Commercial
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July 18, 2025
San Francisco Firm Advises Plan For Tallest West Coast Tower
Developer Hines has rolled out plans to build a 76-story tower that would stand as the tallest on the West Coast when complete, in a project guided by land use and real estate firm Reuben Junius & Rose LLP.
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July 18, 2025
NC Land Use Body Appeals Church Rezoning Ruling
A North Carolina county's governing body on Friday appealed a federal court's finding that it likely violated a religious land use law when it denied a church's request to rezone a parcel so it could build a new facility.
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July 18, 2025
Mass. Advocates Pitch Doubling Real Estate Transfer Fee
Massachusetts would double its real estate transfer fee to raise an estimated $300 million annually for affordable housing and climate mitigation efforts under legislation pitched to a state legislative panel by housing and environmental advocates.
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July 18, 2025
Miami Official Loses Appeal To Toss $63.5M Judgment
The Eleventh Circuit has dismissed Miami City Commissioner Joe Carollo's appeal of the $63.5 million judgment against him for targeting a pair of business owners after they supported a political opponent, finding that he prematurely filed the appeal and then failed to amend it.
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July 18, 2025
5 Firms Guide $3.5B Sale Of Power Plants In Pa. And Ohio
Power company Talen Energy Corp. will pay $3.5 billion for two power plants, one in Pennsylvania and the other in Ohio, in a deal with an estimated gross value of $3.8 billion adjusted for tax benefits, Talen has announced.
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July 18, 2025
Pa. Appellate Court Upholds Commercial Property Value
A Pennsylvania commercial property was properly reassessed by the city of Philadelphia, and the reassessment did not violate court precedent, a state appellate court affirmed.
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July 18, 2025
Taxation With Representation: Wachtell, Slaughter And May
In this week's Taxation With Representation, Blackstone pours billions into data centers and related infrastructure, Waters Corp. and Becton Dickinson look to form a new life sciences powerhouse, Reckitt sells 70% of its Essential Home business to private equity firm Advent, and Chevron completes its acquisition of Hess following a favorable arbitral award.
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July 18, 2025
Fried Frank Advises SL Green's $1B NYC Debt Fund
SL Green Realty Corp. announced that the office landlord has raised more than $1 billion for its opportunistic debt fund under Fried Frank Harris Shriver & Jacobson LLP's guidance, about half of which was committed by investors during the past week alone.
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July 18, 2025
Sidley-Led Stonepeak Plugs $1.3B Into Latham-Led PDG
Asia Pacific data center operator Princeton Digital Group, advised by Latham & Watkins LLP, on Friday revealed that it received a $1.3 billion investment from Sidley Austin LLP-led alternative investment firm Stonepeak to help support its continued expansion.
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July 17, 2025
Calif. Tribe Renews $700M Casino Suit With Lobbying Claim
A D.C. federal judge will let a California tribe amend its suit against the U.S. Department of the Interior for axing its eligibility to run a proposed $700 million casino on new claims that a competing tribe successfully orchestrated a politically influential lobbying campaign.
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July 17, 2025
NC Justices Urged To Let Property Foreclose In Debt Fight
A company on the cusp of wrapping up the foreclosure sale of a Cornelius, North Carolina, land tract that is planned to be part of a larger mixed-use development has implored the state Supreme Court not to temporarily stay the sale.
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July 17, 2025
Prologis Touts Future Leases After 'Maximum Uncertainty' Q1
Executives with industrial real estate investment trust Prologis said they're seeing signs of increasing demand with a leasing pipeline at a historic high, despite the "maximum uncertainty" that followed President Donald Trump's tariff announcements in April.
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July 17, 2025
Fla. Judge Rejects US Service Members' Timeshare Claims
A Florida federal judge sided with Holiday Inn Club Vacations Inc. and its timeshare financier on Thursday in a putative class action by two U.S. Air Force members alleging that their timeshare loan contracts violated the Military Lending Act.
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July 17, 2025
Mass. Appeals Court Affirms Toss Of Cell Tower Challenge
A Massachusetts intermediate appellate court affirmed the dismissal of a challenge to permits for a cell tower in the town of Essex, in an unpublished decision Wednesday.
