Commercial
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July 14, 2025
NYC Real Estate Week In Review
Herrick Feinstein and SLG are among the firms that handled the largest real estate deals that hit New York City public records last week, with a land deal in Queens topping the list.
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July 14, 2025
Ohio Board Values Custom-Built Cannabis Facility At $12.6M
The Ohio Board of Tax Appeals valued a custom-built cannabis cultivation and processing facility at $12.6 million Monday, ruling that the property qualified as a special purpose property that is appraised under the cost approach method.
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July 14, 2025
Jury Says Commercial Real Estate Owner Hid $4.8M
A jury in Washington federal court has found a commercial real estate company owner guilty on charges of concealing nearly $5 million in income from the Internal Revenue Service using a series of limited liability companies.
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July 11, 2025
Lucky Strike Takes Control Of Bowling Alleys In $308M Deal
Lucky Strike Entertainment acquired 58 sites where it is already operating bowling alleys in a $308 million deal guided by Latham & Watkins LLP and Mayer Brown LLP, which it says will give it financial and operational flexibility.
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July 11, 2025
BigLaw Firms Tap In-House Talent To Corner Finance Market
As elite law firms continue to battle to secure highly profitable legal work in the finance space, an increasing number are adding high-level in-house lawyers to their ranks, marking a departure from historic norms in which general counsel-to-law firm partner moves were less common.
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July 11, 2025
These Law Firms Guided The Top First-Half Hospitality Deals
Davis Polk and Haynes Boone are among more than 10 law firms that scored work on the largest hospitality mergers and acquisitions of the first half, with one transaction above the $1 billion mark leading the list.
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July 11, 2025
Schulte Roth Can't Claw Back $38M In Rent From SL Green
A New York state court judge ruled that Schulte Roth & Zabel LLP can't claw back $38 million in rent paid to landlord SL Green Realty during the height of the coronavirus pandemic, finding that a Y2K era rent abatement clause is only applicable if the landlord fails to provide service.
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July 11, 2025
Rent Reward Co. Bilt Hits $10.8B Valuation In Mortgage Push
Bilt Rewards said it has reached a $10.75 billion valuation after raising $250 million as part of an effort to expand to mortgage-holders its system of offering tenants perks for making rent payments.
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July 11, 2025
Minn. Tax Court Boosts Value Of Macy's Property By $6M
The Minnesota Tax Court boosted the tax valuation of a Macy's store by nearly $6 million, adopting elements of the local assessor's cost analysis and finding that that property's highest and best use was its continued operation as an anchor department store.
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July 10, 2025
Greenberg Traurig Guides $103M NY Archdiocese HQ Sale
The Greenberg Traurig LLP-led Vanbarton Group purchased the Roman Catholic Archdiocese of New York's headquarters in a $103 million deal, with the aid of $250 million in financing from Eldridge Real Estate Credit, according to a July 10 announcement.
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July 10, 2025
Property Co. Says State Farm Wrongfully Delayed Fire Claim
A State Farm unit acted in bad faith by unreasonably delaying and denying coverage for a fire that damaged a downtown Denver property more than two years ago, the property owner said in a suit removed to Colorado federal court.
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July 10, 2025
Blackstone Ups Warehouse REIT Takeover Offer To £489M
Private equity giant Blackstone, led by Simpson Thacher & Bartlett LLP, on Thursday increased its takeover offer for U.K.-based logistics investor Warehouse REIT, led by Reed Smith LLP, to £489 million ($663.7 million), a move that comes after it submitted a £470 million "final offer" in late June.
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July 10, 2025
NY Lawmakers Defend Mayor's Resi Zoning Reform Package
Lawmakers representing New York City constituents have filed a defense of the City of Yes for Housing Opportunity plan, telling a New York state court that the zoning overhaul is a vital tool in addressing the city's severe housing shortage.
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July 10, 2025
Mass. Panel Cuts Shopping Center's Tax Value By $1.5M
A Massachusetts panel lowered the tax valuation of a shopping center by about $1.5 million in an opinion released Thursday, an amount less than what the property's owner sought.
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July 10, 2025
Nutter Atty Promoted To Firm's GC Role
Nutter McClennen & Fish LLP has picked its assistant firm counsel, who previously worked at Ropes & Gray LLP, as its new general counsel, the firm announced.
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July 10, 2025
Shipman & Goodwin Adds Whitman Breed Real Estate Head
Shipman & Goodwin LLP has grown its real estate offerings in the Nutmeg State with the addition of the longtime head of Whitman Breed Abbott & Morgan LLC's real estate practice.
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July 10, 2025
Alpaca Nabs Nashville Logistics Sites For Industrial Portfolio
Alpaca Real Estate has announced that it has acquired two infill logistics properties in Nashville, Tennessee, which it says are the first targets in its plan to build a $250 million portfolio of industrial assets in the Southeast and Southwest.
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July 09, 2025
Zombie Buildings, Conversions And Booming Office CMBS
While office distress hovers at all-time highs, securitized commercial mortgages for trophy office properties are surging, and a spate of New York City office-to-residential conversions are breathing new life into empty buildings.
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July 09, 2025
Albireo Energy Faces Suit Over Mold In Colo. School
A Colorado school district hit Albireo Energy with a negligence suit in state court Wednesday that blames the building controls company for nearly $1 million in damage to a middle school from a botched ventilation system upgrade.
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July 09, 2025
Ohio Officials Sued Over $600M In Funds For Browns Stadium
The transfer of $600 million in unclaimed property funds to the Cleveland Browns to help finance a proposed new suburban stadium for the NFL team is an "unconstitutional and unlawful misappropriation of private property,'' a group of unclaimed-property owners alleged in a proposed class action in Ohio state court against several state officials.
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July 09, 2025
Mayer Brown Adds Amherst Group GC To Real Estate Group
Mayer Brown announced Wednesday that it added a real estate and private equity expert to the firm's Los Angeles office, who joins the firm as partner following stints at The Amherst Group and Nuveen Real Estate.
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July 09, 2025
Akerman Adds Land Use Atty From Cozen O'Connor In NY
Akerman LLP said it has bolstered its real estate practice by adding the co-chair of Cozen O'Connor's land use and zoning practice as a partner in its New York office.
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July 09, 2025
Nashville Owners Must Face The Music As Tax Burden Surges
Property owners in Nashville are facing greater tax burdens in light of a recent jump in property valuations. Burr & Forman partner John F. Rogers Jr., a veteran real estate attorney in the city, spoke recently with Law360 Real Estate Authority about the market's evolution and how he is advising clients on approaching these latest financial developments.
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July 09, 2025
Ballpark Builder Wants Engineer Forced To Ink Settlement
The original builder of a hotly litigated Hartford minor league baseball stadium has asked a Connecticut state court judge to force an engineering consultant's compliance with a confidential settlement agreement it has allegedly failed to sign despite sitting at the table with a number of other entities and lodging no objection to the terms.
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July 09, 2025
Trump Order On Solar, Wind Credits Puts Industry On Heels
President Donald Trump threw a curveball to the energy industry by ordering the U.S. Department of the Treasury to take a hard line on which projects qualify for solar and wind tax credits under the new budget law, leaving practitioners uncertain about the scope of the restrictions.
Expert Analysis
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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.
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As EPA Backs Down, Expect Enviros To Step Up Citizen Suits
As President Donald Trump's U.S. Environmental Protection Agency draws down federal enforcement efforts, environmental groups will step into the void and file citizen suits — so companies should focus on compliance efforts, stay savvy about emerging analytical and monitoring methods, and maintain good relations with neighbors, say attorneys at Beveridge & Diamond.