Commercial
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July 07, 2025
Maine Authorizes Task Force To Explore Property Tax Changes
Maine authorized the creation of a task force to explore the need for legislation and constitutional amendments to provide more effective property tax relief for residents under a bill signed by the governor.
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July 07, 2025
Tishman Speyer Lands $385M Refi For NYC Office Tower
Tishman Speyer landed a $385 million refinancing of its Class A office property at 300 Park Ave., two years after its commercial mortgage-backed securities loan was sent to special servicing, the property owner announced Monday.
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July 07, 2025
NY Firm Guides Power Authority On $206M Queens Site Buy
The New York Power Authority, advised by Bleakley Platt & Schmidt LLP, has completed a $206 million acquisition of a former Queens power plant site from a BP affiliate, with the purchase intended to bolster clean energy infrastructure.
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July 03, 2025
NY Landlord Sues Walmart, Others In Del. Alleging Fraud
A New York City landlord sued Walmart Inc. and the bankruptcy successor to Bonobos Inc. in Delaware's Court of Chancery late Thursday, asserting hundreds of million in claims and compensatory and punitive damages under both Delaware and New York law arising from an allegedly fraudulent transfer of a Fifth Avenue retailer's lease and obligations.
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July 03, 2025
Gov't Must Still Face Claim In Calif. Shipyard Cleanup Suit
A California federal judge on Thursday granted the U.S. government's bid to trim some claims from a suit challenging aspects of the Hunters Point Naval Shipyard Superfund site cleanup in San Francisco, but not all of them.
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July 03, 2025
Fla. Court Rejects Oral Pact Cutting Loan Interest To 7%
A Florida state appeals court has sided with a Nevada-based lender, reversing an oral agreement to reduce interest on a $2.6 million loan from 25% to 7%, saying such agreements must be in writing.
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July 03, 2025
The Firms That Won Big At The Supreme Court
The number of law firms juggling three or more arguments before the U.S. Supreme Court this past term nearly doubled from the number of firms that could make that claim last term.
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July 03, 2025
Residents Urge Judge To Redo Ruling Backing Alaska Casino
A group of Anchorage, Alaska, residents opposed to a plan to build a casino urged a federal judge to reconsider a ruling finding the Native Village of Eklutna has sovereign immunity and can't face a lawsuit seeking to block the development plan.
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July 03, 2025
Breaking Down The Vote: The High Court Term In Review
The U.S. Supreme Court once again waited until the term's closing weeks — and even hours — to issue some of its most anticipated and divided decisions.
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July 03, 2025
EQT Fund Snaps Up Calif. Industrial Portfolio
EQT Real Estate's industrial fund acquired a 2.04 million-square-foot portfolio of four fully leased, Class A modern logistics facilities in Manteca, California, the real estate arm of EQT Group announced.
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July 02, 2025
How CEQA Reforms Address California's Housing Squeeze
California lawmakers on Monday enacted a new set of escape routes to the California Environmental Quality Act, the state law blamed for constricting housing development to a crisis point. Experts told Law360's Real Estate Authority that while the changes could speed permit processing in some cases, previous attempts to spur housing development by easing CEQA restrictions have proven ineffective.
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July 02, 2025
Construction Co.'s Unit Wins $220M Casino Expansion Deal
A subsidiary of construction company Tutor Perini Corp. won a $220 million contract from the Tule River Indian Tribe's gaming authority to expand the tribe's Porterville, California, casino by building a new tower and events center.
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July 02, 2025
6 States Attys Are Watching For Data Center Energy Policy
Lawmakers and regulators across the country are mulling new policies to address data center energy needs, and while Virginia tends to get a lot of attention on the issue, several other states are also worth keeping tabs on for possible rule changes, according to attorneys.
