Commercial

  • December 05, 2025

    Best Use Of Macy's Property Is As Store, Minn. Court Says

    The highest and best use for a Macy's property in Minnesota is its continued function as an anchor department store in a shopping mall, the state tax court said, declining to amend the valuations it previously found.

  • December 05, 2025

    Pebblebrook Sells Chicago Hotel In $72M Deal

    Pebblebrook Hotel Trust announced that it sold a 752-room hotel in downtown Chicago for $72 million to an unnamed third-party, adding that it plans to use sale proceeds for general corporate purposes.

  • December 05, 2025

    Long Island Real Estate Co. Files For Ch. 11 With $35M Debt

    Long Island-based real estate holding company Giapreet LLC filed for Chapter 11 in a New York bankruptcy court with just over $35 million in liabilities.

  • December 05, 2025

    Office Owner SL Green Targets NYC Assets With $1.3B Fund

    Office landlord SL Green Realty Corp. said Friday that it has closed a $1.3 billion oversubscribed fund targeting assets in New York City.

  • December 05, 2025

    American Bridge Loses Seattle Convention Center Dispute

    A Washington federal judge has found American Bridge Co. "solely responsible" for months of delays in a Seattle convention center project, concluding that the firm botched a steel work subcontract from the start and broke its promises to the general contractor, a joint venture between Clark Construction Group and Lease Crutcher Lewis.

  • December 04, 2025

    OFAC Fines Real Estate Firm $7M Over Sanctions Violations

    The Department of the Treasury's Office of Foreign Assets Control fined a New York property management company more than $7 million for allegedly violating Russian sanctions by receiving payments on behalf of a company owned by a sanctioned Russian oligarch.

  • December 04, 2025

    Workers Snag Partial Collective In Management Co. OT Suit

    Three workers can proceed as a limited collective in their suit accusing a land management company of cheating them out of overtime pay, a Maryland federal judge ruled, saying that they failed to support their claims on a nationwide basis.

  • December 04, 2025

    Mt. Hawley Nabs Full Win In Citibank Landlord's Coverage Bid

    A New York federal court handed Mt. Hawley Insurance Co. a complete win over a Bronx property owner's claim that the insurer had a duty to defend it from a suit brought by a security guard who tripped in a Citibank parking lot.

  • December 04, 2025

    Goldberg Segalla Adds New Special Counsel To NYC Office

    Goldberg Segalla LLP has hired an experienced commercial litigation attorney as special counsel for its real estate litigation and title disputes team in New York City, the firm recently announced.

  • December 04, 2025

    2 Firms Guide Discounted $133M NYC Office Tower Sale

    Holland & Knight LLP and Higgins & Brancheau LLC guided the $133 million sale of a Manhattan office property, which saw a Clarion Partners LLC affiliate offload the property for less than half of its 2018 purchase price.

  • December 04, 2025

    Over 2 Dozen Countries Commit To Property Tax Transparency

    A group of 26 jurisdictions committed on Dec. 4 to adopting a framework developed by the Organization for Economic Cooperation and Development to facilitate the exchange of real estate information among tax authorities.

  • December 04, 2025

    KKR-Led Group Sells Stake In Tokyo Hotel, Plus More Rumors

    A group led by private equity behemoth KKR sold its stake in a luxury Tokyo hotel for $800 million, Blackstone is considering dropping its bid for British self-storage company Big Yellow Group, and Australian metals and mining company BHP Group offered to buy British mining company Anglo American for £40 billion ($53 billion) before nixing its offer.

  • December 03, 2025

    Cannon Hill, TriPost Team Up, Eye $1.5B In Office Acquisitions

    King & Spalding LLP and Hunton Andrews Kurth LLP provided counsel as New York-based firms Cannon Hill Capital Partners and TriPost Capital Partners entered into a partnership aimed at acquiring up to $1.5 billion in "strategic office assets" over the next three years.

  • December 03, 2025

    Citibank Says Developer Can't Blame It For $45M Wire Scam

    Citibank NA has urged a California federal judge to toss a suit by a real estate developer who accidentally wired $45 million in home-purchase funds to a fraudster after receiving spoofed escrow emails.

  • December 03, 2025

    Mineral Rights At Former Mo. Gas Station Ruled Worthless

    A convenience store company's interest in mineral rights it retained when it sold a gas station property are correctly valued at $0 and not taxable, the Missouri Court of Appeals ruled, upholding decisions of a trial court and the state's tax commission.

