Commercial
-
May 12, 2025
Dentons Hires Veteran Real Estate Partner In NYC
Dentons has hired a veteran real estate attorney, who has represented clients such as developers and property owners in real estate projects for more than a decade, for a partner role in one of its New York offices, the firm announced Monday.
-
May 12, 2025
9th Circ. Questions Vegas Casino Room Rate Claims
A skeptical Ninth Circuit panel had questions Monday for guests accusing Las Vegas casino-hotel operators of using the same software to inflate room rates about what they need to show for their algorithmic pricing claims to survive.
-
May 12, 2025
Kraft Heinz, IPS Head To Trial Over $12.5M Project Dispute
Neither Kraft Heinz Co. nor contractor Industrial Power Systems Inc. can avoid continuing toward a trial in their dispute over cost and time overruns on a $12.5 million project to upgrade an Ohio production facility, after a federal judge denied both sides' motions for summary judgment Monday.
-
May 12, 2025
Calif. Tribe Can't Halt Decision On $700M Casino, Feds Say
The U.S. Department of the Interior has urged a D.C. federal court to reject a California tribe's bid to temporarily block the department's decision to rescind gambling eligibility for a $700 million casino project.
-
May 12, 2025
Real Estate Attorney On Going In-House And Back Again
For a real estate attorney, Nick Buehner has had an unconventional career path, from flipping houses with his father in high school to landing an in-house role at a prominent developer, where he worked, briefly, on a dazzling Austin skyscraper that now houses Google.
-
May 12, 2025
Will Justices Finally Rein In Universal Injunctions?
The U.S. Supreme Court is expected to address for the first time Thursday the propriety of universal injunctions, a tool federal judges have increasingly used to broadly halt presidential orders and policy initiatives, and whose validity has haunted the high court's merits and emergency dockets for more than a decade.
-
May 12, 2025
Akin Adds Ex-Mayer Brown Real Estate Funds, M&A Partners
Former Mayer Brown LLP partners Wendy Dodson Gallegos and Jason Wagenmaker have moved to Akin Gump Strauss Hauer & Feld LLP to advise the firm's real estate fund formation and mergers and acquisitions practices, according to a Monday announcement.
-
May 12, 2025
Bradley Arant Faces DQ Bid In Georgia Mall Rent Dispute
A mall has urged a Georgia federal judge to disqualify Bradley Arant Boult Cummings LLP from representing a tenant in an unpaid rent dispute, arguing that the law firm has a conflict of interest because it has represented the mall's sister corporation in similar litigation.
-
May 12, 2025
Blackstone, King Street-Backed Firm Close $925M Debt Fund
Colovore, an artificial intelligence data center operator backed by investment firm King Street Capital Management, said Monday that it has raised $925 million in financing from Blackstone funds for new development projects.
-
May 12, 2025
Blackstone Gets More Time For Warehouse REIT Offer
Britain's mergers and acquisitions watchdog has handed the U.S. private equity shop Blackstone more time to make a firm offer for Warehouse REIT, the U.K. company said Monday, after Blackstone reduced its £489 million ($646 million) price tag for the real estate investor.
-
May 09, 2025
NY Developer Denied More Time To Pay SEC $229M Settlement
A New York federal judge denied a motion by a real estate developer and his wife to extend the deadline for a $229.6 million payment required under a consent judgment with the SEC to settle claims they had schemed to raise money from hundreds of Chinese investors using false statements.
-
May 09, 2025
New Orleans Wants Out Of Airbnb's Short-Term Rentals Suit
New Orleans urged a Louisiana federal court on Friday to toss a suit brought by Airbnb Inc. and multiple property owners challenging several of the city's short-term rental ordinances.
-
May 09, 2025
Vanbarton Plans Resi Conversion Of NYC Catholic Office
Real estate firm Vanbarton Group has submitted plans for a residential conversion of the Archdiocese of New York's former Midtown East headquarters building, according to documents filed this week.
-
May 09, 2025
Invcesco REIT Closes First CRE-CLO Fund With $1.2B
An Invesco real estate investment trust said Friday that it closed its first commercial real estate collateralized loan obligation at $1.2 billion, secured by a mix of multifamily and industrial loans.
-
May 09, 2025
Seritage Shareholder Sues Over $325M Portfolio Value Loss
The current and former leadership of Seritage Growth Properties was hit with a derivative shareholder suit in New York federal court, alleging the real estate company's executives caused Seritage's stock value to drop by failing to fix deficient financial reporting and devaluing its portfolio by $325 million.
-
May 09, 2025
NY Developer Cops To Stealing $13M From Investors
A real estate developer pled guilty in New York federal court Friday to using sham projects to solicit $13 million from investors to make up for a downturn in legitimate business.
-
May 09, 2025
Lucosky Brookman Faces Malpractice Suit Over NYC Site Sale
Lucosky Brookman LLP, a boutique corporate finance and securities firm, was hit with a malpractice suit in New Jersey state court by a former client alleging the firm failed to warn it about a decades-old agreement that would restrict its ability to build on a New York City site.
-
May 09, 2025
Shutts & Bowen Eyes Sanctions Over Country Club Sale Suit
Florida firm Shutts & Bowen LLP is continuing its pushback against a real estate corporation's malpractice lawsuit alleging it sank the sale of a country club, this time serving a motion for sanctions in the state court.
-
May 09, 2025
Condo Counsel Disqualified In Suit Against Miami Hotel Owner
A Miami judge disqualified a law firm from representing a condo association in claims against a hotel owned by Spanish billionaire Amancio Ortega due to the firm's work for the hotel on an unrelated case.
-
May 09, 2025
Minn. Court Increases Prior Valuation Of Parking Lot By $900K
The Minnesota Tax Court increased the market valuation of a parking lot by $900,000 after reopening the record and adjusting the reversion rate to reflect the record, resulting in a slightly higher valuation.
-
May 09, 2025
CoStar To Buy Australian PropTech Co. In $1.9B Deal
Commercial real estate analytics provider CoStar Group announced its plans to buy Australian proptech company Domain Holdings Australia Ltd., wrapping up a deal guided by Gilbert + Tobin that values the company at nearly 3 billion Australian dollars ($1.9 billion) in total.
-
May 08, 2025
Ex-Brookfield Leader Says He Was Fired For Whistleblowing
A former managing partner at Brookfield Asset Management lobbed wrongful termination and defamation claims at his former employer Thursday, claiming that he was fired for refusing to accept a bribe and for filing a whistleblower complaint with the U.S. Securities and Exchange Commission.
-
May 08, 2025
CEO Stole Funds To Fuel 'Gambling Habit', Investor Says
An investor in a cybersecurity company has claimed in a new suit that the company's CEO defrauded the investor out of more than $2.8 million through falsified budgets and other means, all to support a "lavish" lifestyle and "severe gambling habit."
-
May 08, 2025
Pa. Diner Can't Get Tax Sale Axed Over Price Hike, Panel Says
A diner in a resort in Pennsylvania's Pocono Mountains can't duck a tax sale over the final sale price of the diner property being higher than originally advertised, a state appellate panel said in a precedential ruling Thursday.
-
May 08, 2025
Bain, Oliver Street Pick Up $208M Industrial Portfolio
A joint venture between Bain Capital Real Estate and Oliver Street Capital completed a $208 million "private, off-market" deal to acquire a portfolio of Northern New Jersey industrial properties, according to a May 8 announcement.
Expert Analysis
-
How To Avoid A Costly CPA Limitation Hidden In Most Leases
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
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
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
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
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
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
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
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
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
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
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
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
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.