Commercial

  • March 20, 2025

    Denver Environmental Lawyer Rejoins V&E From Kirkland

    Vinson & Elkins LLP has announced the return of a Denver environmental lawyer from Kirkland & Ellis LLP.

  • March 19, 2025

    Your Competition Is Probably Investing In Their Clients

    Legal advisers typically sit beside, not across, from their clients, and advise on deals rather than take part in them.

  • March 19, 2025

    California Rancheria Can Comment On Casino Land Dispute

    A D.C. federal judge has let the Redding Rancheria file a friend of the court brief in two tribes' challenge to the U.S. government's decision to take 221 acres into trust for the rancheria's casino project, ruling it has a special interest in the litigation.

  • March 19, 2025

    Nashville Developers Land $253M For 30-Story Hotel Tower

    Two real estate firms secured a $253 million financing package to build a 30-story hotel and condominium complex in Nashville's Paseo South Gulch district, borrower-side broker Walker & Dunlop said on Wednesday.

  • March 19, 2025

    Holland & Knight Attys On Undoing GSA Lease Terminations

    When the General Services Administration announced it was terminating roughly 1,000 of its leases, a pair of lawyers at Holland & Knight LLP started getting calls from clients. In some cases, they advised them that certain terminations were valid, while in others, they helped to restore improperly terminated leases. The pair recently spoke to Law360 Real Estate Authority on the evolving issue and how they're advising clients going forward.

  • March 19, 2025

    Law360 Announces The Members Of Its 2025 Editorial Boards

    Law360 is pleased to announce the formation of its 2025 Editorial Advisory Boards.

  • March 19, 2025

    Owners Probe Refi Possibilities In Clean Energy Finance Tool

    After a clean energy finance tool gained steam as a relatively low-cost, long-term financing option, property owners in some states are now leaning on its retroactive capabilities to free up capital and pay down senior lenders.

  • March 19, 2025

    Pot Co. Can't Upend Borough's Support For Rival Shop

    A New Jersey appeals panel won't let a would-be Keyport cannabis dispensary prevent the borough from granting support for a cannabis license to one of its rivals, saying the trial court was right to find that the process was not arbitrary or capricious.

  • March 19, 2025

    Wyo. Prescribes Order For Applying Property Tax Breaks

    Wyoming established an order in which property tax exemptions should be applied when multiple exemptions apply to the same property under a bill signed by the governor.

  • March 18, 2025

    J&J Denies 'Evil Motive' In Face Of $30M Talc Damages

    Johnson & Johnson did not act with the kind of "evil motive" that would justify a $30 million punitive damages award to a Connecticut man who won a lawsuit alleging its talc products caused his lung cancer, the company argued Tuesday in state court.

  • March 18, 2025

    Fla. Mall Investor Gets 5 Years In $77M WeWork Stock Fraud

    A Manhattan federal judge sentenced a real estate investor and former owner of a Florida waterfront shopping complex to five years in prison Tuesday following a fraud conviction in connection with manipulating the price of WeWork Inc.'s stock at $77 million shortly before the company declared bankruptcy.

  • March 18, 2025

    Conn. Coalition Can't Challenge Pot Shop Zoning Approval

    A Connecticut state judge has thrown out a challenge by a group of Stamford residents appealing the city zoning board's approval of a cannabis shop location, finding neither the coalition nor its individual members have shown they have standing.

  • March 18, 2025

    Bancorp Downplayed CRE Bridge Loan Risks, Investor Claims

    An investor in The Bancorp Inc. is accusing the financial holding company in Delaware federal court of causing stock value to decline by misleading investors, including by not fully disclosing how its commercial real estate bridge loans were in danger of defaulting.

  • March 18, 2025

    Fate Of Boston Women's Soccer Stadium Turns On Site Status

    Opponents of a $200 million project to turn a decrepit 75-year-old stadium into the home of a new professional women's soccer team at a historic Boston park urged a judge on Tuesday to find that officials have failed to follow a state law intended to preserve public parks.

