Commercial

  • April 03, 2024

    As EVs Catch On, Chargers May Be New Real Estate Standard

    Electric vehicle charging infrastructure isn't yet a prerequisite for a successful real estate development, but experts say it's speeding toward becoming as standard as Wi-Fi or ATMs, even in an environment of rapid-fire regulatory and technology change.

  • April 03, 2024

    Winston Real Estate Leader Eyes Uptick In Deal Volume

    In anticipation of multiple interest rate cuts from the Federal Reserve later this year, commercial real estate deal flow is likely to pick up in the near term, Winston & Strawn LLP's real estate leader told Law360 in an interview.

  • April 03, 2024

    2024 Proxy Fight Preview: Hotel Operator, Shops, Offices

    Every spring ushers in a new season of proxy fights between activist investors and boards of directors, and a handful of commercial property companies are in the midst of battles with dissatisfied shareholders, while the industry at large continues to face economic stressors.

  • April 02, 2024

    Lenders Notch Win In Tilting Manhattan Condo Loan Suit

    A New York appellate court on Tuesday dropped an Israeli bank and several claims from a thorny loan dispute brought by the developers behind a slanted, half-built Manhattan tower, months after a trial court judge greenlit the lenders' request to foreclose on the property.

  • April 02, 2024

    NY Appeals Court Nixes Sanctions In $195M Mezzanine Loan Row

    A New York state appeals court unanimously reversed $50,000 in sanctions against Friedman Kaplan Seiler Adelman & Robbins LLP on Tuesday in a dispute involving a $195 million mezzanine loan, ruling that the law firm's conduct during the suit wasn't frivolous under state law.

  • April 02, 2024

    Detroit Office Market Improving Somewhat In 2024, CBRE Says

    Detroit's office market showed some good signs in 2024's first quarter, with the city seeing nearly 50,000 square feet of positive net absorption and the downtown area showing positive net absorption for the first time since 2023's second quarter, according to a new report on Tuesday.

  • April 02, 2024

    McGuireWoods Guides $414M Loan Deal For Brooklyn Tower

    McGuireWoods LLP guided a mortgage loan deal in which an affiliate of real estate company The Brodsky Organization LLC borrowed $414.8 million from M&T Realty Capital Corp. for a 51-story, 858-unit Brooklyn residential tower, according to official property records.

  • April 02, 2024

    Berkeley Nixes Natural Gas Ban, But Shift To Electric Rolls On

    The city of Berkeley has agreed to unwind a ban on natural gas infrastructure in new construction under a deal with the California Restaurant Association, possibly foreshadowing a shift away from such bans and toward new incentive structures for electrification, attorneys say.

  • April 02, 2024

    Cemetery Owner Can't Sell Unused Land, NC Panel Rules

    The operator of two North Carolina cemeteries couldn't convince the state Court of Appeals to let her section off unused land for a potential sale, with a three-judge panel ruling Tuesday state law forbids her from transferring the property even if remains are not interred.

  • April 02, 2024

    King & Spalding Lands 3 Kasowitz Partners For Biz Litigation

    King & Spalding LLP announced Tuesday that it had hired three partners for its business litigation practice from Kasowitz Benson Torres LLP, including the co-chair of Kasowitz's real estate litigation practice group. 

  • April 02, 2024

    La. Property Owners, Insurers To Arbitrate Hurricane Claims

    A Hurricane Ida damage coverage dispute between seven New Orleans-area property owners and their insurers will be stayed pending arbitration, a Louisiana federal judge ruled, agreeing with the insurers that the policy's arbitration agreement is enforceable under the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

  • April 02, 2024

    NY Pot Biz Says Store Placement Rules Unconstitutional

    A marijuana company is suing the New York State Cannabis Control Board and Office of Cannabis Management, along with others, alleging rules restricting how close dispensaries can be to one another are too vague.

  • April 02, 2024

    WeWork Drops 150 Leases To Cut Rent Costs By $8B In Ch. 11

    Coworking company WeWork has agreed to exit 150 leases and restructure others to reduce its future rent payments by some $8 billion, saying the "significant milestone" paves the way for it to exit Chapter 11 by the end of May.

