Commercial

  • June 02, 2025

    Nebraska Tax Commission Upholds Farm's $1.89M Valuation

    A Nebraska farm valued at $1.89 million was accurately assessed in line with other agricultural property, the state's Tax Equalization and Review Commission found, rejecting claims by the property owner that it was over-assessed.

  • June 02, 2025

    Ashurst, King & Wood Guide $9.1B Soul Patts Merger Plan

    Washington H. Soul Pattinson and Co. Ltd. and building products maker Brickworks Ltd. plan to merge into a company with a market capitalization of AU$14 billion ($9.1 billion), aiming to eliminate a decades-old cross-shareholding structure and create a unified entity, the Australian investment firm disclosed on Monday.

  • June 02, 2025

    Healthcare REIT, JV Pay $146M For Skilled Nursing Portfolio

    Healthcare-focused real estate investment trust CareTrust REIT Inc. on Monday announced the acquisition of 10 skilled nursing facilities across the Pacific Northwest for $146 million.

  • June 02, 2025

    Big Players, AI Drive Manhattan Tech Deal Upswing

    Office real estate activity among technology companies in Manhattan is on the upswing for the second year in a row, powered by big players coming off the sidelines, the artificial intelligence subsector's expansion and a venture capital resurgence, per a CBRE report.

  • June 02, 2025

    Justices Seek US Opinion In Jewish Texts Expropriation Suit

    The U.S. Supreme Court on Monday requested the federal government to weigh in on a petition challenging a D.C. Circuit ruling concluding that federal courts do not have jurisdiction over a Jewish group's decades-old allegations that Russia is illegally holding on to its long-lost sacred texts.

  • May 30, 2025

    No Sanctions For Stamford In Zoning Fight Over Gyms

    A Connecticut judge declined to sanction the Stamford Board of Representatives after a real estate company accused it of withholding and destroying documents relevant to their zoning fight, ruling that "the evidence of withheld discovery was equivocal at best."

  • May 30, 2025

    Townhome Org. Seeks Confirmation Of Storm Damage Award

    A townhome association's insurer has no legal basis to withhold payments under a $2.7 million appraisal award for costs connected to a 2022 storm, the association told a Minnesota federal court Friday in a bid for an early win in its suit.

  • May 30, 2025

    Pa. Justices Back Hospital Tax Break Despite High Salaries

    The corporate structure and high executive pay at a Montgomery County, Pennsylvania, hospital were not reason enough to take away its nonprofit, tax-exempt status, the state Supreme Court ruled Friday.

  • May 30, 2025

    Fla. Panhandle To House $1B Manufacturing Facility

    Aerospace and aviation manufacturer Williams International plans to build a $1 billion turbine engine manufacturing complex in Okaloosa County, Florida, per a May 29 announcement from Gov. Ron DeSantis.

  • May 30, 2025

    Cleveland Says Browns' Stadium Suit Is In Wrong Venue

    Cleveland asked an Ohio federal court Friday to reconsider its decision to allow the Cleveland Browns to amend their lawsuit over a planned stadium move, arguing that the judge failed to address the city's jurisdictional challenge.

  • May 30, 2025

    Praying Or Parking? Religious Land Use Fights Head To Court

    Local zoning and planning boards, usually unelected decision-making bodies, often operate with sweeping discretion that can provide cover for discrimination against religious communities. But backed by pro bono attorneys, religious groups are leaning on a 2000 federal law in their bid for court intervention.

  • May 30, 2025

    Atlanta Seeks Win In Ex-Building Officials' Age Bias Suit

    A former Atlanta building official has failed to show his age was the deciding factor in not being promoted to a chief inspector role, the city told a federal court, urging it to toss the man's discrimination lawsuit.

  • May 30, 2025

    Cleary Helping Cushman & Wakefield On Move To Bermuda

    Cushman & Wakefield's parent company is seeking to move its place of incorporation from England and Wales to Bermuda, with the assistance of counsel from Cleary Gottlieb Steen & Hamilton LLP, the real estate brokerage firm said in a regulatory filing.

  • May 30, 2025

    REIT Investors' $12M Deal Over NexPoint Merger Get Final OK

    A New York federal judge granted final approval to a $12 million securities class action settlement reached with Jernigan Capital investors who alleged the defendants omitted material information amid a 2020 sale to NexPoint Advisors, and awarded $3.9 million in fees Thursday to lead counsel for prosecuting the case.

