Commercial

  • July 02, 2025

    Legal Sector Sees Record Leases As Firms Eye Premium Digs

    Law firm office leasing is off to a red-hot start in 2025, signaling "a long-term commitment to high-quality real estate" in the legal sector even as other industries have reduced their office footprints due to technology and pandemic-driven disruptions, according to a new report.

  • July 02, 2025

    Fried Frank Guides Industrial Portfolio Recapitalization

    Real estate investment firm and developer Crow Holdings, advised by Fried Frank Harris Shriver & Jacobson LLP, recapitalized a 6 million-square-foot, 25-property industrial portfolio with Blackstone-affiliated funds, according to a Tuesday announcement from Newmark Group, which provided guidance for the recapitalization.

  • July 02, 2025

    Norton Rose Hires K&L Gates Real Estate Ace In LA

    Norton Rose Fulbright is building on its California footprint, announcing Wednesday it is bringing in a K&L Gates LLP real estate pro as a partner in its Los Angeles office.

  • July 02, 2025

    Investor Says Houston Apt. Owner Diverted $17M In Proceeds

    An investor controlled by bridge lender KHCA Funding LLC has filed suit against the owner and operator entities of a multifamily building in Houston, alleging that $17.6 million in investment proceeds it was due were improperly diverted elsewhere by the company.

  • July 02, 2025

    What '80s Rock Tells Us About Commercial Real Estate Today

    In its 1980s hit "Here I Go Again," recorded three times over a period of five years, the rock group Whitesnake declares: "I don't know where I'm going, but I sure know where I've been."

  • July 01, 2025

    8 NYC Casino Applicants Meet Deadline For Key Licenses

    A series of multibillion-dollar applications rolled in ahead of a June deadline for the three coveted casino licenses up for grabs in New York, with prospective developers promising millions for infrastructure upgrades, housing development and other community needs.

  • July 01, 2025

    Detention Center Owner GEO Spends $60M On Calif. Facility

    The GEO Group, an owner and operator of detention centers, said Tuesday it has struck a deal to buy a facility it leases in San Diego from an affiliate of investment firm Holland Partners Group for $60 million.

  • July 01, 2025

    US Trustee Questions Good Faith Of Bedmar Ch. 11 Filing

    The federal bankruptcy watchdog moved to dismiss the Chapter 11 case of the property-lease holding subsidiary of pharmaceutical manufacturing company National Resilience HoldCo Inc. late Monday, saying in Delaware court filings that the petition wasn't filed in good faith.

  • July 01, 2025

    White And Williams Atty Named Pashman Stein RE Co-Head

    Pashman Stein Walder Hayden PC announced Tuesday that an experienced New Jersey-based attorney has joined the firm from White and Williams LLP as a partner and the co-chair of its commercial real estate practice.

  • July 01, 2025

    South African Investors Say Ga. Atty Kept Escrowed Funds

    Four companies whose members are South African real estate investors have accused a now-disbarred Georgia attorney and his law firm in Georgia federal court of refusing to return funds he agreed to receive, hold and disburse on their behalf.

  • July 01, 2025

    King & Spalding Adds Alston & Bird Partner To Atlanta Office

    King & Spalding has announced it hired a new partner from Alston & Bird who will join its real estate and funds team in Atlanta.

  • July 01, 2025

    Blackstone Can Raise Bid Amid Rival Offer For UK Investor

    Blackstone said Tuesday it is examining whether to table a new bid for Warehouse REIT, a logistics investor based in the U.K., after its takeover target agreed to a £485.2 million ($668.2 million) deal with rival Tritax in June.

  • June 30, 2025

    Newsom Signs CEQA Reform, Aiming To Ease Housing Crisis

    California Gov. Gavin Newsom on Monday evening signed into law two bills overhauling the state's landmark environmental law to knock down hurdles to new development in an effort to address the state's ongoing housing shortage.

  • June 30, 2025

    Aspen Hotel Investor Can't Get 2nd Go In $1M Fraud Suit

    A Colorado federal judge on Monday dismissed the bulk of claims against a luxury hotel owner accused of stealing more than $1.3 million from a former investment partner, ruling that the claims have already been litigated in New York state court.

  • June 30, 2025

    NJ Lawmakers OK Tax Hikes On Online Gambling, Cigarettes

    New Jersey lawmakers approved tax increases Monday on cigarettes, online gambling and certain property sales of more than $2 million alongside a $58.8 billion budget plan that also provides property tax credits for senior citizens.

  • June 30, 2025

    Alaskan Tribe Found Immune In Residents' Casino Fight

    A federal judge has found that the Native Village of Eklutna is a required party in a lawsuit by Anchorage residents who oppose the construction of a 58,000-square-foot casino, but has simultaneously ruled the tribe can't be joined in the litigation due to its sovereign immunity.

  • June 30, 2025

    Developers File $11.1B Plan In Biggest NYC Casino Pitch

    Developers Soloviev Group and Mohegan have submitted an $11.1 billion pitch for a vacant lot known as Freedom Plaza on the east side of Manhattan in the priciest bid to New York officials for one of three open downstate gaming licenses.