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July 02, 2025
Local Restrictions In New Fla. Hurricane Law Cause Friction
The Florida Senate hailed the signing late last week of a wide-ranging bill aimed at bolstering the state's handling of hurricanes, but a legal battle could lie ahead, as Gov. Ron DeSantis provided his signature over objections that portions will trample on local governments' authority to regulate land use and development in their own communities.
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July 02, 2025
Judge Backs Forest Service In Idaho Logging Project Dispute
An Idaho federal judge has tossed Rocky Mountain conservation advocates' lawsuit alleging the U.S. Forest Service failed to properly analyze impacts on animal species when it approved a logging and construction project in the Idaho panhandle.
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July 02, 2025
Charter School Funder Gets Nod For $5M Ch. 11 Financing
A Delaware bankruptcy judge said he would grant interim approval to a $5 million debtor-in-possession loan for Charter School Capital Inc., a company that provides funding for charter schools across the country, as it seeks to sell its business by the end of the month.
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July 02, 2025
Legal Sector Sees Record Leases As Firms Eye Premium Digs
Law firm office leasing is off to a red-hot start in 2025, signaling "a long-term commitment to high-quality real estate" in the legal sector even as other industries have reduced their office footprints due to technology and pandemic-driven disruptions, according to a new report.
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July 02, 2025
Fried Frank Guides Industrial Portfolio Recapitalization
Real estate investment firm and developer Crow Holdings, advised by Fried Frank Harris Shriver & Jacobson LLP, recapitalized a 6 million-square-foot, 25-property industrial portfolio with Blackstone-affiliated funds, according to a Tuesday announcement from Newmark Group, which provided guidance for the recapitalization.
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July 02, 2025
Norton Rose Hires K&L Gates Real Estate Ace In LA
Norton Rose Fulbright is building on its California footprint, announcing Wednesday it is bringing in a K&L Gates LLP real estate pro as a partner in its Los Angeles office.
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July 02, 2025
Investor Says Houston Apt. Owner Diverted $17M In Proceeds
An investor controlled by bridge lender KHCA Funding LLC has filed suit against the owner and operator entities of a multifamily building in Houston, alleging that $17.6 million in investment proceeds it was due were improperly diverted elsewhere by the company.
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July 02, 2025
What '80s Rock Tells Us About Commercial Real Estate Today
In its 1980s hit "Here I Go Again," recorded three times over a period of five years, the rock group Whitesnake declares: "I don't know where I'm going, but I sure know where I've been."
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July 01, 2025
8 NYC Casino Applicants Meet Deadline For Key Licenses
A series of multibillion-dollar applications rolled in ahead of a June deadline for the three coveted casino licenses up for grabs in New York, with prospective developers promising millions for infrastructure upgrades, housing development and other community needs.
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July 01, 2025
Detention Center Owner GEO Spends $60M On Calif. Facility
The GEO Group, an owner and operator of detention centers, said Tuesday it has struck a deal to buy a facility it leases in San Diego from an affiliate of investment firm Holland Partners Group for $60 million.
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July 01, 2025
US Trustee Questions Good Faith Of Bedmar Ch. 11 Filing
The federal bankruptcy watchdog moved to dismiss the Chapter 11 case of the property-lease holding subsidiary of pharmaceutical manufacturing company National Resilience HoldCo Inc. late Monday, saying in Delaware court filings that the petition wasn't filed in good faith.
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July 01, 2025
White And Williams Atty Named Pashman Stein RE Co-Head
Pashman Stein Walder Hayden PC announced Tuesday that an experienced New Jersey-based attorney has joined the firm from White and Williams LLP as a partner and the co-chair of its commercial real estate practice.
Expert Analysis
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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.
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Webuild Ruling Complicates Arb. Award Enforcement In US
A Delaware federal court's recent decision in Sociedad Concesionaria Metropolitana de Salud v. Webuild, if read literally, could undercut the United States' image as a proarbitration jurisdiction by complicating creditors' efforts to enforce awards against property in this country, says Jeff Newton at Omni Bridgeway.