Commercial
-
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.
-
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.
-
July 08, 2025
Fla. Distorted Detention Center Construction, Group Says
An environmental nonprofit claimed in Florida federal court filings Tuesday it has evidence additional land in the Everglades is being used to construct a federal immigration detention center, alleging a misrepresentation from Florida officials that the camp is built on the footprint of an existing airport structure.
-
July 08, 2025
Kansas Extends STAR Bonds To Continue Chiefs, Royals Talks
Kansas lawmakers have approved a one-year extension of the state's Sales Tax and Revenue bonds while the Missouri-based Kansas City Chiefs and Kansas City Royals continue talks with officials about migrating to Kansas.
-
July 08, 2025
Kohl's Says Self-Storage Renovation Led To Pa. Mall Exit
In seeking to ditch a lawsuit, Kohl's on Tuesday told a Pennsylvania federal judge that a mall owner breached a lease of two decades with an unwanted renovation project that added a nearby self-storage business and cut off the retailer's access to the mall's interior.
-
July 08, 2025
Tax Court Says IRS Offer In $57M Easement Case Isn't Binding
A settlement offer the Internal Revenue Service said it mistakenly made to a partnership after rejecting its $57 million conservation easement deduction is not binding, the U.S. Tax Court said Tuesday, declining the partnership's request to enforce the deal.
-
July 08, 2025
4 Firms Guide BlackRock's ElmTree Acquisition Deal
BlackRock Inc. will acquire net lease real estate investment firm ElmTree Funds, which oversees $7.3 billion worth of assets as of March 31, in a deal guided by Skadden Arps Slate Meagher & Flom LLP, Fried Frank Harris Shriver & Jacobson LLP, Sidley Austin LLP and Kirkland & Ellis LLP, BlackRock announced.
-
July 08, 2025
Fla. Probes Internet Figures, REIT And Suspect Ponzi Scheme
Florida Attorney General James Uthmeier on Tuesday announced his office has subpoenaed two internet personalities and their real estate investment trust based on allegations that they pocketed money intended for property purchases in what authorities say appears to be a Ponzi scheme.
-
July 08, 2025
NYC Real Estate Week In Review
Bleakley Platt and Waxman Law are among the law firms that helped with the largest New York City real estate deals that became public last week, with a nine-figure Queens trade leading the way.
-
July 08, 2025
Hospitality REIT Offloads Seattle Hotel In $145M Deal
Braemar Hotels & Resorts sold a 369-room Seattle hotel for $145 million, a property first purchased in 2007 as part of a 51-property portfolio, the real estate investment trust announced Tuesday.
-
July 07, 2025
Newark Property Buyer Wins Appeal Over Axed $32.8M Sale
A New Jersey appellate panel on Monday upheld a trial court's ruling that a real estate investment firm properly terminated its $32.8 million purchase agreement for a mixed-use building in Newark after receiving a noncompliant estoppel certificate from one of the tenants, rejecting the seller's argument that the certificate's deficiencies were immaterial.
-
July 07, 2025
Taft Adds CRE, Project Finance Attorney In Indianapolis
Taft Stettinius & Hollister LLP has hired Thomas M. Hanahan as a partner in its real estate practice group in Indianapolis.
-
July 07, 2025
Fla. Firm Advises Blackstone's $200M Gulf Coast Resort Buy
Blackstone agreed to pay $200 million to acquire a Gulf Coast resort, with Florida-based Farr Law Firm advising seller Allegiant Travel Co.
-
July 07, 2025
Maine Authorizes Task Force To Explore Property Tax Changes
Maine authorized the creation of a task force to explore the need for legislation and constitutional amendments to provide more effective property tax relief for residents under a bill signed by the governor.
-
July 07, 2025
Tishman Speyer Lands $385M Refi For NYC Office Tower
Tishman Speyer landed a $385 million refinancing of its Class A office property at 300 Park Ave., two years after its commercial mortgage-backed securities loan was sent to special servicing, the property owner announced Monday.
-
July 07, 2025
NY Firm Guides Power Authority On $206M Queens Site Buy
The New York Power Authority, advised by Bleakley Platt & Schmidt LLP, has completed a $206 million acquisition of a former Queens power plant site from a BP affiliate, with the purchase intended to bolster clean energy infrastructure.
-
July 03, 2025
NY Landlord Sues Walmart, Others In Del. Alleging Fraud
A New York City landlord sued Walmart Inc. and the bankruptcy successor to Bonobos Inc. in Delaware's Court of Chancery late Thursday, asserting hundreds of million in claims and compensatory and punitive damages under both Delaware and New York law arising from an allegedly fraudulent transfer of a Fifth Avenue retailer's lease and obligations.
-
July 03, 2025
Gov't Must Still Face Claim In Calif. Shipyard Cleanup Suit
A California federal judge on Thursday granted the U.S. government's bid to trim some claims from a suit challenging aspects of the Hunters Point Naval Shipyard Superfund site cleanup in San Francisco, but not all of them.
-
July 03, 2025
Fla. Court Rejects Oral Pact Cutting Loan Interest To 7%
A Florida state appeals court has sided with a Nevada-based lender, reversing an oral agreement to reduce interest on a $2.6 million loan from 25% to 7%, saying such agreements must be in writing.
-
July 03, 2025
The Firms That Won Big At The Supreme Court
The number of law firms juggling three or more arguments before the U.S. Supreme Court this past term nearly doubled from the number of firms that could make that claim last term.
-
July 03, 2025
Residents Urge Judge To Redo Ruling Backing Alaska Casino
A group of Anchorage, Alaska, residents opposed to a plan to build a casino urged a federal judge to reconsider a ruling finding the Native Village of Eklutna has sovereign immunity and can't face a lawsuit seeking to block the development plan.
-
July 03, 2025
Breaking Down The Vote: The High Court Term In Review
The U.S. Supreme Court once again waited until the term's closing weeks — and even hours — to issue some of its most anticipated and divided decisions.
-
July 03, 2025
EQT Fund Snaps Up Calif. Industrial Portfolio
EQT Real Estate's industrial fund acquired a 2.04 million-square-foot portfolio of four fully leased, Class A modern logistics facilities in Manteca, California, the real estate arm of EQT Group announced.
-
July 02, 2025
How CEQA Reforms Address California's Housing Squeeze
California lawmakers on Monday enacted a new set of escape routes to the California Environmental Quality Act, the state law blamed for constricting housing development to a crisis point. Experts told Law360's Real Estate Authority that while the changes could speed permit processing in some cases, previous attempts to spur housing development by easing CEQA restrictions have proven ineffective.
-
July 02, 2025
Construction Co.'s Unit Wins $220M Casino Expansion Deal
A subsidiary of construction company Tutor Perini Corp. won a $220 million contract from the Tule River Indian Tribe's gaming authority to expand the tribe's Porterville, California, casino by building a new tower and events center.
Expert Analysis
-
Webuild Ruling Complicates Arb. Award Enforcement In US
A Delaware federal court's recent decision in Sociedad Concesionaria Metropolitana de Salud v. Webuild, if read literally, could undercut the United States' image as a proarbitration jurisdiction by complicating creditors' efforts to enforce awards against property in this country, says Jeff Newton at Omni Bridgeway.
-
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.