Commercial

  • June 26, 2025

    NC Biz Court Stalls Foreclosure Sale On Development Project

    One hour before a foreclosure sale was set to take place, a North Carolina judge stepped in to block the auction after a property owner accused its partners on a 55-acre development of abusing lending, lien and foreclosure laws in a scheme against the owner.

  • June 26, 2025

    Maine To Hike Sales Tax On Cannabis, Add Streaming To Base

    Maine will raise its sales tax rate on adult-use cannabis and lower its excise tax rate on cannabis flower and add streaming services such as Netflix and Hulu to the sales tax base under budget legislation signed by the governor.

  • June 26, 2025

    Phillips Lytle Relocates Rochester Office To Technology Hub

    Phillips Lytle LLP has relocated its Rochester, New York, office to Innovation Square, a hub for technology, education and entrepreneurship, the firm announced.

  • June 25, 2025

    Wash. City Hits Ch. 9 After Arbitration Loss With Developer

    Cle Elum, a city in central Washington at the foothills of the Cascade Mountains, filed for Chapter 9 municipal bankruptcy on Tuesday facing garnishment from a real estate developer to whom it owes $26 million.

  • June 25, 2025

    Publicis Hits Landlord With $3M Buildout Reimbursement Suit

    A subsidiary of global public relations firm Publicis Groupe sued Market Holdings Co. LLC in Washington federal court for more than $3 million, alleging that the commercial landlord must reimburse it for a multimillion-dollar buildout project in a Seattle office property that Market Holdings leased to the company.

  • June 25, 2025

    RI Allows Providence To Exceed Tax Levy Cap For Fiscal 2026

    Providence, Rhode Island, may exceed the state's limit on property tax increases for the 2026 fiscal year under legislation signed by the governor.

  • June 25, 2025

    US House OKs Bill Beefing Up Foreign Land Buy Oversight

    The U.S. House of Representatives has advanced a bill to give federal officials more oversight on agricultural land purchases by foreign government adversaries such as China, Iran and Russia.

  • June 25, 2025

    Gibson Dunn Guides Faropoint $1B Industrial Fund Launch

    Real estate investment manager Faropoint launched its fourth industrial real estate fund under Gibson Dunn & Crutcher LLP's guidance on Wednesday, and said it has its sights set on raising $1 billion in capital commitments.

  • June 25, 2025

    Bain, 11North Team Up On $212M Oklahoma City Retail Buy

    Bain Capital Real Estate and 11North Partners announced Wednesday that they have acquired three open-air retail centers in Oklahoma City for approximately $212 million, in a move that underscores growing institutional interest in high-performing retail despite shifting consumer habits and lingering inflation.

  • June 25, 2025

    Sheppard Mullin Atty Sees Hotel Finance In A Long Downturn

    The hospitality finance sector has still not recovered from the onset of COVID-19 more than five years ago, and tariff and interest rate questions are now adding more uncertainty on the lending front, Sheppard Mullin's hospitality leader told Law360 Real Estate Authority.

  • June 25, 2025

    EisnerAmper Adds International Tax Pro To Minneapolis Office

    EisnerAmper has expanded its international tax services group with a new partner who helps individual and corporate clients navigate legislation, regulatory risks and compliance obligations.

  • June 25, 2025

    Title Resources Group Names New NC Underwriting Counsel

    Insurance underwriter Title Resources Group announced on Wednesday that it has added attorney Natasha Branch as vice president of education and underwriting counsel for North Carolina.

  • June 25, 2025

    Billionaires, Endowment Back $163M Tryperion CRE Fund

    Beverly Hills, California-based real estate investment firm Tryperion Holdings said it has raised $163 million in a fund focused on a variety of U.S. real estate investments with backing from billionaires and a university endowment.

  • June 24, 2025

    Ex-NFL Player Says Indicted Adviser Defrauded Him For Years

    Retired Carolina Panthers defensive lineman Mike Rucker and his wife unknowingly invested in a Ponzi scheme perpetrated by their longtime financial adviser who is now under criminal indictment in North Carolina, according to a state court complaint they filed accusing him of mismanaging their money for decades.

  • June 24, 2025

    Scottsdale Insurance Ends Coverage Fight Over Mall Shooting

    Scottsdale Insurance Co. informed a Florida federal judge on Tuesday it has settled its suit seeking an order that it doesn't owe coverage to the owner of a shopping plaza hit with a $1 million personal injury suit brought by a man who was shot in the plaza parking lot.

  • June 24, 2025

    Fox Rothschild Hires Veteran Real Estate Atty For Minn. Office

    Fox Rothschild LLP has brought on board an experienced commercial real estate transactions attorney for a counsel role in its Minneapolis office, the firm announced on Tuesday.

  • June 24, 2025

    NJ Agency Fights $26M Property Taking Verdict In Ch. 11

    A New Jersey development agency pushed back against a move in bankruptcy court by the owner of a former tire factory site to collect a $25.6 million jury verdict stemming from the agency's decision to condemn the property and make way for housing.

  • June 24, 2025

    Texas Narrows Discovery Allowance In Property Tax Appeals

    Texas district courts can't order discovery in property tax cases unless the discovery is requested by the appealing party under a bill signed by Gov. Greg Abbott. 

  • June 24, 2025

    Plymouth Nabs $193M Ohio Industrial Portfolio

    Plymouth Industrial REIT Inc. announced that it has purchased a 1.95 million-square-foot portfolio of industrial properties located across three Ohio submarkets from an affiliate of Investcorp for $193 million.

