Commercial

  • September 17, 2025

    Eli Lilly Plans $5B Va. Factory, With More US Plants To Follow

    Eli Lilly and Co. announced this week it is planning a $5 billion manufacturing facility near Richmond, Virginia — the first in a series of multibillion-dollar manufacturing plants the drugmaker expects to build in the U.S. over the next five years.

  • September 17, 2025

    South Florida Cities Nearing Full Return-To-Office Recovery

    South Florida's West Palm Beach and Miami appear to be running ahead of the pack in the "return to office" race to recover to pre-COVID levels, even outpacing a resurgent Manhattan market, according to recently released data.

  • September 17, 2025

    Polsinelli Hires Thompson Coburn Real Estate Atty In Chicago

    A real estate transactional attorney who spent the majority of his legal career, including as a summer associate, at Thompson Coburn LLP has moved to Polsinelli PC's Chicago office, the firm has announced.

  • September 17, 2025

    Yale Health System Settles $435M Hospital Sale Suit

    Yale New Haven Health Services Corp., Connecticut's largest hospital system, has reached a settlement in principle with bankrupt Prospect Medical Holdings Inc. that would resolve a $435 million contract dispute over the sale of several hospitals in the state.

  • September 17, 2025

    Skadden, Latham Guide $1.6B Paramount Real Estate Deal

    Real estate investment trust Paramount Group will be sold to asset manager Rithm Capital Corp. for about $1.6 billion, with Skadden Arps Slate Meagher & Flom LLP advising Rithm and Latham & Watkins LLP representing Paramount, the companies said Wednesday. 

  • September 16, 2025

    4th Circ. Revives RICO Claims On Amazon Project Kickbacks

    The Fourth Circuit in a published decision Tuesday revived racketeering and other claims from Amazon.com Inc. after two former employees, a real estate developer and an attorney operated a kickback scheme as the company spent hundreds of millions of dollars on a set of data center projects in northern Virginia.

  • September 16, 2025

    'Incurably Premature': Suit Over Alleged EB-5 Rule Tossed

    A Seattle federal judge on Monday tossed an immigrant investor's lawsuit challenging an allegedly arbitrary action that resulted in U.S. Citizenship and Immigration Services revoking her visa petition, saying she could not sue since she did not first exhaust administrative remedies.

  • September 16, 2025

    Casino Giant Urges Fla. Court To Toss Bahamas Fraud Suit

    U.S.-based casino operator Genting Americas Inc. has urged a Florida federal court to dismiss a lawsuit alleging that it used a resort in the Bahamas to obscure fraudulent activities, saying the suing real estate company failed to deliver a proper amended derivative complaint ordered by a judge. 

  • September 16, 2025

    Office, Multifamily Deals Thrive In Calif. Bay Area AI Boom

    Office buildings and apartments were the hottest properties to trade hands in the San Francisco Bay Area during the first half of 2025, amid the region's office market rebound as an influx of artificial intelligence companies pop up and claim workspace, according to a CBRE report.

  • September 16, 2025

    Mass. Tax Board Cuts Value Of Biz's Condos Based On Sales

    The assessed values of two condominium units in Massachusetts were reduced by the state Appellate Tax Board in a decision released Tuesday, after the board found that both were overvalued when compared with similar properties.

  • September 16, 2025

    ABB Ups US Spend By $110M, Citing Data Center Demand

    Swiss electric engineering company ABB said Tuesday that it is planning to create nearly 200 jobs by investing $110 million at facilities in Mississippi, Virginia, Puerto Rico and North Carolina.

  • September 16, 2025

    Macquarie Lines Up $350M For Solar, Battery Storage Projects

    Macquarie Asset Management arranged $350 million worth of financing to fund Nexamp Inc.'s "utility-scale solar and battery storage projects," the asset management company announced Tuesday.