  • December 03, 2025

    Mich. Judge Tosses Crypto Cos' $6.8M Travelers Fire Suit

    A Michigan federal judge on Wednesday dismissed a lawsuit from two cryptocurrency mining companies that alleged Travelers Insurance Co. and Northfield Insurance Co. exacerbated their building's fire loss through the claim handling process, finding the issues in this case were fully litigated in a separate action in which the insurance policy was deemed void.

  • December 03, 2025

    Monitor Will Stay In Place In $1B Broad Street Fraud Case

    A private equity firm accused by the U.S. Securities and Exchange Commission of defrauding investors in a $1 billion fund lost its bid Wednesday to discharge the court-appointed monitor overseeing its books when a Florida federal judge rejected arguments that the monitor was acting in bad faith.

  • December 03, 2025

    Investcorp Buys 35-Property Industrial Portfolio For $400M

    Investcorp has paid $400 million to acquire a 35-property, 2.6 million-square-foot U.S. industrial real estate portfolio that consists of properties in six states, the alternative investment firm announced.

  • December 03, 2025

    UMB Bank Gets Partial Win In $80M Hard Rock Hotel Dispute

    UMB Bank NA has been granted wins on some of its claims in a suit regarding a failed $80 million Hard Rock Hotel development project, with a Kansas federal court ruling that claims it did not properly reimburse the project developer's costs have already been decided in Minnesota court.

  • December 03, 2025

    Okla. Cos. Hit Simon Property Group With Antitrust Suit

    A group of Oklahoma-based companies accused retail-focused real estate investment trust Simon Property Group Inc. of waging "an anticompetitive campaign" to take down their competing mixed-use project in Oklahoma City.

  • December 03, 2025

    K&L Gates Deepens Its CMBS Servicer Attorney Bench

    K&L Gates LLP announced Wednesday that it has brought on two experienced real estate finance attorneys whose practices focus on advising commercial mortgage-backed securities servicers.

  • December 03, 2025

    MVP: Sullivan & Cromwell's Ralston Turbeville

    Ralston Turbeville, a partner in Sullivan & Cromwell's real estate practice, guided Tishman Speyer's $3.5 billion refinancing of Rockefeller Center as well as the company's $2.85 billion refinancing of the Spiral in Hudson Yards, earning him a spot as one of the 2025 Law360 Real Estate MVPs.

  • December 03, 2025

    QuadReal, LaSalle Ink Deal On $495M US Industrial Portfolio

    Canada-based QuadReal Property Group has announced real estate-focused LaSalle Investment Management will take a minority stake as part of a deal to recapitalize a $495 million U.S. industrial portfolio.

  • December 03, 2025

    Texas Firm Polunsky Beitel Hires Mortgage-Focused Tech Chief

    Texas law firm Polunsky Beitel & Green LLP has announced the hiring of a former technology lead at Codvo.ai and Wells Fargo as its chief technology officer, as it seeks to expand its use of artificial intelligence and automation.

  • December 03, 2025

    2 Firms Advise As Marvell Inks Up To $5.5B Celestial AI Deal

    Wilson Sonsini Goodrich & Rosati PC and Latham & Watkins LLP are advising Marvell Technology and Celestial AI, respectively, on an up to $5.5 billion deal that will expand Marvell's position in high-speed connectivity for artificial intelligence data centers.

Expert Analysis

  • Avoiding Pitfalls Around New Calif. Commercial Lease Law

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    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.

  • Measuring And Mitigating Harm From Discriminatory Taxes

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    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.

  • Addressing Tariff Price Escalation In Construction Contracts

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    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.

  • How The CRE Industry Is Adapting To Tariff Uncertainty

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    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.

  • Reconciling 2 Smoke Coverage Cases From California

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    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.

  • Contractor Remedies Amid Overhaul Of Federal Spending

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    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.

  • Contract Disputes Recap: Terminations Galore

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    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.

  • Making The Opportunity Zones Program Great At Last

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    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.

  • Investor Essentials For Buying Federally Owned Property

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    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.

  • How 2025 Is Shaping The Future Of Bank Mergers So Far

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    Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.

  • Why NY May Want To Reconsider Its LLC Transparency Law

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    Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.

  • Dewberry Ruling Is A Wakeup Call For Trademark Owners

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    The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.

  • How GSA Lease Clauses May Affect DOGE Terminations

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    The Department of Government Efficiency has begun to cut the U.S. General Services Administration's enormous real estate portfolio, but some standard lease clauses include limits helpful to landlords that may slow progress toward the administration's cost-cutting goals, say attorneys at Pillsbury.