  • June 24, 2025

    Macerich Real Estate Co. Buys Mall In Raleigh, NC For $290M

    The Macerich Co. has picked up a 1.3 million-square-foot mall in North Carolina's capital city of Raleigh for $290 million, according to a Tuesday announcement.

  • June 24, 2025

    Alaska Must Challenge Tribe's Gaming Hall In Home State

    The state of Alaska must challenge federal approval for an Alaska Native tribe's gaming hall on its home turf and not in Washington, D.C., a D.C. federal judge ruled.

  • June 24, 2025

    Ohio School Board Can't Appeal Property's Valuation

    An Ohio commercial property improperly had its value raised to $27.8 million, the state Board of Tax Appeals ruled, finding jurisdiction was lacking for a school board's appeal that resulted in the increase.

  • June 24, 2025

    V&E Adds Investment, Finance Trio In NY, Texas

    Vinson & Elkins LLP has brought on three new partners to strengthen its investment management and finance practices.

  • June 24, 2025

    Simpson Thacher Guides $575M Loan For Times Square Office

    In two loan deals guided by Simpson Thacher & Bartlett LLP, Apollo Global Management Inc. borrowed more than $575 million for a Times Square office skyscraper that's going to be converted into a residential building, according to official property records filed Tuesday.

  • June 24, 2025

    GSA Chooses Site For New Conn. Federal Courthouse

    The U.S. General Services Administration selected a 2.19-acre parking lot in Hartford, Connecticut, as the home for a new federal courthouse, which it says will be operational by 2030.

Expert Analysis

  • 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

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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.

  • Tips For Handling Single Asset Real Estate Bankruptcy Cases

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    Bankruptcy counsel should consider several strategies when representing either a debtor or lender in single asset real estate debtor Chapter 11 cases, which generally arise when a debtor is forced to file for relief to stop an impending foreclosure sale.

  • Increased Scrutiny Raises Int'l Real Estate Transaction Risks

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    Recently proposed regulations expanding the Committee on Foreign Investment in the United States' oversight, a White House divestment order and state-level legislative efforts signal increasing scrutiny of real estate transactions that may trigger national security concerns, say Luciano Racco and Aleksis Fernández Caballero at Foley Hoag.

  • Portland's Gross Receipts Tax Oversteps City's Authority

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    Recent measures by Portland, Oregon, that expand the voter-approved scope of the Clean Energy Surcharge on certain retail sales eviscerate the common meaning of the word "retail" and exceed the city's chartered authority to levy tax, say Nikki Dobay at Greenberg Traurig and Jeff Newgard at Peak Policy.

  • Proposed Law Would Harm NYC Hospitality Industry

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    A recently proposed New York City Law that would update hotel licensing and staff coverage requirements could give the city commissioner and unions undue control over the city's hospitality industry, and harm smaller hotels that cannot afford full-time employees, says Stuart Saft at Holland & Knight.

  • Class Actions At The Circuit Courts: August Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy considers certification cases touching on classwide evidence of injury from debt collection practices, defining coupon settlements under the Class Action Fairness Act, proper approaches for evaluating attorney fee awards in class action settlements, and more.

  • Brownfield Questions Surround IRS Tax Credit Bonus

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    Though the IRS has published guidance regarding the Inflation Reduction Act's 10% adder for tax credits generated by renewable energy projects constructed on brownfield sites, considerable guesswork remains as potential implications seem contrary to IRS intentions, say Megan Caldwell and Jon Micah Goeller at Husch Blackwell.

  • DOJ Paths To Limit FARA Fallout From Wynn's DC Circ. Win

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    After the D.C. Circuit’s recent Attorney General v. Wynn ruling, holding that the government cannot compel retroactive registration under the Foreign Agents Registration Act, the U.S. Department of Justice has a few options to limit the decision’s impact on enforcement, say attorneys at MoFo.

  • Shipping Containers As Building Elements Require Diligence

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    With the shipping container market projected to double between 2020 and 2028, repurposing containers as storage units, office spaces and housing may become more common, but developers must make sure they comply with requirements that can vary by intended use and location, says Steven Otto at Crosbie Gliner.

  • NY Tax Talk: Triggers For Tax On Software-As-A-Service

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    Recent decisions by New York’s Tax Appeals Tribunal and Division of Tax Appeals, finding that services bundled with prewritten software were tangible property, provide insight into the features and customer interactions that render such products subject to New York sales tax, say Elizabeth Cha and Madison Ball at Eversheds Sutherland.

  • NY Ruling Offers A Foreclosure Road Map For Lenders

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    A New York appellate court recently upheld a summary judgment ruling in favor of a commercial lender's foreclosure in U.S. Bank v. 1226 Evergreen Bapaz, illustrating the proofs lenders will need to prosecute a foreclosure action, especially where the plaintiff is an assignee of the originating lender, say attorneys at Sherman Atlas.

  • Kentucky Tax Talk: Appeals Court Revisits Leases' Tax Effects

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    With better facts and greater emphasis on the Kentucky Constitution, Walgreen Co. may succeed in its latest Kentucky Court of Appeals challenge to a tax assessor's method of valuing leaseholds on real property for purposes of determining ad valorem tax, say Mark Sommer and Elizabeth Ethington at Frost Brown Todd.