  • September 16, 2025

    Ashford Hospitality Trust Nabs $218M Refi For Nashville Hotel

    Ashford Hospitality Trust announced Monday that the hospitality real estate investment trust secured a $218.1 million refinancing as well as a $53 million preferred equity investment for a 673-room hotel in Nashville, Tennessee.

  • September 15, 2025

    No New Deals In $100M Commercial Bribery Case, NY DA Says

    Prosecutors told a New York state judge Monday that there would be no plea deals for the men accused of orchestrating a $100 million corporate bribery and kickback scheme and that they were headed for trial in January, prompting defense attorneys to cry foul.

  • September 15, 2025

    Ch. 11 Debtors Sue CVS Over Owed Rent, Ownership Dispute

    A group of debtors has claimed that CVS Caremark Corp. and its entities are withholding more than $7 million in rent because a "serial litigant" wrongfully alleged that he owns both the properties that CVS rented and the original property-owner companies.

  • September 15, 2025

    CIM Provides $73.5M To Hotels In New Orleans And Pa.

    Real estate and infrastructure owner CIM Group said Monday that its real estate debt arm provided a total of $73.5 million to acquire and renovate a hotel in New Orleans and to refinance a Pennsylvania hotel.

  • September 15, 2025

    Barings, Aareal Partner On $303M University Hotel Refi

    Real estate investment manager Barings said Monday that it worked with Aareal Capital Corp. to provide $303 million in refinancing to an affiliate of investor AJ Capital Partners on a package of seven hotels in university-anchored markets.

  • September 15, 2025

    Ford Battery Factory Challenge Reignited By Mich. Justices

    The Michigan Supreme Court has revived a challenge to Ford Motor Co.'s plans to build an electric vehicle battery plant in Calhoun County, vacating a lower appellate ruling that affirmed the case's dismissal in light of another state top court opinion over similar zoning authority issues.

  • September 15, 2025

    NYC Real Estate Week In Review

    Greenberg Traurig and Goldberg Weprin are among the law firms that picked up work on the largest New York City real estate deals that hit public records last week, with all five of the week's top deals happening in Manhattan.

  • September 15, 2025

    Ex-NFL Player Nabs Default Against Firms Tied To Adviser

    Retired NFL defensive lineman Mike Rucker and his wife won default judgment against several companies tied to their former financial adviser who is accused of mismanaging their money, after a state Business Court judge said the entities failed to respond to the Ruckers' suit alleging they enabled the adviser's fraud.

  • September 15, 2025

    Ohio Says Browns' Stadium Suit Is Moot After Law Change

    The state of Ohio told a federal court a Cleveland Browns lawsuit accusing the city of thwarting its move to a suburb is now moot because the state has altered the law at the center of the debate and allocated $600 million from the state budget for its relocation.

  • September 15, 2025

    NJ Multifamily Building Nabs $220M Bridge Loan

    Developer Namdar Group borrowed a $220 million bridge loan from real estate lender TYKO Capital to refinance Namdar's 576-unit, 27-story mixed-use Jersey City, New Jersey, multifamily property, commercial real estate finance services company Walker & Dunlop Inc. announced Monday.

  • September 12, 2025

    Receiver Wants To Sell Calif. Property With Illegal Ex-Pot Shop

    A court-appointed receiver asked a California state court to approve the sale of a two-story Compton commercial building that used to have an illegal cannabis dispensary.

  • September 12, 2025

    Supply Constraints A Boon To Industrial Outdoor Storage

    Industrial outdoor storage has emerged as a peak performer amid the larger industrial real estate segment thanks to supply constraints on the asset class, with the segment showing limited industrialization to date, per a Newmark report.

  • September 12, 2025

    US Self-Storage Properties Dropping In Value, Cushman Says

    The value of U.S. self-storage properties has declined for six quarters straight, decreasing from $174 per square foot in the first quarter of 2023 to $159 per square foot in this year's second quarter, according to a Cushman & Wakefield report covering the first half of 2025.