  • May 30, 2025

    Diaz Reus Sued For Fraud, Conflict In Failed Miami Water Park

    A Florida consultant has sued law firm Diaz Reus & Targ LLP over allegations it created an adverse conflict of interest in ownership over a failed Miami water park when the firm's managing partner and his brother, another firm member, attempted to "strong-arm" him into reducing his interest in the venture.

  • May 30, 2025

    Fenwick & West Leases New San Francisco Office Space

    Fenwick & West LLP will move to a new San Francisco office after signing a 50,000-square foot lease for office space in a 38-story Class A office tower owned by real estate investment trust Paramount Group Inc., according to an announcement from JLL.

  • May 30, 2025

    Mass. Can't Delay Developer's Suit Over Brownfields Credit

    Massachusetts tax officials who have taken more than two years to consider the appeal of a denied brownfields tax credit must hand over the administrative record in the case so that a developer can pursue a motion for judgment on the pleadings, a state court justice has ordered.

  • May 30, 2025

    Thompson Hine Brings Ex-Troutman Real Estate Atty To LA

    Thompson Hine LLP hired a former Troutman Pepper Locke LLP real estate transactions partner as a new real estate partner in Los Angeles, the firm announced May 29.

  • May 30, 2025

    Bravo Property Trust Lands $400M From Middle East Investor

    Real estate financing company Bravo Property Trust announced on Friday that a Middle Eastern sovereign wealth fund manager will invest up to $400 million in the firm to support its bridge and construction loan offerings.

  • May 29, 2025

    Alston & Bird, Smith Mackinnon Steer $710M Fla. Bank Deal

    The holding company for Seacoast National Bank said Thursday that it would acquire Villages Bancorporation Inc., the holding company of Citizens First Bank based in The Villages, Florida, for approximately $710 million in a deal guided by Alston & Bird LLP and Smith Mackinnon PA.

  • May 29, 2025

    NY Landlord LLC Transparency Bill Advances

    The New York State Senate passed a bill on May 28 to require landlords of rent-stabilized properties to disclose members of their limited liability companies.

  • May 29, 2025

    KC Royals Say Mortgage Deal Doesn't Imply Move To Kansas

    The Kansas City Royals have made a third-party purchase of the mortgage on a potential site for a new ballpark in Overland Park, Kansas, but denied that the transaction meant the MLB team was moving from the city and state of Missouri that have been its home since launching in 1969.

  • May 29, 2025

    Shareholders Sue REIT, Ready Capital Over 2023 Merger

    A proposed class of investors in a REIT that merged with commercial real estate lender Ready Capital Corp. two years ago claimed in Washington federal court that they were misled by executives from both companies ahead of the $787 million deal.

  • May 29, 2025

    Texas Bars Some Property Tax Hikes Above Voter-OK'd Rates

    Texas will prohibit school districts from adopting property tax rates above voter-approved thresholds in response to a natural disaster if voters previously rejected a similar proposed rate increase, under a bill signed by Gov. Greg Abbott.

  • May 29, 2025

    Latham-Led Luxury Vacation Rental Startup Raises $50M

    Wander, a platform for luxury short-term rentals, announced that it raised $50 million in a Series B round co-led by QED Investors and Fifth Wall to support the company's expansion efforts, with guidance from Latham & Watkins LLP.

Expert Analysis

  • 2024 IPO Market Trends, And What To Expect Next Year

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    The initial public offering market returned to historically typical levels on a deal count basis in 2024 but continued to lag based on proceeds raised due to a larger number of smaller IPOs this year, and signs point to continued ongoing momentum in the next year, say attorneys at Paul Hastings.

  • Adapting Force Majeure To A Predictably Unpredictable World

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    As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.

  • Impact Of Corporate Transparency Act Ambiguity On Banks

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    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.

  • Green Projects Face States' Foreign Land Ownership Limits

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    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.

  • How Landlords Can Navigate Cannabis-Related Leases

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    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.

  • Lights, Camera, Real Estate: Preparing For Film Facility M&A

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    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.

  • Corporate Liability Issues To Watch In High Court TM Case

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    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.

  • Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream

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    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.

  • A Legal Perspective On NYC's Retail Real Estate Evolution

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    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.

  • What Interest Rate Cuts Mean For Housing Markets

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    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.

  • How CFIUS' Updated Framework Affects Global Investors

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    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.

  • Foreclosing Lenders Still Floating In Murky Legal Waters In NY

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    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.

  • NYC Hotel Licensing Law's Costs May Outweigh Its Benefits

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    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.