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July 17, 2025
Tarter Krinsky Adds Real Estate Atty To New Texas Office
Tarter Krinsky & Drogin LLP has added a commercial real estate attorney who joined the firm from private practice following several stints of working with the firm on a contractual basis.
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July 17, 2025
Mass Deportations Could Raise Insurance Costs, Profs Say
The Trump administration's mass deportation program could increase costs for insurance carriers and homeowners by reducing the number of undocumented immigrants so critical to the construction industry, business and insurance professors say.
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July 17, 2025
Firm Named Lead Counsel For REIT Securities Fraud Class
The Rosen Law Firm PA will serve as lead counsel for a proposed class of Sun Communities investors who claim the real estate investment trust failed to disclose that its CEO received a loan from a board member's relatives.
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July 17, 2025
Equinix OKs $41.5M Settlement Of Capital Spending Claims
Data center developer Equinix has agreed to pay $41.5 million to settle class claims from a pension fund saying the company mislabeled spending on maintenance expenses over a five-year period to earn executives bonuses of $150 million.
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July 17, 2025
Minn. Property Tax Appeals Tossed For Lack Of Disclosures
Property tax appeals by three partnerships in Minnesota were dismissed by the state's tax court because the partnerships failed to provide the income and expense information required before making an appeal.
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July 17, 2025
Real Estate Finance Pro Returns To ArentFox Schiff In NY
ArentFox Schiff LLP has added a real estate finance partner in New York from Greenspoon Marder LLP who returns to the firm after seven years away, the firm announced this week.
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July 16, 2025
Sidley Guides Starwood Property Trust's $2.2B Net Lease Deal
Sidley Austin LLP and Latham & Watkins LLP are advising Starwood Property Trust Inc. 's $2.2 billion acquisition of net lease real estate operating platform Fundamental Income Properties LLC, according to an announcement made Wednesday.
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July 16, 2025
Chinese Investors' EB-5 Fraud Claims Dismissed
A Delaware federal judge has tossed a proposed class action lodged by Chinese investors claiming they were defrauded in a failed EB-5 hotel investment tied to a San Francisco property, finding that the investors' claims are time-barred and that the court lacks jurisdiction.
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July 16, 2025
Attys Tout 3 Real Estate Investment Wins In Federal Budget
Real estate investors can breathe a collective sigh of relief seeing the final version of the "One, Big, Beautiful Bill Act" that President Donald Trump signed into law this month, as it is largely favorable to the industry and keeps several much-admired tax breaks alive.
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July 16, 2025
Holland & Knight Guides $550M Seattle Overleverage Venture
Holland & Knight LLP advised the launch of Keelbase Capital, a venture to invest some $550 million in Seattle-area properties that are overleveraged, the real estate investment firm said in a Wednesday announcement.
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July 16, 2025
Related Nets $46M Loan For NY Residential Development
Related Companies obtained a $46.2 million senior secured loan for its 1,200-acre residential community project in Tuxedo, New York, the lender announced Wednesday.
Expert Analysis
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Contractor Remedies Amid Overhaul Of Federal Spending
Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.
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Contract Disputes Recap: Terminations Galore
Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.
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Making The Opportunity Zones Program Great At Last
As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.
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Investor Essentials For Buying Federally Owned Property
Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.
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How 2025 Is Shaping The Future Of Bank Mergers So Far
Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.
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Why NY May Want To Reconsider Its LLC Transparency Law
Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.
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How GSA Lease Clauses May Affect DOGE Terminations
The Department of Government Efficiency has begun to cut the U.S. General Services Administration's enormous real estate portfolio, but some standard lease clauses include limits helpful to landlords that may slow progress toward the administration's cost-cutting goals, say attorneys at Pillsbury.
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What SDNY Judge Can And Can't Do In Adams Case
The federal judge in the Southern District of New York overseeing the criminal case against New York City Mayor Eric Adams deferred making a decision on the government's motion to dismiss the indictment, and while he does have limited authority to deny the motion, that would ultimately be a futile gesture, says Ethan Greenberg at Anderson Kill.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
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Nippon Order Tests Gov't Control Over Foreign Investments
The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.
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A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.