Commercial
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June 06, 2025
Fox Rothschild Settles Suit Over $3M Real Estate Deal
Fox Rothschild LLP has settled a Colorado real estate investor's legal malpractice lawsuit over a $3 million development deal that went wrong, according to a new order filed in state court directing the parties to file for dismissal within a month.
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June 06, 2025
PE Firms Are Top Opportunity Zone Investors, Report Finds
A group tracking private equity activity said each of the 15 largest investors in the federal opportunity zone program are private equity firms, with Salt Lake City, Utah-based Bridge Investment Holdings topping the list with $3.7 billion in opportunity zone funds.
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June 06, 2025
Vornado Lands $675M Refi For Manhattan Apartment Complex
A Vornado Realty Trust joint venture obtained a five-year $675 million loan that refinances a 1,328-unit Manhattan apartment complex in the borough's Tribeca neighborhood, the company announced.
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June 05, 2025
Hotel Sector Gauges Headwinds As Busy Season Begins
As we approach the midpoint of 2025 and the start of the summer travel season, hotel owners, operators and investors are closely watching international travel, the president's trade policies and the Federal Reserve.
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June 05, 2025
Colliers Says Hotel Sector Recovery May Face 2025 Setback
Commercial broker Colliers said the U.S. hospitality sector stands at a crossroads following a recovery from the pandemic, with upscale properties showing resilience as lower-tier hotels demonstrate signs of struggle.
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June 05, 2025
Clark Hill Adds Morris Manning Real Estate Ace In Atlanta
A former Morris Manning & Martin LLP real estate partner is the latest attorney this year to join Clark Hill PLC and help grow an Atlanta office that opened nearly a year ago, the firm announced Wednesday.
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June 05, 2025
Shumaker Brings On RE Partner In Fla. From Johnson Pope
Shumaker Loop & Kendrick LLP announced Thursday that it's continuing its Sunshine State hiring spree with a new partner to its real estate, construction and development service line in St. Petersburg, Florida, from Johnson Pope Bokor Ruppel & Burns LLP.
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June 05, 2025
Chicago Fire Pitch $650M Arena For Vacant South Loop Site
The Chicago Fire soccer team has announced plans to build a $650 million stadium on a long-vacant site in the South Loop that was recently eyed for a new baseball stadium.
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June 04, 2025
States Take Aim At Healthcare REITs
State lawmakers seeking to curb healthcare investment models they see as harmful to patients have sharpened their focus on real estate investment trusts, putting forth bills to restrict their ownership of healthcare real estate or increase oversight of such transactions.
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June 04, 2025
Hospitality Law Leaders Parse Trade War Fallout
In this weekly Q&A series from Law360 Real Estate Authority, law firm hospitality leaders assess the issues the hotel space is facing amid market uncertainty and the ongoing trade war.
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June 04, 2025
NC Mall Owner Fails To Boost $1K Water Damage Award
A North Carolina mall property owner lost its bid to increase a paltry water damage award when a state appellate panel ruled Wednesday that the landlord failed to show sufficient evidence of damage from a neighboring property's stormwater runoff.
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June 04, 2025
Calif. Hotel Operator Seeks To Triple DIP In Ch. 11 To $19.5M
California hotel operator MOM CA Investco LLC asked a Delaware bankruptcy judge to increase its Chapter 11 financing by $14.5 million, up from the $5 million that has already been approved.
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June 04, 2025
What's Behind The Surge In Real Estate Secondaries Market
More and more investors are selling off their stakes in real estate funds to hungry buyers on the secondary market, a trend that attorneys attribute to more than just a need for cash.
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June 04, 2025
Boston Life Sciences Market Facing Downturn In 2025
The fundamentals of the metropolitan Boston life sciences market have "weakened" in the first three months of 2025, partially because available space is at "an all-time high," according to a report from Colliers.
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June 04, 2025
Pa. Brewery Co-Owner Claims Fraud Against Jailed Partner
A Pittsburgh-area business owner currently jailed for insurance and bankruptcy fraud is also accused of defrauding his former partner in a brewery and restaurant, including hiding the fact that the building the partner was renovating and living in was actually condemned, according to a lawsuit filed in state court.
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June 04, 2025
Amtrak Bribery Plot Nets Contractor Nearly 5-Year Sentence
A former executive for a masonry contractor who admitted to participating in a scheme that involved bribing an Amtrak manager to overbill the federal government $2 million in a $50 million restoration of Philadelphia's 30th Street Station was sentenced to 57 months in prison by a Pennsylvania federal court.