  • June 30, 2025

    Fla. Court Declines To Ax $70M 'Usurious' High-Rise Loan Suit

    A Florida federal bankruptcy judge Monday declined to toss a Chapter 11 adversary lawsuit claim that a lender attempted to take ownership of a prized high-rise lot in downtown Miami through a "usurious" $70 million loan default, allowing parties to reargue their positions after an amended complaint was filed.

  • June 30, 2025

    Rite Aid Cleared To Sell Thrifty Ice Cream For $19.2M In Ch. 11

    National pharmacy chain Rite Aid can sell its ice cream brand Thrifty for $19.2 million, more than doubling the opening price of a Chapter 11 auction, after a New Jersey bankruptcy judge on Monday rejected a losing bidder's request to reopen the auction.

  • June 30, 2025

    Ill. Court Refuses To Slash Corp. Center's $37M Valuation

    Two Illinois office buildings and a parking facility were correctly valued at $37 million, a state appeals court ruled Monday, rejecting the property owner's claim that the state's tax board relied on inadmissible appraisal evidence.

  • June 30, 2025

    Bankrupt NJ Office Building Has $21.5M Stalking Horse Bidder

    Bankrupt New Jersey office building owner Viewstar LLC, owned by New York developer Moshe Gold, informed an Empire State bankruptcy court that it has received a stalking horse bid of $21.5 million from K&K Developers Inc.

  • June 30, 2025

    Cox Castle Guides Barings On Atlanta, Houston Industrial Refi

    Cox Castle & Nicholson LLP advised investment manager Barings in providing a combined $136.5 million in refinancing for a pair of industrial properties owned by Centris Industrial.

  • June 30, 2025

    JLL Wraps Up $252M Industrial Portfolio Financing Deal

    JLL Capital Markets lined up a five-year, floating rate $252.5 million financing loan for a "light industrial, mission critical" portfolio that has 21 properties that take up 3.64 million square feet in total, JLL announced Monday.

  • June 30, 2025

    Hyatt Selling Playa Real Estate Portfolio For $2B

    Hyatt Hotels Corp. said Monday it has agreed to sell the real estate portfolio owned by Playa for $2 billion to Tortuga Resorts — a joint venture between an affiliate of private equity firm KSL Capital Partners and resort and hospitality company Rodina.

  • June 30, 2025

    McCarter & English Says Developer Estate Suit Is A Duplicate

    McCarter & English LLP and the estate of a deceased attorney should not have to face a new lawsuit over the alleged mismanagement of a Connecticut retail developer's trust because it seeks to "derail" a pending case that is already teed up for trial, the defendants told a state court.

Expert Analysis

  • How To Avoid A Costly CPA Limitation Hidden In Most Leases

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    The lease audit rights clause is a seemingly innocuous provision in most commercial real estate leases that ends up costing tenants millions of dollars each year, as they have unwittingly agreed to retain only an accountant to investigate and settle financial issues, says Jason Aster at KBA Lease Services.

  • Navigating FEMA Grant Program For Slope Fixes After Storms

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    In the aftermath of Hurricanes Helene and Milton, it is critical for governments, businesses and individuals to understand the legal requirements of the Federal Emergency Management Agency's grant programs to obtain funding for crucial repairs — including restoration of damaged infrastructure caused by landslides and slope failures, says Charles Schexnaildre at Baker Donelson.

  • Smith's New Trump Indictment Is Case Study In Superseding

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    Special counsel Jack Smith’s recently revised Jan. 6 charges against former President Donald Trump provide lessons for prosecutors on how to effectively draft superseding indictments in order to buttress or streamline their case, as necessary, says Jessica Roth at Cardozo Law School.

  • Consider Best Legal Practices For Commissioning Public Art

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    Commissioning public art for real estate projects can provide many benefits to real estate developers and the public, but it's important to understand the unique legal and contracting aspects of the process to ensure that projects are completed on time and on budget, says Sarah Conley Odenkirk at ArtConverge.

  • Applying High Court's Domestic Corruption Rulings To FCPA

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    After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.

  • Climate Among Many Factors Driving Up RE Insurance Costs

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    A proactive approach to risk management may determine the viability of the U.S. commercial real estate sector as weather crises and other factors drive insurance costs higher, says Ulrick Matsunaga at Crosbie Gliner.

  • Bid Protest Spotlight: Debriefings, Timeliness, Documentation

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    ​James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.

  • A Look At Recent Case Law On Expedited Judgment In NY

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    A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.

  • Dealmaker Lessons From CFIUS' New Enforcement Webpage

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    The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.

  • Reassessing Lease Provisions To Account For ESG Initiatives

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    As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.

  • Avoid Getting Burned By Agencies' Solar Financing Spotlight

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    Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.

  • Co-Tenancy Clause Pointers For Shopping Center Landlords

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    Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.

  • Assessing Algorithmic Versus Generative AI Pricing Tools

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    A comparison of traditional algorithmic pricing models and those powered by generative artificial intelligence can help regulators and practitioners weigh the pros and cons of relying on large language models to price products or services, say Maxime Cohen at McGill University, and Tim Spittle and Jimmy Royer at Analysis Group.