Commercial
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September 24, 2025
11th Circ. Asked To Combine Easement Deduction Appeals
The Eleventh Circuit should consolidate two cases appealing U.S. Tax Court rulings that cut $47 million in deductions for conservation easement donations, a partnership argued, saying the government's opposition to combining them overlooks the opportunity to save resources.
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September 23, 2025
Task Force Advances $3.5B NYC Marine Terminal Plans
A key task force has advanced the New York City Economic Development Corp.'s $3.5 billion plan to revitalize a 122-acre section of the Brooklyn waterfront, which would modernize and expand the Brooklyn Marine Terminal.
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September 23, 2025
Wilmington Trust Seeks Receiver After $19M Loan Default
A single-asset real estate firm that owns an office building in the Denver Technological Center, or DTC, filed for Chapter 11 and faces a request for a receiver over the building it owns after it defaulted on a $19 million loan last year, according to court filings.
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September 23, 2025
Conn. Atty Denies Blame For Title Co.'s $920K Refinancing Loss
A Connecticut lawyer sought to fend off arguments in state court by Fidelity National Title Insurance Co. that his alleged mistakes on a $2.5 million refinancing led to a $920,000 loss for the insurer, claiming he and the company owed distinct duties to a policy-holder.
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September 23, 2025
Pelorus Kicks Off $1B Fund To Bolster Cannabis Businesses
Pelorus Capital Group has launched a $1 billion fund for investing in marijuana operating businesses to coincide with its existing cannabis real estate strategy, in a bet on the industry's capital needs, the company said Sept. 23.
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September 23, 2025
Star Chef Didn't Violate 'Vague' Pact With Boston, Judge Says
A Massachusetts state court has ruled that a "vague" agreement between celebrity chef Barbara Lynch and the city of Boston to escrow proceeds from the sale of her flagship No. 9 Park restaurant while the city seeks to collect her unpaid taxes doesn't prevent Lynch from using the funds to pay other creditors.
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September 23, 2025
Windels Marx Leads $27.5M Houston Multifamily Financing Deal
Private markets investment firm Siguler Guff & Co. LP originated a $27.5 million mezzanine loan that is part of $86 million worth of refinancing for a 404-unit Houston luxury multifamily property in a mezzanine loan deal guided by Windels Marx.
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September 23, 2025
Savannah-Area Industrial Portfolio Scores $102M Refi
Washington D.C.-based alternative asset manager EJF Capital and Connecticut real estate firm North Signal Capital said Tuesday that they've closed on a $102 million refinancing for an industrial portfolio near Savannah, Georgia.
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September 22, 2025
EB-5 Industry Leaders Ponder Path To Long-Term Future
While the 35-year-old EB-5 investment visa program has been enjoying arguably its strongest period, following recent reforms, the program's fate came up frequently during the Advanced EB-5 Industry Conference last week in Miami — and that was before President Donald Trump signed an order to roll out his own "gold card" investment visa program late Friday.
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September 22, 2025
Catching Up With Delaware's Chancery Court
Last week, Match.com secured approval for a $30M settlement over its 2019 reverse spinoff from IAC, and Vice Chancellor Morgan T. Zurn urged decorum among Delaware lawyers, comparing recent legal turmoil to dark times in British monarchy history. Here's the latest from the Chancery Court.
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September 22, 2025
Developer Gets 8 Years For Fraud That Sunk Belize Project
A Manhattan federal judge sentenced a California real estate developer with a previous fraud conviction Monday to eight years in prison, after a jury convicted him of defrauding investors who backed a big luxury development he controlled called Sanctuary Belize.
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September 22, 2025
2 More NYC Casino Proposals Fold
The last remaining proposal for a casino in Manhattan has failed to obtain a full gaming license in New York City, and, ahead of a vote, local elected officials have also ruled out a Coney Island casino plan.
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September 22, 2025
Atlanta-Area Hotel Sued On Claims It Ignored Sex Trafficking
A woman has sued a property management company and the owner-operator of a Super 8 in College Park, Georgia, where she said employees were aware of but did nothing to prevent her from being sex trafficked as a minor.
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September 22, 2025
Fried Frank Pilots $1.4B CMBS Refi For NYC Office Tower
Manhattan office giant SL Green Realty Corp. and asset management firm PGIM said Monday that they have clinched a $1.4 billion commercial mortgage-backed securities refinancing for 11 Madison Ave. in Manhattan, with counsel from Fried Frank Harris Shriver & Jacobson LLP.
