Commercial
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November 21, 2025
Feds Aim To Put Sackett Into Practice With New Water Rules
After the U.S. Supreme Court's 2023 ruling in Sackett v. EPA set new boundaries for which bodies of water are subject to federal oversight, the Trump administration is rolling out rulemaking to put into effect the court's more limited vision.
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November 21, 2025
Overwatch Capital, Idemitsu Reveal AI Data Center Partnership
Investment platform Overwatch Capital and Japanese energy company Idemitsu Kosan Co. Ltd. will work together to build "next-generation, energy-resilient AI data centers" in Utah, Georgia, Texas, Illinois, Nevada, South Carolina, Pennsylvania, Ohio, Arizona and Colorado, Overwatch said on Thursday.
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November 20, 2025
Subletting Co. Settles NYC's Illegal STR 'Matchmaker' Claims
A subletting company has agreed to resolve claims that it was used as a "'matchmaker'" of sorts for advertising and setting up illegal short-term rentals in New York City, the Mayor's Office of Special Enforcement announced.
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November 20, 2025
NoMo SoHo Hotel Owner Seeks $125M Sale In Ch. 11
A New York bankruptcy judge agreed Thursday to approve sale procedures for the insolvent owner of the NoMo SoHo Hotel in Manhattan, setting it on a path to wrap up the process in just 20 days.
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November 20, 2025
NC Hotel Owner Says Insurer Botched Tornado Damage Claim
An insurer failed to conduct a meaningful investigation of a North Carolina hotel's claim for tornado damage, the property owner alleged in a suit removed to federal court, saying the insurer issued a "puzzling" coverage denial referencing damage at a property 150 miles away and a workplace injury in Florida.
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November 20, 2025
Phillips 66 Loses Appeal Of La. Refinery's $1 Billion Value
Phillips 66 cannot use the sale of a refinery in another state in its arguments for lowering the $1 billion assessment of a refinery in Louisiana, a state appeals court said, rejecting the company's appeal of the valuation.
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November 20, 2025
NY Plans 2,000 Homes For 46-Acre Queens Project
The New York State Public Authorities Control Board has greenlit a 46.5-acre redevelopment plan that aims to build more than 2,000 new homes on "largely vacant and underutilized" state-owned land in eastern Queens, the governor announced Thursday.
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November 20, 2025
Chinese Developer Has A Week To Reply To Involuntary Ch. 11
Xinyuan Real Estate, a developer based in Beijing, has until next Wednesday to respond to an involuntary bankruptcy petition that three of its creditors brought in April alleging the company is in default on $170 million in note debt, a judge in New York ruled Thursday.
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November 20, 2025
2nd Circ. Nixes REIT's CLO Fund Mismanagement Claims
The Second Circuit has backed the dismissal of mismanagement and fraud counterclaims lodged by a real estate investment trust and its subsidiary in a dispute involving a collateralized loan-obligation investment fund, ruling that related agreements for the fund don't support their counterclaims.
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November 20, 2025
Husch Blackwell Adds Jackson Walker RE Pro In Texas
Husch Blackwell LLP announced Thursday that it is continuing to expand its national real estate practice with the addition of an attorney in Austin, Texas, who came aboard from Jackson Walker LLP.
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November 20, 2025
Ore. Tax Court Slashes Health Club Property Value By $1M
An Oregon health club that was under renovation was overvalued by a local assessor and should have its value decreased by roughly $1 million, the state tax court said in a decision.
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November 20, 2025
Congressional Dems Revive Bill To Curb Rental Price-Fixing
A group of Democratic lawmakers have reintroduced legislation in Congress to crack down on landlords using algorithms to systematically raise rental prices.
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November 20, 2025
IRS Unveils Interim Rules For Tax Perk For Rural Loan Interest
The IRS released temporary guidance Thursday on a new incentive that would exclude from taxable income 25% of interest from loans secured by a rural or agricultural property, including the definition of an eligible loan and the determination of the property's fair market value.
