Commercial
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May 28, 2025
Landfill Co. Challenges Va. City's Land Use Law
A landfill owner in Chesapeake, Virginia, claimed in a federal suit filed Wednesday that a local land use law wrongfully lets the city strip away property rights that have allowed the landfill to keep operating over the years despite changes in land use restrictions.
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May 28, 2025
Calif. Hotel Operator Sued By JV Partner In Ch. 11 Case
The joint venture partner of a bankrupt California hotel owner-operator lodged an adversary complaint against the company in its Chapter 11 bankruptcy case in Delaware, urging the court to transfer several of the joint venture's California properties.
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May 28, 2025
Greenspoon Marder Adds Former GC To Hospitality Group
Greenspoon Marder LLP hired a former general counsel and senior vice president for pizza and burger chain Emmy Squared as a partner for the firm's hospitality, alcohol and leisure industry group in its New York City office, the firm announced Wednesday.
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May 28, 2025
Nev. Extends Property Tax In Las Vegas, County To 2057
Nevada extended by 30 years the imposition of a property tax in the city of Las Vegas and unincorporated areas of Clark County, with revenue allocated for employing police officers, under a bill signed by the governor.
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May 28, 2025
Foley Hospitality Leader Talks Deals In Economic Uncertainty
Although hotel investors remain cautious amid the ongoing trade war with recession fears still lurking, transaction activity is happening at "almost historic levels," one Foley & Lardner hospitality leader told Law360 Real Estate Authority.
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May 28, 2025
Insurance Atty Talks FEMA Cuts As Storm, Fire Seasons Near
As hurricane and wildfire seasons approach, Anthony Lopez, founder of the law firm Your Insurance Attorney, told Law360 Real Estate Authority that with natural disasters intensifying, the Trump administration's cuts to FEMA are likely to put more pressure on states and property owners in an already challenging insurance environment.
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May 27, 2025
Renaissance Fair Co. Says Landlord Planned 'Knock-Off' Event
The operator of a New England Renaissance fair has accused its landlord of stalling on a long-term lease extension in order to plan a "knock-off version" of the event.
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May 27, 2025
Unlicensed Adviser Charged With $4M Securities Fraud In NC
Federal prosecutors in North Carolina have charged an unlicensed California investment adviser with fraud and money laundering after he allegedly lured more than 30 victims into investing more than $4 million in bogus commercial real estate opportunities.
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May 27, 2025
NJ Developer Alleges Defamation In Waterfront Dispute
A Garden State developer claims that a real estate and property management company defamed it in a letter to municipal officials in which it said an appellate panel had ruled that the developer conspired with the New Jersey Department of Environmental Protection to deprive the real estate company and the public of due process regarding a waterfront development.
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May 27, 2025
Browns Update Bid To Build Stadium Outside Of Cleveland
The Cleveland Browns have reasserted their claim in Ohio federal court that the city of Cleveland cannot legally stop the NFL franchise from building a new stadium in the suburbs and that the city law designed to keep an owner from moving the team without government approval does not apply to them.
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May 27, 2025
NYC Real Estate Week In Review
Mayer Brown and Nixon Peabody are among the law firms that landed work on the largest New York City real estate deals to hit public records last week, with matters in Manhattan and Bronx atop the list.
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May 27, 2025
Ariz. Asks Justices To Skip Tax Fight Over Plant On Tribe Land
Arizona's tax agency urged the U.S. Supreme Court to pass on a power company's claims that property taxes were illegally levied on a power plant it owns on tribal land, saying the justices have consistently upheld taxes on tribal reservations that solely fall on non-Native Americans.
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May 27, 2025
Global Building Slowing Amid Trade Wars, Cushman Reports
Construction activity around the world has slowed down due to uncertainty caused by the Trump administration enacting tariff policies that set off trade wars and hiked costs for construction materials, according to a report from real estate services firm Cushman & Wakefield.
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May 27, 2025
Colliers' Q1 Snapshot Shows Steady US Office Vacancies
Colliers said in a Tuesday report that the top 15 U.S. office markets saw vacancy rates stay consistent in the first quarter compared to a year ago, with Manhattan having the lowest vacancy rate.
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May 27, 2025
Industrial Real Estate Co. Terreno Sells LA-Area Site For $97M
Industrial real estate firm Terreno Realty Corp. said Tuesday that it sold a Los Angeles-area property last week for $97 million.
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May 27, 2025
Paul Hastings Lands 5-Atty LA Real Estate Team From Latham
Paul Hastings LLP's real estate practice is adding an experienced five-partner land use team from Latham & Watkins LLP in Los Angeles, the firm announced Tuesday.
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May 23, 2025
Calif. Developer Duped Churchgoers In $46M Scam, Feds Say
A Sonoma, California, real estate developer faces federal wire fraud and money laundering charges in connection with claims he duped hundreds of would-be investors — some of whom are described in court filings as elderly members of his church congregation — into giving him over $46 million as purported investments in certain real estate limited partnerships that their funds were never actually invested in.
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May 23, 2025
X Corp. Hit With $8.2M Judgment Over Colo. Lease Breach
A Colorado state judge on Friday found that X Corp. violated a lease and ordered the company to pay more than $8.2 million in unpaid rent and other costs, citing testimony from a former employee that the social media company stopped making rent payments on various leases as a "renegotiating tactic."
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May 23, 2025
Judge Skeptical Of Harm In Recall Of Tribe's Gambling Eligibility
A D.C. federal judge on Friday signaled concerns with the Interior Department's decision to revoke a California tribe's gambling eligibility for a casino-resort project in the Bay Area, but said that the tribe faces an uphill battle in establishing the irreparable harm needed to secure a preliminary injunction.
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May 23, 2025
Fed Board Recommends Dumping 11 Buildings To Save $5.4B
A federal board set up to help the U.S. General Services Administration find properties that are no longer needed has suggested the agency divest four federal buildings in Washington, D.C., and others in six cities, along with consolidating a lease, to save $5.4 billion in total.
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May 23, 2025
Jurisdiction Issue Revives Challenges To Conn. Foreclosures
A Connecticut trial court must address three trusts' challenges to its jurisdiction over the tax foreclosures of their properties, a state appeals court ruled, saying the lower court failed to tackle the issue in ruling against the trusts.
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May 23, 2025
NC Biz Court Serves Up Wins In Real Estate Commission Fight
North Carolina's business court gave a food service company and a real estate broker partial wins in their ongoing commission dispute, ruling that the broker is entitled to commissions on transactions it has not been paid for but cannot require the food firm to use it for future deals.
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May 23, 2025
Guggenheim-Backed Housing Proposal Upheld In SC
A South Carolina federal judge upheld a 9,000-unit housing plan brought in part by heirs of the Guggenheim family on the Cainhoy Peninsula near Charleston, finding federal authorities properly considered environmental effects of the development.
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May 23, 2025
Taxation With Representation: Troutman, A&O Shearman
In this week's Taxation With Representation, Blackstone acquires TXNM Energy, OpenAI buys io Products, Lumen Technologies sells its Mass Markets fiber-to-the-home business in 11 states to AT&T, and AMD sells its data center infrastructure manufacturing business to Sanmina.
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May 23, 2025
Ohio Board Denies Tax Break For City's Rented Office Building
An office building owned by an Ohio city's economic development entity isn't exempt from property taxes because the property is controlled by a nonprofit that leases space to for-profit businesses, the state Board of Tax Appeals ruled.
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.