Commercial

  • July 23, 2025

    DC Co. Sues Société Générale Over $29M Loan Deal

    A District of Columbia property owner has accused Société Générale Financial Corp. in D.C. federal court of violating an agreement related to a $29 million refinancing loan when the bank corporation refused to fund the loan after realizing that it couldn't find a favorable secondary market buyer for the loan.

  • July 23, 2025

    Life Sciences Recovery Waits On Rate Relief, Alexandria Says

    Even as executives with Alexandria Real Estate Equities touted its largest ever build-to-suit project at a San Diego megacampus and downplayed the effects of recent tariff announcements, they told investors the real estate investment trust is still waiting for "desperately needed" interest rate relief.

  • July 23, 2025

    Charter School Funder's Creditor Blasts Ch. 11 Depo Bid

    Charter School Capital Inc.'s largest unsecured creditor has asked a Delaware bankruptcy judge to throw out the debtor's bid to depose its principal, arguing the request is "obvious retaliation against" the investor's attempt to slow the charter school funding firm's proposed sale process.

  • July 23, 2025

    8th Circ. Denies Bar Owner Coverage For Ex-Husband's Arson

    An insurer for a Minnesota bar has no duty to cover a nearly $2 million fire intentionally caused by one of the owners, the Eighth Circuit ruled, rejecting the other co-owner's argument that the "innocent co-insured doctrine" extended to the bar's corresponding corporate entities.

  • July 23, 2025

    Ex-Real Estate Finance Pro Tapped For OCC Chief Of Staff

    President Donald Trump's top national bank regulator has hired a new chief of staff, bringing on a former federal housing finance official from the private sector to help steer policy coordination and internal operations at the Office of the Comptroller of the Currency, the agency said Wednesday.

  • July 23, 2025

    NJ Power Broker Blasts AG's Bid To Revive RICO Case

    Garden State power broker George E. Norcross III on Wednesday urged a New Jersey appeals court to affirm the dismissal of the state's explosive racketeering indictment, arguing the trial court was right to toss the charges because there are no factual allegations in the indictment that amount to a crime.

  • July 23, 2025

    Rising Star: King & Spalding's Almiro Clere

    Almiro Clere of King & Spalding LLP has advised Dubai's Department of Economy and Tourism on what planners say will be the world's largest artificial reef off Dubai, where 1 billion corals will live on a marine bed the size of New York City, earning him a spot among the construction law practitioners under age 40 honored by Law360 as Rising Stars.

  • July 23, 2025

    Rising Star: Ropes & Gray's Anthony Mongone

    Anthony Mongone of Ropes & Gray LLP has earned the trust of some of the world's largest real estate investors to guide them through complex, large-scale deals, such as Blackstone's acquisition of 20% of Signature Bank's $16.8 billion mortgage loan portfolio after the bank's failure, earning him a spot among the real estate law practitioners under age 40 honored by Law360.

  • July 23, 2025

    Perkins Coie Guides $154M NYC Hotel Sale

    An entity connected to hospitality management and ownership company GF Hotels & Resorts sold off a New York City hotel to an entity connected to real estate company Hawkins Way Capital, in a $154.5 million deal advised by Perkins Coie LLP, according to official property records.

  • July 23, 2025

    Pa. Trial Court Must Redo Properties' Valuations, Ruling Says

    A Pennsylvania trial court incorrectly changed the valuation of two taxpayers' properties and overstepped its authority when it combined the assessments of the taxpayers and the city, the Commonwealth Court ruled. 

  • July 23, 2025

    SL Green Sees Smaller NYC Office Leases In More Submarkets

    SL Green Realty Corp. executives reported shifts in Manhattan leasing activity on a second-quarter earnings call, attesting to a rise in midsize leases and an expansion in leasing activity outside of core Park Avenue and Grand Central submarkets.

  • July 23, 2025

    DiamondRock Wraps Up $1.5B Loan, Credit Facility Refi

    DiamondRock Hospitality Company "refinanced, upsized and extended" the maturity dates of several multimillion-dollar term loans and a revolving credit facility, which are all part of a senior unsecured credit facility that's been increased from $1.2 billion to $1.5 billion, the hotel-focused real estate investment trust announced on Wednesday.