  • April 01, 2024

    Trump Posts $175M Bond, Pausing $465M Fraud Judgment

    Donald Trump on Monday posted a $175 million bond, ducking, for now, enforcement of a nearly $465 million civil fraud judgment against him and his businesses in the New York attorney general's case accusing them of defrauding banks and insurers.

  • April 01, 2024

    Health System Says $1B In Losses Dooms Beth Israel Hospital

    Mount Sinai Health System Inc. told a New York state court to let it go forward with its plans to shut down Mount Sinai Beth Israel Hospital, arguing that it reached its decision to close the Manhattan hospital "after a decade of mounting losses at MSBI amounting to over $1 billion."

  • April 01, 2024

    Baltimore Office Sector's Tenancy Decline Continues In Q1

    Baltimore's embattled office market saw occupancy rates dip for the fifth consecutive quarter, during which leasing activity was driven largely by government office lease renewals, per a report from CBRE.

  • April 01, 2024

    Justices Won't Review Mortgage Vehicles' Tax Break

    The U.S. Supreme Court declined Monday to take up a case from a group of whistleblowers who pressed for an Internal Revenue Service review of tax-exempt status for real estate mortgage investment conduits.

  • April 01, 2024

    Staten Island Firm Must Face Hostile Work Environment Claim

    A New York federal judge has partially dismissed an employment discrimination suit against a State Island law firm, nixing discrimination and retaliation claims brought by a Black former office manager while allowing claims over the firm's allegedly hostile work environment to proceed to trial.

  • April 01, 2024

    NYC Real Estate Week In Review

    Kriss & Feuerstein and Goldberg Weprin are among the law firms that worked on the largest New York City deals that hit public records last week, a period that included a pair of transactions for residential units at a Manhattan Fifth Avenue condo tower.

  • April 01, 2024

    Ore. Tax Court Upholds Nursing Home's $10.6M Valuation

    The owner of an Oregon nursing home did not present enough evidence to change the $10.6 million valuation found by a local assessor, the state tax court said.

  • April 01, 2024

    High Court Won't Hear Mass. Residents' Tribal Land Dispute

    The U.S. Supreme Court on Monday denied a petition by a group of Massachusetts residents seeking to reverse a ruling that allowed the Department of the Interior to take 321 acres into trust for the development of a billion-dollar tribal hotel and casino.

  • March 29, 2024

    Weed Investors' Money Shift Cost Co. Millions, Suit Says

    A Michigan entrepreneur has hit his ex-partner with a $5 million lawsuit, accusing him of wrecking plans to buy a 10-acre marijuana grow facility near Ann Arbor by poaching the lead investors so he could fund his own Colorado cultivation.

  • March 29, 2024

    Greenberg Traurig Reps MTA In Grand Central Restaurant Deal

    New York's Metropolitan Transportation Authority signed restaurant Tracks Raw Bar and Grill to a 10-year lease at the MTA's Grand Central Madison in a deal in which the MTA was represented by Greenberg Traurig LLP, the firm announced.

  • March 29, 2024

    Lender Attacks Bid To Nix Its Victory In 3M Campus Suit

    A lender urged a New York federal court to preserve its win over a loan guarantor accused of failing to make payments on $64 million in financing that was secured to fund a foreclosed 3M campus in Austin, Texas.

  • March 29, 2024

    NY Bar Assoc. Building Owner Says Ch. 11 Filings Legit

    The company that controls the historic New York County Lawyers Association Building in Manhattan has asked a New Jersey bankruptcy judge to reject a lender's motion to dismiss its Chapter 11 proceedings, asserting that the cases were not merely filed to halt a foreclosure sale.

Expert Analysis

  • Tackling Judge-Shopping Concerns While Honoring Localism

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    As the debate continues over judge-shopping and case assignments in federal court, policymakers should look to a hybrid model that preserves the benefits of localism for those cases that warrant it, while preventing the appearance of judge-shopping for cases of a more national or widespread character, says Joshua Sohn at the U.S. Department of Justice.

