Commercial
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June 24, 2025
NJ Agency Fights $26M Property Taking Verdict In Ch. 11
A New Jersey development agency pushed back against a move in bankruptcy court by the owner of a former tire factory site to collect a $25.6 million jury verdict stemming from the agency's decision to condemn the property and make way for housing.
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June 24, 2025
Texas Narrows Discovery Allowance In Property Tax Appeals
Texas district courts can't order discovery in property tax cases unless the discovery is requested by the appealing party under a bill signed by Gov. Greg Abbott.
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June 24, 2025
Plymouth Nabs $193M Ohio Industrial Portfolio
Plymouth Industrial REIT Inc. announced that it has purchased a 1.95 million-square-foot portfolio of industrial properties located across three Ohio submarkets from an affiliate of Investcorp for $193 million.
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June 24, 2025
Macerich Real Estate Co. Buys Mall In Raleigh, NC For $290M
The Macerich Co. has picked up a 1.3 million-square-foot mall in North Carolina's capital city of Raleigh for $290 million, according to a Tuesday announcement.
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June 24, 2025
Alaska Must Challenge Tribe's Gaming Hall In Home State
The state of Alaska must challenge federal approval for an Alaska Native tribe's gaming hall on its home turf and not in Washington, D.C., a D.C. federal judge ruled.
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June 24, 2025
Ohio School Board Can't Appeal Property's Valuation
An Ohio commercial property improperly had its value raised to $27.8 million, the state Board of Tax Appeals ruled, finding jurisdiction was lacking for a school board's appeal that resulted in the increase.
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June 24, 2025
V&E Adds Investment, Finance Trio In NY, Texas
Vinson & Elkins LLP has brought on three new partners to strengthen its investment management and finance practices.
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June 24, 2025
Simpson Thacher Guides $575M Loan For Times Square Office
In two loan deals guided by Simpson Thacher & Bartlett LLP, Apollo Global Management Inc. borrowed more than $575 million for a Times Square office skyscraper that's going to be converted into a residential building, according to official property records filed Tuesday.
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June 24, 2025
GSA Chooses Site For New Conn. Federal Courthouse
The U.S. General Services Administration selected a 2.19-acre parking lot in Hartford, Connecticut, as the home for a new federal courthouse, which it says will be operational by 2030.
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June 23, 2025
9th Circ. Revives Antitrust Counterclaims Against CoStar
A Ninth Circuit panel on Monday revived counterclaims accusing CoStar of monopolizing commercial real estate information markets in the company's case accusing a rival of engaging in "industrial-scale" copyright infringement.
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June 23, 2025
NC County Can't Deny Church Rezoning Bid In Land Use Fight
Officials in a rural North Carolina county likely violated a religious land use law when rejecting a church's rezoning bid and are barred from denying the organization's request, a federal judge ruled.
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June 23, 2025
3 Firms Guide Record-Setting $1.15B DC Wharf Refinancing
A Washington, D.C., mixed-use development led by Canadian pension fund PSP Investments has closed on a $1.15 billion refinancing, with Milbank LLP, Pillsbury Winthrop Shaw Pittman LLP and Davies Ward Phillips & Vineberg LLP advising the borrowers on the deal, according to a Monday news release.
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June 23, 2025
Taft Expands Fla. Footprint With Private Client Duo In Naples
Taft Stettinius & Hollister LLP announced Monday that it is expanding in Naples, Florida, with a pair of new private client partners, just ahead of a June 30 merger that will grow the firm in West Palm Beach and Stuart.
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June 23, 2025
Takings Not Enough To Lower Lot Value, Mass. Board Says
A half-acre parking lot in Massachusetts was not overvalued by a local assessor despite temporary and permanent takings by the state highway department during road construction, the state Appellate Tax Board said in a decision released Monday.
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June 23, 2025
Goldman Sachs Real Estate VP Rejoins Haynes Boone In NY
A former Haynes & Boone LLP attorney has returned to the firm's New York office as a real estate finance partner after leaving for three years to become a vice president on Goldman Sachs' real estate investment team.
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June 23, 2025
NYC Real Estate Week In Review
Fried Frank and BakerHostetler are among the law firms that scored work on the top New York City real estate deals that hit public records last week, with deals in Manhattan and the Bronx leading the way.
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June 23, 2025
Proxy Adviser Doubts Activist Plan For Senior Living Operator
An independent proxy advisory firm recommended Monday that Brookdale Senior Living shareholders support most of the company's board nominees at a July meeting, questioning activist investor Ortelius Advisors' strategy to unload assets and leases.
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June 23, 2025
No Break For Early Pay After Late Postmark, Ore. Court Says
An Oregon company could not show that its property tax payments were mailed before the due date for receiving a discount for early payments, the state tax court said.
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June 23, 2025
Va. City Wants Out Of Landfill Co.'s Suit Over Land Use Law
The Virginia city of Chesapeake argued in Virginia federal court that a landfill owner's suit over an amended city land use law should be tossed because the owner hasn't actually been punished under the law and hasn't indicated that they're going to violate it.
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June 23, 2025
Oregon Lawmakers OK Extending Brownfield Tax Breaks
Oregon would extend its program of local property tax incentives for brownfield development by six years under legislation passed by the state House of Representatives.
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June 23, 2025
Terreno Pays $49.5M For Southern Calif. Industrial Property
Terreno Realty Corp. paid $49.5 million to an unidentified seller to acquire a fully leased, 134,000-square-foot Santa Ana, California, industrial distribution property that's also a retail location, the industrial real estate company announced Monday.
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June 23, 2025
IRS Updates Coal Closure Areas For Energy Community Perk
The IRS released Monday an updated list of counties with shuttered coal manufacturing operations and other locations used to determine a clean energy development project's eligibility to get a boost in tax credits for being in communities that historically relied on the fossil fuel industry.
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June 23, 2025
Ore. Lawmakers OK Barring Farm Tax Break For Illegal Pot
Oregon farmland would lose eligibility for a tax break if its owner is found to be illegally growing marijuana on it under legislation approved by state lawmakers.
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June 23, 2025
Horn Williamson Opens Wilmington Office With New Partner
Horn Williamson LLC has added a construction litigation partner with over 23 years of experience from Dailey LLP to launch a new office in Wilmington, Delaware, the firm announced this week.
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June 23, 2025
High Court Won't Revisit 'Right-To-Control' Fraud Case
The U.S. Supreme Court on Monday refused to take a second look at the landmark case that disposed of the "right-to-control" theory of fraud, rejecting a petition that argued the Second Circuit had wrongly remanded the action for retrial before resolving the appeal at hand.
Expert Analysis
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Navigating A Potpourri Of Possible Transparency Act Pitfalls
Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.
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Keys To Successful Commercial Property Insurance Claims
Excerpt from Practical Guidance
While insurance needs for commercial leasing arrangements are driven by the characteristics of the premises and the nature of the tenants' intended operations, there are several universal best practices landlords and their counsel can follow when making claims after loss or damage.