
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August 11, 2025
Dentons Tops List Of Firms With Biggest Water Law Teams
Dentons, Troutman Pepper Locke LLP and WilmerHale are among the large U.S. law firms that have sizable teams of lawyers that work on water matters, according to an analysis by Law360 Real Estate Authority.
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August 11, 2025
Judge Upholds 99-Year Lease In Dispute At Miami Beach Hotel
A state court judge largely shot down an attempt by co-owners of a Miami Beach hotel to cancel an operator's 99-year lease, rejecting arguments that the agreement requires the property to be maintained in 1950s condition.
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August 11, 2025
Allen Matkins Guides $160M Calif. Community Project Loan
Walker & Dunlop Inc.'s capital markets team has secured a $160 million loan with a $27 million "re-advance component" for the construction of a 1,900-unit, master-planned community project in Rancho Mirage, California, the commercial real estate finance and advisory firm announced Monday.
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August 11, 2025
Data Center Developer Lands $1.2B To Build Atlanta Campus
Law firms Allen Overy Shearman Sterling and Milbank LLP advised on $1.2 billion in green loan financing to data center developer DC Blox to build a campus near Atlanta.
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August 11, 2025
Nossaman Adds Public Finance Atty To Infrastructure Group
Nossaman LLP said it has hired infrastructure attorney Edsell "Chip" Eady in its San Diego office from the public finance practice at Procopio Cory Hargreaves & Savitch LLP.
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August 11, 2025
Greystone Issues $64.9M Loan For Penn. Healthcare Portfolio
Greystone has provided a nonrecourse, 24-month bridge loan of more than $64.9 million for a 506-bed, three-property Pennsylvania healthcare portfolio, the commercial real estate finance company announced Monday.
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August 11, 2025
Waterfront Building Offers High Demand, But Complex Review
People have been drawn to beaches, rivers, harbors and other waterfront sites for basically all of human history, and while still among the most desired properties for real estate development, they present multiple layers of interests and issues — and in turn laws and regulations that must be navigated to build on them.
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August 11, 2025
4 Movies To Watch About Water And Real Estate
From Hollywood blockbusters to low-budget shorts, the big screen over the decades has played host to various stories about legal conflicts that lie at the intersection of water and real estate.
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August 11, 2025
4 Teams Leaving A Mark On Revived Baltimore Waterfront
Among the $3 billion worth of early deliveries for four major Baltimore waterfront redevelopment projects are a global investment firm's 550,000-square-foot headquarters, more than 700 residential units, and over 45 acres of new or revamped park space.
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August 11, 2025
7 Beach Disputes Vexing Courts From Coast To Coast
From a SpaceX explosion in Texas to claims of whale sightings near a New Jersey offshore wind farm, a day at the beach can sometimes lead to a day in court. Law360 Real Estate Authority compiled the most prominent recent legal disputes over beaches around the country.
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August 11, 2025
3 Big Waterfront Projects And The Legal Teams Behind Them
Massive mixed-use developments are underway alongside riverbanks and beaches across the country, including an ambitious overhaul of industrial land and designs for a multibillion-dollar stadium.
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August 11, 2025
Insurer Says $50M Zoning Suit Loss Is Outside Policy Period
An insurer asked a Michigan federal judge to declare it has no obligation to cover a $50 million judgment against a township, arguing the damages that stem from the township's unconstitutional zoning restrictions that a group of wineries had challenged fall outside the policy.
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August 11, 2025
NYC Real Estate Week In Review
Gibson Dunn and Jeffrey Zwick are among the law firms that guided the largest New York City real estate deals that hit public records last week, with a pair of Brooklyn trades topping the list.
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August 11, 2025
Ballard Spahr Inks $166M Refi For NY Transit-Oriented Project
The Olayan Group and Tritec Real Estate Co. secured a Ballard Spahr LLP and ArentFox Schiff LLP-guided $166.2 million refinancing for one mixed-use component of a sprawling Long Island, New York, community known as Station Yards from Greystone, the lender announced.
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August 11, 2025
Career Troutman RE Finance Atty Joins McGuireWoods In DC
McGuireWoods LLP has hired a real estate finance specialist and longtime attorney with Troutman Pepper Locke LLP to join its office in Washington, D.C., the firm announced on Monday.
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August 11, 2025
Investors Sue CTO Realty Over Alleged Dividend Deception
A proposed class of shareholders in retail-focused real estate investment trust CTO Realty Growth Inc. filed a lawsuit in Florida federal court claiming the REIT misled them about its financial metrics, the sustainability of dividends and the profitability of an Atlanta mixed-use community.