  • How Attorneys Can Help Combat Anti-Asian Hate

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    Amid an exponential increase in violence against Asian American and Pacific Islander communities, unique obstacles stand in the way of accountability and justice — but lawyers can effect powerful change by raising awareness, offering legal representation, advocating for victims’ rights and more, say attorneys at Gibson Dunn.

  • Congress Needs To Enact A Federal Anti-SLAPP Statute

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    Although many states have passed statutes meant to prevent individuals or entities from filing strategic lawsuits against public participation, other states have not, so it's time for Congress to enact a federal statute to ensure that free speech and petitioning rights are uniformly protected nationwide in federal court, say attorneys at Skadden.

  • As Sackett Trims Feds' Wetlands Role, States May Step Up

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    The U.S. Supreme Court's recent decision in Sackett v. U.S. Environmental Protection Agency extinguishes federal authority over many currently regulated wetlands — meaning that federal permits will no longer be required to discharge pollutants in affected areas, but also that state regulators may take a more active role, say attorneys at Kelley Drye.

  • Some Client Speculations On AI And The Law Firm Biz Model

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    Generative artificial intelligence technologies will put pressure on the business of law as it is structured currently, but clients may end up with more price certainty for legal services, and lawyers may spend more time being lawyers, says Jonathan Cole at Melody Capital.

  • Trafficking Ruling Offers Liability Lessons For Hospitality Cos.

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    A California federal court recently dismissed a lawsuit accusing several national hotel chains of knowingly benefiting from sex trafficking at their premises, highlighting how hospitality leaders can protect their guests and staff, and shield their companies from liability and reputational damage, says Danielle Dudai at Hall Booth.

  • A Lawyer's Guide To Approaching Digital Assets In Discovery

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    The booming growth of cryptocurrency and non-fungible tokens has made digital assets relevant in many legal disputes but also poses several challenges for discovery, so lawyers must garner an understanding of the technology behind these assets, the way they function, and how they're held, says Brett Sager at Ehrenstein Sager.

  • High Court's Ethics Statement Places Justices Above The Law

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    The U.S. Supreme Court justices' disappointing statement on the court's ethics principles and practices reveals that not only are they satisfied with a status quo in which they are bound by fewer ethics rules than other federal judges, but also that they've twisted the few rules that do apply to them, says David Janovsky at the Project on Government Oversight.

  • What's Unique — And What's Not — In Trump Protective Order

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    A Manhattan judge's recent protective order limiting former President Donald Trump's access to evidence included restrictions uniquely tailored to the defendant, which should remind defense attorneys that it's always a good idea to fight these seemingly standard orders, says Julia Jayne at Jayne Law.

  • Time For Law Schools To Rethink Unsung Role Of Adjuncts

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    As law schools prepare for the fall 2023 semester, administrators should reevaluate the role of the underappreciated, indispensable adjunct, and consider 16 concrete actions to improve the adjuncts' teaching experience, overall happiness and feeling of belonging, say T. Markus Funk at Perkins Coie, Andrew Boutros at Dechert and Eugene Volokh at UCLA.

  • Justices Curb Fraud Theories, But That May Not Deter Feds

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    The U.S. Supreme Court’s opinions last week in Ciminelli v. U.S. and Percoco v. U.S. are the latest in a line of rulings aiming to limit the wire fraud statute’s application to state public corruption cases, but federal prosecutors will probably continue pursuing such cases using different charging language and other laws, says ​​​​​​​Alison Anderson at Boies Schiller.

  • Good Faith Buyer Lessons From 5th Circ. Bankruptcy Ruling

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    The Fifth Circuit’s recent ruling in Palm Springs II, affirming the sale of property to a senior lender, is notable for its guidance on Section 363(m), including the ability of a senior lender to remain a good faith purchaser despite squeezing out a junior lender, says Shane Ramsey at Nelson Mullins.

  • Tips For In-House Legal Leaders In A Challenging Economy

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    Amid today's economic and geopolitical uncertainty, in-house legal teams are running lean and facing increased scrutiny and unique issues, but can step up and find innovative ways to manage outcomes and capitalize on good business opportunities, says Tim Parilla at LinkSquares.