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November 19, 2025
Would REITs Seize On Semiannual Reporting?
As the U.S. Securities and Exchange Commission preps a rulemaking to relax quarterly reporting mandates, attorneys say numerous factors — including market adoption and investor and analyst pressure — would ultimately determine whether real estate investment trusts report less frequently.
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November 19, 2025
Barings, Waterton Recapitalize Wyoming, Vermont Hotels
Investment manager Barings and real estate investment company Waterton partnered up in a joint venture to recapitalize Waterton's 165-key Wyoming hotel and its 76-key Vermont hotel, the companies announced Wednesday.
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November 19, 2025
Comras Buys Lincoln Road Portfolio, Plans Micro-District
Comras Co. announced on Wednesday it has acquired five buildings on the north side of Miami Beach's Lincoln Road pedestrian mall and unveiled plans to redevelop the portfolio into a "NoLi" micro-district of boutiques, restaurants, and wellness and lifestyle concepts.
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November 19, 2025
Cannabis REIT Innovative Industrial Hit With New Investor Suit
A shareholder for cannabis-focused real estate investment trust Innovative Industrial Properties Inc. accused the REIT's current and former executives Wednesday of not telling shareholders about how poorly several of the its largest tenants were doing.
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November 19, 2025
Blue Vista, UBS, Extra Space Start $600M Self-Storage Venture
Blue Vista Capital Management, Extra Space Storage and UBS' real estate business have teamed up to invest $600 million in self-storage properties in the U.S., with guidance by Kirkland & Ellis, Womble Bond Dickinson and DLA Piper, according to a Wednesday announcement.
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November 19, 2025
Law Firms' Share Of US Office Leasing Grows To 10.5%
The legal sector's presence in the broader U.S. office leasing market grew to 10.5% in the third quarter — over double what it was about seven years ago — with Moore & Van Allen PLLC and Latham & Watkins LLP signing three of the biggest deals, according to a Wednesday report from Savills.
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November 19, 2025
Trump Agrees To Year-End Pause On Painting Historic Office
The Trump administration agreed not to act before the end of the year on a plan by President Donald Trump to coat a historic stone office building in white paint after preservationists sued in federal court last week to stop the proposal.
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November 19, 2025
Realty Investor MLG Capital Names Associate GC, CCO
Commercial real estate investment company MLG Capital announced it has hired the deputy general counsel of ACA Group, a financial compliance services company, as its new associate general counsel and chief compliance officer.
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November 19, 2025
Brookfield Launches $100 Billion AI Infrastructure Program
Brookfield Asset Management said Wednesday it is working with Nvidia and the Kuwait Investment Authority on a program to acquire up to $100 billion worth of infrastructure assets supporting artificial intelligence technology.
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November 19, 2025
MVP: Latham's Rachel S.K. Bates
Rachel Bates of Latham & Watkins LLP was the lead real estate counsel guiding Hyatt Hotels Corp. through multiple multibillion-dollar transactions and also worked on one of the year's biggest deals as Bridge Investment Group sold to Apollo Global Management for $1.5 billion, earning her a spot as one of the 2025 Law360 Real Estate MVPs.
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November 19, 2025
3 Firms Build $450M Blockfusion SPAC Merger
Data center infrastructure company Blockfusion USA Inc. on Wednesday unveiled plans to go public by merging with special purpose acquisition company Blue Acquisition Corp. in a $450 million deal that was built by three law firms.
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November 19, 2025
Weil Guides Dycom On $2B Data Center Contractor Deal
Weil Gotshal & Manges LLP is advising Dycom Industries Inc. on its planned acquisition of Power Solutions, in a deal that values the Miles & Stockbridge PC-advised data center electrical contractor at $1.95 billion, according to a Wednesday announcement.