Expert Analysis

  • NY Laundering Ruling Leans On Jurisdictional Fundamentals

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    A New York appeals court’s recent dismissal of Zhakiyanov v. Ogai, a civil money laundering dispute between Kazakh citizens involving New York real estate, points toward limitations on the jurisdictional reach of state courts and suggests that similar claims will be subject to a searching forum analysis, say attorneys at Curtis Mallet-Prevost.

  • Opportunity Zone's Future Corp. Tax Benefits Still Uncertain

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    Despite recent legislative enhancements to the qualified opportunity fund program, and a new G7 understanding that would exempt U.S.-parented multinationals from the undertaxed profits rule, uncertainties over future tax benefits could dampen investment interest in the program, says Alan Lederman at Gunster.

  • What To Expect As Trump's 401(k) Order Materializes

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    Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.

  • Key Insurance Coverage Considerations For AI Data Centers

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    The burgeoning artificial intelligence industry has sparked a surge in data center projects — a trend likely to be accelerated by the White House's AI Action Plan — but with these complex facilities come equally complex risks, engendering important insurance coverage considerations, say attorneys at Morgan Lewis.

  • Unpacking The New Opportunity Zone Tax Incentive Program

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    The One Big Beautiful Bill Act brought several improvements to the opportunity zone tax incentive program that should boost investments in qualified funds, including making it permanent, increasing federal income tax benefits in rural areas, redesignating the qualified zones, and requiring more in-depth reporting, says Marc Schultz at Snell & Wilmer.

  • Data Center Construction Trends, Challenges In Ill. And Texas

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    Data centers in Illinois and Texas are reshaping the industrial landscape, but this growth brings legal complexity, so developers, contractors and corporate legal departments must have a deep understanding of each state's legal terrain and take a proactive approach to risk management, say attorneys at Hicks Johnson.

  • Definitions Of 'Waters Of The United States' Ebb And Flow

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    The issue of defining whether "waters of the United States" include streams and channels that sometimes have water and sometimes do not has been fraught since the U.S. Supreme Court's 2006 Rapanos decision, but a possible new rule may help property owners stay out of court, says Neal McAliley at Carlton Fields.

  • Texas Property Law Complicates Financing And Development

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    A new Texas law imposing expansive state-level restrictions on properties owned by entities from designated countries creates a major obstacle for some lenders, developers and other stakeholders, as well as new diligence requirements for foreign companies, say attorneys at Pillsbury.

  • How Bankruptcy Law Caps Landlords' Rejected Lease Claims

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    With corporate bankruptcy filings for the first half of the year at a 15-year high, landlords should be prepared for commercial tenants to use the bankruptcy process to reject unwanted leases in order to lessen corporate footprints and improve liquidity, say attorneys at Mintz.

  • Annual Report Shows CFIUS Extending Its Reach In 2024

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    The recently released 2024 annual report from the Committee on Foreign Investment in the United States reveals record civil penalties and enhanced internal capabilities, illustrating expanding jurisdiction and an increasing appetite for enforcement actions, says Nathan Fisher at StoneTurn.

  • Navigating The New Playbook For SBA 504 Loans

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    As the U.S. Small Business Administration 504 loan program’s relevance grows amid climbing foreclosure activity, regulatory changes and a notable ruling from the Eighth Circuit are reshaping origination and workout strategies, highlighting the need for a national framework to improve resolutions, protect recoveries and support small businesses, says Casey Sieck at Day Pitney.

  • Assessing Strategies For Mixed-Use Pro Sports Projects

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    Counsel managing mixed-use sports and entertainment districts must combine expertise ranging from stadium-arena finance to municipal law to public relations into a unified strategy, and a series of practice tips can aid project management from inception to completion, say attorneys at Katten.

  • 4 Questions For Insureds To Overcome Flood Exclusions

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    In a year of record flash flooding in the U.S., affected policyholders, who may assume that their policy's flood exclusion precludes recovery for losses, should look to the many factually and legally nuanced cases presenting pathways to coverage, says Micah Skidmore at Haynes Boone.