  • July 23, 2025

    Why Private REITs Are Having A Moment

    Investments in private real estate investment trusts are surging, and that trend may strengthen as state regulators mull limiting investments in other, quasi-public REITs, while securities regulators have recently eased accreditation requirements for investors raising private capital.

  • July 23, 2025

    US Gov't Has Eyes On Farmland, Paul Weiss Atty Says

    Real estate transaction attorneys should heed the federal government's growing focus on farmland for national security reviews and understand the associated risks, even if their client is a U.S. buyer, according to a practice group leader at Paul Weiss Rifkind Wharton & Garrison LLP.

  • July 22, 2025

    Haynes And Boone Guides $145M Swanky Tribeca Hotel Refi

    The entity behind a luxury hotel in New York City's Tribeca neighborhood landed a $145 million refinancing for the property from affiliates of Goldman Sachs, which includes $100 million of new equity, according to documents filed in country property records by Haynes and Boone LLP.

  • July 22, 2025

    Whitman Breed Asked To Set Aside $3.8M Amid Lease Fears

    Connecticut law firm Whitman Breed Abbott & Morgan LLC should set aside $3.8 million to satisfy its landlord's fears that a wave of departures has rattled the firm's finances and may jeopardize its lease of a 16,000-square-foot Greenwich office, a property manager testified Tuesday.

  • July 22, 2025

    NJ Requires State Buyback Of Unused Tax Credits

    New Jersey's tax agency will be required to purchase certain unused tax credits for real estate development projects under a bill Democratic Gov. Phil Murphy signed Tuesday.

  • July 22, 2025

    Maynard Nexsen Brings On 8-Atty Atlanta Real Estate Firm

    Maynard Nexsen PC announced Tuesday that it has merged with Atlanta-based real estate firm Miller Lavoie LLP, bringing on eight attorneys to the firm's national footprint to strengthen its real estate investment, development and financing expertise as the firm CEO says they're "hyper-focused on growing our Atlanta presence."

  • July 22, 2025

    Bridge Logistics Nabs $84M Calif. Industrial Portfolio

    Bridge Logistics Properties has acquired a three-building, 332,793-square-foot industrial portfolio in Fontana, California, for $83.5 million, the logistics real estate investment manager announced Tuesday.

  • July 22, 2025

    Midwest Office Market Cools From Early 2025 Spike

    Leasing activity across the Midwest office market in the second quarter of 2025 moderated from an optimistic first quarter, with "muted" net absorption and an increasing vacancy rate, per a report from CBRE.

  • July 22, 2025

    EQT Pays $241M For Mapletree Sunbelt Warehouse Portfolio

    Mapletree Investments said it has sold an industrial portfolio spanning 2.4 million square feet in Georgia, Florida and Texas to EQT Real Estate for $241.2 million.

  • July 22, 2025

    Ore. Extends Brownfield Development Tax Breaks

    Oregon extended its program of local property tax incentives for brownfield development by six years under a bill signed by the governor.

  • July 21, 2025

    Tax-Lien Biz Atty Tells Jury He Didn't Seek To Dupe Lender

    Counsel for a former compliance lawyer accused of pilfering from a $20 million line of credit extended to his tax-lien investment firm told a Manhattan federal jury Monday that the defendant was "sloppy," but never intended fraud.

  • July 21, 2025

    Stadium Deal Still On Despite Trump Threat, DC Officials Say

    The mayor and City Council chair of Washington, D.C., said on Monday that they were focusing on their roles in approving the $3 billion plan for a new stadium for the NFL's Commanders, regardless of President Donald Trump's weekend threat to kill the deal if the team's racist former nickname was not brought back.

  • July 21, 2025

    Judge Allows Calif. Tribe In Casino Suit, Denies Dismissal Bid

    A California tribe at the center of a dispute over a decision to take 70 acres into trust for its proposed Sonoma County hotel and casino project can intervene in the litigation, a federal judge said, while finding that the Indigenous nation cannot dismiss the case based on sovereign immunity.