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June 04, 2025
Amazon Plots $10B North Carolina Data Center Expansion
Amazon on Wednesday said it plans to invest $10 billion in data center infrastructure for artificial intelligence and cloud computing on a campus in rural North Carolina.
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June 04, 2025
CORRECTED: Nixon Peabody Guides $365M Bond Deal For UN Properties
United Nations Development Corp. issued a bond worth $365 million for two of the public benefit corporation's Manhattan properties in a deal guided by Nixon Peabody LLP, according to official property records filed Wednesday.
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June 04, 2025
SEC Says Accountant Errors Don't Doom Crowdfunding Case
The U.S. Securities and Exchange Commission told a Michigan federal judge Wednesday that mistakes in one of its accountant's declarations do not warrant the dismissal of its first crowdfunding enforcement action, arguing the SEC's lawyers acted in good faith when they alerted the court to the errors.
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June 04, 2025
Retail Real Estate Group Promotes Atty To Public Policy Chief
The ICSC has promoted an in-house attorney with Capitol Hill leadership experience to head its public policy, the global trade association of the retail real estate industry announced Wednesday.
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June 04, 2025
Davis Polk Guides Utility Developer Acquisition
Partners Group on Wednesday announced that it has acquired a utility developer from venture capital firm EnCap Investments, in a deal advised by Davis Polk & Wardwell LLP.
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June 04, 2025
Ohio Justice Questions School Board's Tax Appeal Claim
An Ohio justice criticized a school board's claim that state law allows it to appeal administrative property valuation rulings to county courts when the board doesn't own the property at issue.
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June 04, 2025
Ex-Kirkland Project Finance Atty Joins McGuireWoods In NY
McGuireWoods LLP has added Sharaf Islam as a partner from Kirkland & Ellis LLP to help expand the firm's project finance group with an attorney versed in digital infrastructure and renewable-energy deals.
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June 04, 2025
ArentFox Hospitality Atty Says Trade War May Spark Litigation
With the cost of some materials rising as a result of President Donald Trump's trade war, more lawsuits over which party is responsible for extra costs at hotel projects could be on the way, one of ArentFox's hospitality leaders told Law360 Real Estate Authority.
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June 04, 2025
Nashville Mixed-Use Megaproject Wins $25M Early Loan
Miami-based lender BridgeInvest said it has provided a $25 million loan to refinance and pay for early development costs of a site in Nashville, Tennessee, set to include an apartment tower, luxury condos and an upscale hotel.
Expert Analysis
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Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
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Nippon Order Tests Gov't Control Over Foreign Investments
The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.
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A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.
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As EPA Backs Down, Expect Enviros To Step Up Citizen Suits
As President Donald Trump's U.S. Environmental Protection Agency draws down federal enforcement efforts, environmental groups will step into the void and file citizen suits — so companies should focus on compliance efforts, stay savvy about emerging analytical and monitoring methods, and maintain good relations with neighbors, say attorneys at Beveridge & Diamond.
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Emphasize Social Spaces During RE Project Public Review
As Boston continues to work through revisions to its public review process for real estate projects, developers attempting to balance impact mitigation and community improvements may benefit from emphasizing the ways in which development plans can facilitate open social exchange, says David Linhart at Goulston & Storrs.
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What Contractors Can Do To Address Material Cost Increases
In light of the Trump administration's plans to increase tariffs on Mexico, Canada and China, construction industry players should proactively employ legal strategies to mitigate the impacts that price increases and uncertainty may have on projects, says Brenda Radmacher at Seyfarth Shaw.
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Reg Waiver Eases Calif. Rebuilding, But Proceed With Care
California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.
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Insurance Considerations For LA Wildfire Recovery
Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.
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LA Wildfires' Effect On Calif. Insurer Of Last Resort
Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.
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Public Corruption Enforcement In 2024 Has Clues For 2025
If 2024 activity is any indication, the U.S. Supreme Court will likely continue to rein in expansive prosecutorial theories of fraud in the year to come, but it’s harder to predict what the new administration will mean for public corruption prosecutions in 2025, says Cathy Fleming at Offit Kurman.
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Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
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What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
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Timeline Considerations For Boston's New RE Review Process
Boston's newly reimagined large real estate project review process, featuring early community engagement, holds impacts for project timelines that land use counsel must account for when guiding developers through approvals, says David Linhart at Goulston & Storrs.