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August 11, 2025
NY Curbs Property Tax Shifts In Nassau, Suffolk Counties
New York established tighter limits on the amount of property taxes that can be shifted between property classes in certain jurisdictions in Nassau and Suffolk counties under a bill signed by Gov. Kathy Hochul.
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August 08, 2025
Judge Says Insurer Must Face $100M Biz Interruption Claim
A chemicals manufacturer accusing a reinsurer of failing to fully cover its roughly $100 million business interruption claim over a chemical plant explosion can still pursue its coverage claims, a Texas federal court ruled, finding the Texas Supreme Court would likely adopt the same holding.
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August 08, 2025
Texas Bill Seeks To Allow Injunctions Against Tax Collectors
Texas property owners could seek injunctions to prevent local taxing authorities from collecting property taxes if a taxing entity adopts a voter-approved tax increase and takes action that strays from the tax hike's stated purpose, under a bill introduced in the state House of Representatives.
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August 08, 2025
South Korea Probes 49 Foreign Luxury Apartment Buyers
South Korea's National Tax Service said it has launched a tax evasion probe into 49 owners of high-priced apartments who are from foreign countries such as the U.S. and China.
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August 08, 2025
Rite Aid Picks Azend As Buyer Of Pharmacy Assets
Pharmacy chain Rite Aid has told a New Jersey bankruptcy judge it's selected Med One Pharmacy Inc. as the buyer of drugs in its inventory, customer information, leases and other assets, months after the company transferred millions of prescriptions and dozens of stores to CVS and other businesses in Chapter 11.
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August 08, 2025
2 Firms Guide $1B Refi For Biotech Co.'s Boston HQ
The RMR Group obtained a five-year $1 billion mortgage loan to refinance biotech company Vertex Pharmaceuticals Inc.'s Boston headquarters in a deal guided by Dechert LLP and Skadden Arps Slate Meagher & Flom LLP, the alternative asset management company announced Thursday.
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August 08, 2025
Latham Steers Silver Lake On $400M Data Center Project Fund
Private equity firm Silver Lake said Friday that it has launched a $400 million fund to build a portfolio of powered land sites with demand for data centers increasing, in a deal advised by Latham & Watkins LLP.
Expert Analysis
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CRE Challenges Demand New Lease And Development Plans
As developers and landlords face declining occupancy of commercial, industrial and office space post-pandemic, a combination of business and lease considerations may better position stakeholders to protect the value and profitability of their commercial real estate, says Geoffrey Leskie at Segal McCambridge.
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Ch. 11 Free-And-Clear Sale Ruling Takes Pragmatic Approach
A recent ruling from a New York bankruptcy court in which the debtors were allowed to sell interests free and clear regardless of a lienholder's objection signals a practical approach and a recalibration of the balance between debtor flexibility and creditor protections, say attorneys at Eversheds Sutherland.
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What's At Stake As 9th Circ. Eyes Cultural Resource Damages
In Pakootas v. Teck Cominco, the Ninth Circuit is faced with the long-unresolved question of whether cultural resource damages are recoverable as part of natural resource damages under the Superfund law — and the answer will have enormous implications for companies, natural resource trustees and Native American tribes, says Sarah Bell at Farella Braun.
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5 Insurance Types For Mitigating Tariff-Related Trade Losses
The potential for significant trade-related losses as a result of increased tariffs may cause companies to consider which of their insurance policies, including marine, builders risk, trade credit, and directors and officers, could provide coverage to alleviate the financial impact, say attorneys at Pillsbury.
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Avoiding Pitfalls Around New Calif. Commercial Lease Law
A California law that became effective this year requires commercial landlords to extend certain protections previously afforded to residential tenancies, and a few key provisions of the law especially warrant reexamination of leasing and operational processes, say attorneys at Holland & Knight.
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Measuring And Mitigating Harm From Discriminatory Taxes
In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.
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Addressing Tariff Price Escalation In Construction Contracts
As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.
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How The CRE Industry Is Adapting To Tariff Uncertainty
Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.
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Reconciling 2 Smoke Coverage Cases From California
As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.
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Contractor Remedies Amid Overhaul Of Federal Spending
Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.
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Contract Disputes Recap: Terminations Galore
Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.
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Making The Opportunity Zones Program Great At Last
As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.
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Investor Essentials For Buying Federally Owned Property
Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.