Commercial

  • 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.

  • 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.

  • 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.

  • 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.

  • 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."

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • May 23, 2025

    NJ Assembly OKs Requiring State Buyback Of Unused Credits

    New Jersey's tax agency would be required to purchase certain unused tax credits for real estate development projects under a bill passed by the state Assembly.

  • May 22, 2025

    Student Housing Firm Lands $500M Wells Fargo Refi

    Student housing company Global Student Accommodation, or GSA, said on May 22 it had secured $500 million in refinancing from Wells Fargo Bank for a group of 23 properties in 14 states.

  • May 22, 2025

    Rehab Greenhouse Violated Zoning Rules, Conn. Justices Say

    A drug rehab center's attempt to operate a 2,100-square-foot plastic greenhouse as a therapy facility on a northwestern Connecticut farm was an impermissible expansion of a previous nonconforming land use, the state's highest court ruled Thursday, overturning the center's earlier appellate court victory in a zoning dispute.

  • May 22, 2025

    State Greenlights Fried Frank-Guided NYC Resi Conversion

    The Empire State Development Corp.'s board of directors voted Thursday to approve RXR and Apollo Global Management's massive office-to-residential conversion in New York's Times Square, a project advised by Fried Frank Harris Shriver & Jacobson LLP.

  • May 22, 2025

    NYC Real Estate Week In Review

    Fried Frank and Kramer Levin are among the law firms that scored work on the largest New York City real estate deals to hit public records last week, a slow period that saw only five matters above the $20 million mark become public.

  • May 22, 2025

    Coalition Backs Calif. Tribe's Fight Over $700M Casino Project

    A coalition of tribes weighed in on a dispute over the federal government's decision to rescind gambling eligibility for the Scotts Valley Band of Pomo Indians' $700 million casino project, questioning the federal government's perceived acquiescence to pushback from other tribes.

  • May 22, 2025

    Trustee Alleges Developer Sold Gas Rights To Avoid Creditors

    A bankrupt developer sold its oil and gas rights to an affiliated company for only $100 per parcel in order to keep them from becoming part of the bankruptcy estate, the estate's trustee has claimed in an adversary complaint.

  • May 22, 2025

    NYC Landlord Pinnacle Files Ch. 11, Claiming $500M-Plus Debt

    A group of entities for New York landlord Pinnacle Group has filed for Chapter 11 protection in federal bankruptcy court, claiming at least $500 million in assets and liabilities on a portfolio of 82 holding companies.

  • May 22, 2025

    Ore. Lawmakers OK Renewed Historic Preservation Credit

    An expired Oregon tax credit for historic preservation would be reauthorized and limited to commercial properties under legislation passed by the state Senate and headed to the governor.

  • May 21, 2025

    Developers' Lawyers Vying For NY Casino Licenses

    The contest to win a license for a full casino in New York City is heating up.

  • May 21, 2025

    Intel Investors Say They Fixed Suit Over Chipmaking Woes

    Intel Corp. investors say a California federal judge should reject the company's bid to dismiss a suit claiming it concealed problems in its domestic computer chipmaking business, arguing they have fixed all potential deficiencies in the suit that previously led to its dismissal.

  • May 21, 2025

    Pullman & Comley Hospitality Leader On Travel, Taxes, Tariffs

    Hotel owners are cautiously awaiting more clarity on what tariffs will look like going forward, and in the meantime, companies are reluctant to commit to new projects or renovations, Pullman & Comley's hospitality leader recently told Law360.

  • May 21, 2025

    Industry Group-Backed Bill Would Override NY Scaffold Law

    A bill introduced Wednesday would seek to supersede New York's Scaffold Law on federal projects, in a move to limit the scope of the longstanding rule that makes contractors and project owners strictly liable for the fall-related deaths of construction workers.

Expert Analysis

  • Contract Disputes Recap: Terminations Galore

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    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.

  • Making The Opportunity Zones Program Great At Last

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    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.

  • Investor Essentials For Buying Federally Owned Property

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    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.

  • How 2025 Is Shaping The Future Of Bank Mergers So Far

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    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.

  • Why NY May Want To Reconsider Its LLC Transparency Law

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    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.

  • Dewberry Ruling Is A Wakeup Call For Trademark Owners

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    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.

  • How GSA Lease Clauses May Affect DOGE Terminations

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    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.

  • What SDNY Judge Can And Can't Do In Adams Case

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    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.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • Corp. Transparency Act's Future Under Treasury's Bessent

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    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.

  • Nippon Order Tests Gov't Control Over Foreign Investments

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    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.

  • A Look At A Possible Corporate Transparency Act Exemption

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    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.

  • As EPA Backs Down, Expect Enviros To Step Up Citizen Suits

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    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.