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September 22, 2025
Self-Storage REIT Prices $144M Bond Offering
SmartStop Self Storage REIT announced Monday that it has priced a CA$200 million ($144 million) bond offering, noting funds will be used to pay down debt and to fund acquisitions.
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September 22, 2025
Rosenberg & Estis Adds Attys To Commercial Litigation Team
Rosenberg & Estis PC has hired a former Ford O'Brien Landy LLP partner as a member and an ex-Milbank LLP associate as counsel for its general commercial litigation team in New York City, the firm announced.
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September 22, 2025
PE-Backed Flood Insurance Provider Neptune Eyes $350M IPO
Florida-based residential and commercial flood insurer Neptune Insurance said Monday that it is seeking a valuation of $2.76 billion in an initial public offering next week advised by Orrick Herrington & Sutcliffe LLP and Davis Polk & Wardwell LLP.
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September 22, 2025
Feds Oppose Calif. Tribes' Bid To Halt Casino Dispute
The U.S. government has asked a District of Columbia federal court judge to reject a stay motion filed by three California Native American tribes that are challenging the approval of another tribe's casino-resort project, arguing that the trio has failed to justify pausing the suit before the court rules on the government's request for a Golden State federal court transfer.
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September 22, 2025
NYC Real Estate Week In Review
Richter Restrepo and Adler & Stachenfeld landed work on two of the largest New York City real estate deals that hit public records last week, a period that saw multiple large apartment building trades.
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September 22, 2025
Judge Rules Revolution Wind Can Restart Wind Farm Work
A D.C. federal judge gave Revolution Wind the green light to restart work on its billion-dollar wind farm off the Rhode Island coast Monday, halting a stop work order issued by the Trump administration last month, two years after the project got federal approval from the Biden administration.
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September 22, 2025
2 Firms Advise Compass' $1.6B Buy Of Broker Anywhere
Real estate broker Compass said Monday that it has struck a deal to acquire rival broker Anywhere Real Estate for $1.6 billion, in a transaction advised by Kirkland & Ellis LLP and Wachtell Lipton Rosen & Katz.
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September 19, 2025
Estate Filed Dupe Suit Against McCarter & English, Court Told
McCarter & English LLP on Friday urged a Connecticut state judge to toss a lawsuit accusing it of mismanaging a $4.6 million estate, arguing it's essentially a duplicate of a pending lawsuit.
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September 19, 2025
Md. Steel Co. Owes $700K For System Collapse, Insurer Says
Hartford Fire Insurance Co. has sued a subcontractor on a Maryland commercial project in state court to recover the costs of a $719,405 claim made after a steel joist system partially collapsed in 2022.
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September 19, 2025
Hotel Settles Ga. Minor's Sex Trafficking Suit
A settlement has been reached in a 17-year-old girl's lawsuit accusing an Atlanta-based hotel and its management company of doing nothing to help when managers and hotel employees knew she and others were being sex trafficked.
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September 19, 2025
Chinese Citizens Sue Texas Over Real Estate Ownership Ban
Three citizens of the People's Republic of China claimed in Texas federal court that a recently passed law prohibiting people from certain countries deemed hostile to the U.S. from buying land in the state is unconstitutional.
Expert Analysis
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Measuring And Mitigating Harm From Discriminatory Taxes
In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.
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Addressing Tariff Price Escalation In Construction Contracts
As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.
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How The CRE Industry Is Adapting To Tariff Uncertainty
Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.
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Reconciling 2 Smoke Coverage Cases From California
As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.
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Contractor Remedies Amid Overhaul Of Federal Spending
Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.
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Contract Disputes Recap: Terminations Galore
Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.
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Making The Opportunity Zones Program Great At Last
As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.
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Investor Essentials For Buying Federally Owned Property
Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.
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How 2025 Is Shaping The Future Of Bank Mergers So Far
Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.
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Why NY May Want To Reconsider Its LLC Transparency Law
Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.
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How GSA Lease Clauses May Affect DOGE Terminations
The Department of Government Efficiency has begun to cut the U.S. General Services Administration's enormous real estate portfolio, but some standard lease clauses include limits helpful to landlords that may slow progress toward the administration's cost-cutting goals, say attorneys at Pillsbury.
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What SDNY Judge Can And Can't Do In Adams Case
The federal judge in the Southern District of New York overseeing the criminal case against New York City Mayor Eric Adams deferred making a decision on the government's motion to dismiss the indictment, and while he does have limited authority to deny the motion, that would ultimately be a futile gesture, says Ethan Greenberg at Anderson Kill.