  • March 18, 2025

    Excel, Ares Join For East Coast Hotel Portfolio Partnership

    Private equity firm Excel Group and Ares Management have teamed up to invest in a portfolio of Marriott- and Hilton-branded hotels across the East Coast, the companies said Tuesday.

  • March 18, 2025

    New Data Center JV Banks On Chevron Power Plans

    Investment firm Engine No. 1 and Crusoe Energy Systems LLC have announced they are partnering to develop a large-scale data center campus with artificial intelligence computing capabilities, which they say will benefit from a joint venture between Engine and Chevron announced earlier this year.

  • March 18, 2025

    DOJ Says Calif. City's Zoning Illegally Favors Secular Use

    The U.S. Department of Justice is backing a church in Santa Ana, California, claiming zoning rules violate federal law by favoring secular uses for an office building the congregation agreed to purchase before learning city rules require a permit to hold religious services.

  • March 17, 2025

    At Distressed Assets Forum, Lenders Say They're Doing OK

    Despite recent upticks in distress in commercial real estate and some foreboding statistics, bankers and private lenders speaking at a forum on distressed assets on Monday presented a rather optimistic outlook on being able to survive and even find opportunities in 2025.

  • March 17, 2025

    NY Tower Owner Buys Out JPMorgan Arm In $420M Deal

    Steiner NYC closed a $420 million recapitalization of a Brooklyn multifamily tower and bought out equity partner J.P. Morgan Asset Management, guided by in-house counsel and a Latham & Watkins LLP team.

  • March 17, 2025

    Hotel REIT Lands $126M To Renovate 12-Property Portfolio

    Hospitality-focused lender Access Point Financial provided a $126 million "fully funded loan" to American Hotel Income Properties REIT LP, which will use the funds to "refinance, renovate and upgrade" its 12-property U.S. hotel portfolio, the lender announced Monday.

  • March 17, 2025

    Brookfield Offloads Steeply Discounted NYC Office For $150M

    Brookfield Properties took a significant hit on the sale of a Manhattan office building, with county property records showing Monday that it sold 333 W. 34th St. for $150 million after purchasing the midtown building for $255 million.

  • March 17, 2025

    Fraud Victims Claim CRE Fintech Firm Skirted Securities Law

    A group of investors pointed to a recent fraud case in seeking to claw back more than $1 billion raised by fintech firm CrowdStreet, claiming in a proposed class action filed in Texas federal court that the platform operated outside state and federal financial regulations for a decade.

  • March 17, 2025

    Paul Hastings Guides Artemis From Founding To Takeover

    When Paul Hastings partner Joshua H. Sternoff was initially pitched on repping Debbie Harmon and Penny Pritzker in creating the first women-owned real estate investment business, he thought it was a bet worth taking. About 16 years and several fundraising cycles later, Sternoff and others at Paul Hastings steered Artemis Real Estate Partners through what might be its biggest move yet.

  • March 17, 2025

    Burr & Forman Vet Sees Bright Spot For Office Amid Clouds

    Burr & Forman LLP partner Brad Skidmore talks to Law360 Real Estate Authority about why he expects growth for the office real estate market despite a recent atmosphere of gloom and doom over the sector.

  • March 17, 2025

    Belkin Burden Hires Tax Exemption, Zoning Experts

    Belkin Burden & Goldman LLP announced Monday it has added five new attorneys from Seiden & Schein PC who will form the firm's new tax exemptions and zoning incentives department.

Expert Analysis

  • How Cities Can Tackle Post-Pandemic Budgeting Dilemmas

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    Due to increasing office vacancies around the country, cities may consider politically unpopular actions to avoid bankruptcy, but they could also look to the capital markets to ride out the current real estate crisis and achieve debt service savings to help balance their budgets, say attorneys at Cadwalader.