Expert Analysis

  • Criminal Enforcement Considerations For Gov't Contractors

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    Government contractors increasingly exposed to criminal liability risks should establish programs that enable detection and remediation of employee misconduct, consider voluntary disclosure, and be aware of the potentially disastrous consequences of failing to make a mandatory disclosure where the government concludes it was required, say attorneys at Crowell & Moring.

  • The Often Overlooked NY Foreclosure Notice Requirements

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    As multifamily real estate defaults mount, New York foreclosing parties should be aware of pitfalls and perils that can await the litigant who is not prepared to ensure adherence with tenant notice requirements under the Real Property Actions and Proceedings Law, say Christopher Gorman and John Muldoon at Rosenberg & Estis.

  • A Case Study For Calif. Cities In Water Utility Takeovers

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    With growing water scarcity and drier weather looming, some local governments in California have sought to acquire investor-owned water utilities by eminent domain — but the 2016 case of Claremont v. Golden State Water is a reminder that such municipalization attempts must meet certain statutory requirements, say attorneys at Nossaman.

  • Lower Courts May Finally Be Getting The Memo After Ciminelli

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    A year after the U.S. Supreme Court again limited prosecutors' overbroad theories of fraud in Ciminelli v. U.S., early returns suggest that the message has at least partially landed with the lower courts, spotlighting lessons for defense counsel moving forward, says Kenneth Notter at MoloLamken.

  • A Framework For Investigating Commercial Loan Fraud

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    As commercial loan transactions are increasingly subject to sophisticated fraud schemes, lenders must adopt dynamic strategies to detect, investigate and mitigate these schemes, say attorneys at Baker Donelson.

  • Yellow Corp. Lease Assumption Shows Landlord Protections

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    Yellow Corp.’s recent filing of a motion to assume unexpired leases is a helpful reminder to practitioners to maintain a long-term approach about what is most beneficial for an estate and to not let a debtor's short-term cash position dictate business decisions, says Kyle Arendsen at Squire Patton.

  • How A Bumblebee Got Under Calif. Wildlife Regulator's Bonnet

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    A California bumblebee's listing as an endangered species could lead to a regulatory quagmire as California Department of Fish and Wildlife permits now routinely include survey requirements for the bee, but the regulator has yet to determine what the species needs for conservation, says David Smith at Manatt.

  • The Clock Is Ticking For Fla. Construction Defect Claims

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    Ahead of the fast-approaching July 1 deadline for filing construction defect claims in Florida, Sean Ravenel at Foran Glennon discusses how the state's new statute of repose has changed the timeline, and highlights several related issues that property owners should be aware of.

  • It's Time To Defuse The Ticking Time Bomb Of US Landfills

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    After recent fires at landfills in Alabama and California sent toxic fumes into surrounding communities, it is clear that existing penalties for landfill mismanagement are insufficient — so policymakers must enact major changes to the way we dispose of solid waste, says Vineet Dubey at Custodio & Dubey.

  • Ohio Tax Talk: The Legislative Push For Property Tax Relief

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    As Ohio legislators attempt to alleviate the increasing property tax burden, four recent bills that could significantly affect homeowners propose to eliminate replacement property tax levies, freeze property taxes for longtime homeowners, adjust homestead exemptions annually for inflation, and temporarily expand the homestead exemption, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.

  • Tips For Advising CRE Owners Affected By Houston Storms

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    As Houston residents begin the arduous process of recovery after this month's devastating storms, attorneys should guide commercial real estate owners and managers toward immediate action under their insurance coverage to facilitate restoration and a return to normalcy, says Justin Ratley at Munsch Hardt.

  • How Real Estate Cos. Can Protect Their IP In The Metaverse

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    The rise of virtual and augmented reality creates new intellectual property challenges and opportunities for real estate owners, but certain steps, including conducting a diligence investigation to develop an understanding of current obligations, can help companies mitigate IP issues in the metaverse, says George Pavlik at Levenfeld Pearlstein.

  • Ga. Law Creates Challenges For Foreign Ownership Of Land

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    Under Georgia's new law limiting certain foreign possessory interests in agricultural land and land near military properties, affected foreign persons and entities will need to do significantly more work in order to ensure that their ownership remains legal, say Nellie Sullivan and Lindsey Grubbs at Holland & Knight.