Expert Analysis
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2 NY Cases May Clarify Foreclosure Law Retroactivity
Two pending cases may soon provide the long-awaited resolution to the question of whether retroactive application of the New York Foreclosure Abuse Prevention Act violates the state Constitution, providing a guide for New York courts inundated with motions in foreclosure and quiet title actions, says Fernando Rivera Maissonet at Hinshaw & Culbertson.
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A Look At Florida's New Protected Series LLC Legislation
A new law in Florida enhances the flexibility of using limited liability companies as the entities of choice for most privately held businesses, moving Florida into a small group of states with reliable uniform protected series legislation for series LLCs, says Louis Conti at Holland & Knight.
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How Trump's Trade Policies Are Shaping Foreign Investment
Five months into the Trump administration, investors are beginning to see the concrete effects of the president’s America First Investment Policy as it presents new opportunities for clearing transactions more quickly, while sustaining risk aversion related to Chinese trade and potentially creating different political risks, say attorneys at Covington.
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Bill Leaves Renewable Cos. In Dark On Farmland Reporting
A U.S. Senate bill to update disclosure requirements for foreign control of U.S. farmland does not provide much-needed guidance on how to report renewable energy development on agricultural property, leaving significant compliance risks for project developers, say attorneys at Hodgson Russ.
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Observations On 5 Years Of Non-Notified CFIUS Inquiries
Since 2020, the Committee on Foreign Investment in the United States has identified and investigated covered cross-border transactions not formally notified to CFIUS, and a look at data from 50 non-notified matters during that time reveals the general dynamics of this enforcement function, say attorneys at Cooley.
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How States Are Taking The Lead On Data Center Regulation
While support for data center growth is a declared priority for the current administration, federal data center policy has been slow to develop — so states continue to lead in attracting and regulating data center growth, say attorneys at Steptoe.
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Texas Bill Could Still Boost Property Rights In Gov't Disputes
The passage of a bill in Texas that would provide litigants with access to a greater swath of judicial remedies in immunity disputes with government entities and officials would be an invaluable boon for property rights, says Nathan Vrazel at Munsch Hardt.
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Indemnity Lessons From Mass. Construction Defect Ruling
The Massachusetts high court's decision in Trustees of Boston University v. CHA, holding that a bespoke contractual indemnity provision means that a construction defect claim is not subject to Massachusetts' statute of repose, should spur design and construction professionals to negotiate limited provisions, says Christopher Sweeney at Conn Kavanaugh.
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4 Strategies For De-Escalating Hospitality Industry Disputes
As recent uncertainty in the travel business exacerbates the risk of conflict in the hospitality sector, industry in-house counsel and their outside partners should consider proactive strategies aimed at de-escalating disputes, including preserving the record, avoiding boilerplate clauses and considering arbitration, say Randa Adra at Crowell and Stephanie Jean-Jacques at Hyatt.
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SEC Signals Opening For Private Fund Investment Reform
At SEC Speaks in late May, the U.S. Securities and Exchange Commission made clear that it's considering allowing registered funds of private funds to be offered broadly to true retail investors, meaning existing funds should review their disclosures focusing on conflicts of interest, liquidity and fees, say attorneys at Stradley Ronon.
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Unicoin Case Reveals SEC's Evolving Enforcement Posture
The U.S. Securities and Exchange Commission's recent fraud allegations against cryptocurrency company Unicoin send a clear message that while the Trump administration supports digital asset development, it will act decisively against deception, inflated valuations and false assurances, says David Zaslowsky at Baker McKenzie.
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Opportunity Zone Revamp Could Improve The Program
If adopted, the budget bill's new iteration of the opportunity zone program could renew, refine and enhance the effectiveness and accountability of the original program by including structural reforms, expanded eligibility rules and incentives for rural investment, say attorneys at Pillsbury.
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Review Risk Is Increasing For Foreign Real Estate Developers
Federal and state government efforts have been expanding oversight of foreign investment in U.S. real estate, necessitating careful assessment of risk and of the benefits of notifying the Committee on Foreign Investment in the United States, say attorneys at Troutman.