  • What Associates Need To Know Before Switching Law Firms

    Excerpt from Practical Guidance
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    The days of staying at the same firm for the duration of one's career are mostly a thing of the past as lateral moves by lawyers are commonplace, but there are several obstacles that associates should consider before making a move, say attorneys at HWG.

  • Guidance Adds Clarity To Energy Communities Bonus Credits

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    Recent IRS guidance on the Inflation Reduction Act's changes to tax credits for renewable energy projects offers much-needed pointers for developers and financing parties, and should allow them to more comfortably incorporate special bonus credits for projects in energy communities into their transactions, say Jorge Medina and Ira Aghai at Shearman.

  • Cannabis Supercenters: Key Benefits And Legal Issues

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    Barstow, California’s novel plan to convert an abandoned mall into a cannabis supercenter could offer a potential blueprint for cannabis companies to thrive in a saturated market and for communities to repurpose underutilized retail spaces — but certain financing, zoning and leasing issues will need to be assessed, says Christopher Gordon at Fox Rothschild.

  • EB-5 Reform Continues To Weigh Heavily On Participants

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    Recent U.S. Citizenship and Immigration Services guidance helps clarify aspects of the 2022 EB-5 Reform and Integrity Act, which increased oversight of EB-5 regional centers, but does not end the industry's continuing state of uncertainty, says Robert Divine at Baker Donelson.

  • EV Chargers Can Bring Benefits For Calif. Property Owners

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    California property developers and owners face growing pressure to provide electric vehicle charging infrastructure — but this can be a unique opportunity to add value to real estate assets, and can be accomplished in multiple ways, say Riley Cutner-Orrantia and Eurie Hwang at Crosbie Gliner.

  • Brownfield Renewables Guidance Leaves Site Eligibility Murky

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    Recent IRS guidance sheds some light on the Inflation Reduction Act's incentives for renewable energy development on contaminated sites — but the eligibility of certain sites for brownfield status remains uncertain, say Megan Caldwell and Jon Micah Goeller at Husch Blackwell.

  • Pending Legislation Holds Promise For SF Buildings

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    Recently introduced state and local legislation could make it easier for office-to-residential conversion projects in San Francisco to secure approval and funding sources, although financial incentives similar to those implemented by other states may be necessary to ensure the feasibility of such projects, say Caroline Chase and Nick DuBroff at Allen Matkins.

  • SVB Collapse Underscores Policy And Regulatory Pitfalls

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    The recent failures of three American banks reveal hidden vulnerabilities, raise concerns about moral hazard, and highlight the need for tighter regulation and closer monitoring of unrealized investment-portfolio losses in the U.S. banking system, says attorney Patrick Meson.

  • NY Bankruptcy Court Pivots On Commercial Rent Damage Cap

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    A New York bankruptcy court departed from its prior precedent in the recent Cortlandt Liquidating case, effectively lowering the commercial rent damages cap, and making the court a little less friendly for landlords but potentially an attractive venue for debtors planning to reject significant commercial leases, say attorneys at MoFo.

  • Bankruptcy Sales Uncertain After Justices' Section 363 Ruling

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    The U.S. Supreme Court's holding in MOAC v. Transform that Section 363(m) of the Bankruptcy Code is not a jurisdictional provision means parties to 363 sales are now at the mercy of courts that may have differing perspectives on the issue, creating uncertainty for trustees, third parties and purchasers, say Thomas Loeb and Carrie Brosius at Vorys.

  • Commercial Real Estate Lending Checkup Amid Market Unrest

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    Given the sustained volatility of current lending markets, now may be a good time for financing institutions to dust off their commercial real estate agreements and update them if necessary, say Emil Petrossian and Alexander Miller at Glaser Weil.

  • La. Suit Could Set New Enviro Justice Litigation Paradigm

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    Inclusive Louisiana v. St. James Parish, a lawsuit filed recently in Louisiana federal court that makes wide-ranging and novel constitutional and statutory claims of environmental racism based on centuries of local history, could become a new template for environmental justice litigation against governments and businesses, say attorneys at King & Spalding.