Commercial
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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.
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July 09, 2025
NJ Court Backs Real Estate Partnership In Land Dispute
A New Jersey appeals court on Wednesday backed a lower court's ruling that a Garden State real estate partnership was the owner of a narrow strip of commercial property, concluding that decades of recorded deeds and consistent use established their rightful ownership.
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July 09, 2025
11th Circ. Rules Against Hotelier In Arbitration Battle
The Eleventh Circuit on Tuesday affirmed a bankruptcy court's annulment of an automatic stay to allow enforcement of an arbitral award issued in a dispute over a failed $250 million hotel conglomerate, rejecting arguments that the order was barred under a 2020 U.S. Supreme Court decision.
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July 09, 2025
Seyfarth Lands DLA Piper Corporate Ace In Atlanta
Seyfarth Shaw LLP has added a former DLA Piper attorney to its Atlanta office, strengthening its institutional investors services and its corporate practice with a lawyer who has served on temporary assignment to a sovereign wealth fund based in the United Arab Emirates, the firm announced Wednesday.
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July 09, 2025
Real Estate Lawyers On The Move
Buchalter, Shumaker and Warshaw Burstein are among the law firms that have made recent real estate or construction hires.
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July 09, 2025
USDA To Crack Down On Foreign Ownership Of Farmland
The U.S. Department of Agriculture has announced it will work to block purchases of U.S. farmland by "nationals from countries of concern or other foreign adversaries," particularly near sites such as military bases, and "aggressively" overhaul how the department reviews agricultural investments linked to countries including China, Russia and Iran.
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July 09, 2025
Jones Foster Brings On Fla. Real Estate Veteran In Jupiter
The sole shareholder and president of Gary Dytrych & Ryan PA in North Palm Beach has taken his decades of experience in real estate law to Jones Foster PA's Jupiter, Florida, office.
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July 09, 2025
NY Judge Combines Ready Capital Investors' Stock-Drop Suits
A New York federal judge has consolidated multiple stock-drop class actions against real estate finance company Ready Capital Corp., appointed a lead plaintiff and picked Levi & Korsinsky LLP as lead counsel.
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July 09, 2025
Mass. Cos. Must Keep Bottled Water Flowing In PFAS Case
A Massachusetts federal judge has ordered defendant companies to keep providing bottled water to residents of Westminster, Massachusetts, maintaining the status quo while the court determines whether those companies have made the residents' tap water sufficiently safe from so-called forever chemicals.
Expert Analysis
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Impact Of Corporate Transparency Act Ambiguity On Banks
Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.
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Green Projects Face States' Foreign Land Ownership Limits
As states impose restrictions and disclosure requirements around foreign investment in agricultural land — in some cases piggybacking on existing federal rules — renewable energy developers and investors must pay close attention to how the rules vary, says Daniel Fanning at Husch Blackwell.
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How Landlords Can Navigate Cannabis-Related Leases
As the cannabis industry continues to rapidly grow, landlords should consider a variety of lease terms and operational details that may help mitigate uncertainty involving federal laws, zoning restrictions and tax implications, says Kyla Baker at Holland & Knight.
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Lights, Camera, Real Estate: Preparing For Film Facility M&A
As the entertainment industry struggles to recover from multiple strikes and a decline in production, certain aspects of selling or acquiring production facilities may become important to consider, as these assets are valued very differently from typical commercial real estate properties, say attorneys at Olshan Frome.
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Corporate Liability Issues To Watch In High Court TM Case
The U.S. Supreme Court will hear arguments in a trademark dispute between Dewberry Group and Dewberry Engineers next week, presenting an opportunity for the court to drastically alter the fundamental approach to piercing the corporate veil, or adopt a more limited approach and preserve existing norms, say attorneys at Bracewell.
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Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream
As shown by ongoing legal battles involving New York City Mayor Eric Adams and Sean “Diddy” Combs, it’s challenging for defendants to obtain relief when they believe the government leaked sensitive information to the media, but defense counsel can take certain steps to mitigate the harm, says Kenneth Notter at MoloLamken.
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A Legal Perspective On NYC's Retail Real Estate Evolution
As New York City's retail market begins to show signs of resilience after the challenges of recent years, landlords must be cognizant of legal implications from shifting trends toward shorter-term leases and pop-up stores, says Andrea Gendel at Pryor Cashman.
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What Interest Rate Cuts Mean For Housing Markets
The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.
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How CFIUS' Updated Framework Affects Global Investors
The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.
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Foreclosing Lenders Still Floating In Murky Legal Waters In NY
The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.
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NYC Hotel Licensing Law's Costs May Outweigh Its Benefits
A hotel licensing bill recently approved by New York's City Council could lead to the loss of many nonunionized hotels that cannot afford to comply, says Stuart Saft at Holland & Knight.
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Calif. Ruling Offers Hope For Mitigated Negative Declarations
In Upland Community First v. City of Upland, a California appeals court upheld a warehouse development's mitigated negative declaration over its greenhouse gas emissions thresholds — a rare victory against this type of challenge providing reassurance that such declarations can be upheld, say attorneys at Sheppard Mullin.
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There's No Crying In Property Valuation Baseball Arbitration
The World Series is the perfect time to consider how the form of arbitration used for settling MLB salary disputes — in which each side offers competing valuations to an arbitrator, who must select one — is often ideal for resolving property valuation disputes, say Sean O’Donnell at Herrick Feinstein and Mark Dunec at FTI Consulting.