Commercial

  • November 07, 2022

    Mass. Attorney Can't Escape Pot Shop Bribery Charges

    A Massachusetts attorney lost a bid Monday to toss bribery charges stemming from his efforts to lobby the relative of a city's police chief to have the official back a marijuana company's application for a local retail license.

  • November 07, 2022

    Insurer Can't Duck Legal Malpractice Coverage, Atty Says

    An insurer for an attorney accused of misleading a client in a real estate deal never told him it was reserving its rights to defend him in the underlying lawsuit and therefore must continue to cover him, the attorney told a New York federal court.

  • November 07, 2022

    Chinese Hotel Chain, Workspace Firm Target $96M in IPOs

    Two Chinese companies launched plans on Monday for U.S. initial public offerings that could raise a combined $96 million, under the guidance of four law firms, adding life to an otherwise dormant IPO market.

  • November 07, 2022

    Real Estate Rumors: Webster, Golombeck, TF Cornerstone

    Webster Bank has reportedly loaned $40 million for a South Florida multifamily project, investor Zev Golombeck is said to have sold a Brooklyn development site for $43 million, and TF Cornershone is said to have leased out 14,837 square feet in lower Manhattan to a child care company.

  • November 07, 2022

    NJ Town Sues Neighbor City Over Plans For Ex-Roche Site

    The township of Nutley, New Jersey, has accused neighboring city Clifton of adopting a harmful redevelopment plan for a former Hoffmann-La Roche Inc. site that violates a Nutley zoning code, lacks state permits and will create "unsustainable" traffic.

  • November 07, 2022

    Mo. Commission Values Future Biz Space In Home As Residential

    A Missouri property should not have been assessed as a commercial property by a local assessor just because the owner applied for a federal loan to construct a commercial space, the state's tax commission said.

  • November 07, 2022

    Kelley Kronenberg Real Estate Atty Joins Taylor English In Fla.

    Taylor English Duma LLP added to its South Florida office a new real estate partner from Kelley Kronenberg who has more than a decade of experience.

  • November 07, 2022

    Skadden, King & Spalding Guide $4.3B Canadian REIT Deal

    Skadden Arps Slate Meagher & Flom LLP and King & Spalding LLP are advising GIC and Dream Industrial REIT in a deal to acquire Canadian company Summit Industrial Income REIT for approximately $4.37 billion (5.9 billion Canadian dollars), the companies announced Monday.

  • November 07, 2022

    Catching Up With Delaware's Chancery Court

    New cases in Chancery Court last week ranged from cannabis control in California to fraud claims in Rwanda, while decisions covered everything from yoga to attorneys blacklisted from concert halls. Oddly enough for Chancery Court regulars, the Twitter disputes happened elsewhere.

  • November 07, 2022

    Levitt & Boccio Guides $55M Buy Of South Florida Apartments

    Levitt & Boccio handled Related Companies' $55 million purchase of Monterra Apartments, a 300-unit garden-style development in Broward County, Florida, according to a deed recorded with the county on Monday.

  • November 07, 2022

    UT Austin Restaurant Loses COVID-19 Coverage Suit

    A restaurant near the University of Texas at Austin lost its bid for at least $1 million in COVID-19-related coverage when a Texas federal judge adopted a magistrate judge's findings that the establishment had not suffered physical loss or damage because of the virus.

  • November 07, 2022

    Justices Reject Separate Pleading For Developer In Fraud Case

    The U.S. Supreme Court on Monday denied a request from a developer to argue his case separately as he and a former aide to New York Gov. Andrew Cuomo challenge their fraud convictions in a bid-rigging scheme.

  • November 07, 2022

    IRS Seeks Feedback On Disclosure Forms

    The Internal Revenue Service sought feedback Monday on forms used to make disclosures that can lower penalties for understating tax liabilities or ignoring rules.

  • November 07, 2022

    Vatican Hits Back At Italian Financier In London Property Suit

    The Vatican is fighting an Italian financier's effort to win a ruling that a controversial £40 million ($46 million) London property deal his company handled was executed in good faith, saying that he merely sued to offset the harm similar proceedings against him at the Vatican have done to his reputation.

  • November 07, 2022

    Mo. Tax Board Upholds Restaurant Values Despite COVID

    Reduced income from two Missouri restaurants due to pandemic-related restrictions was not enough to lower their valuations for property tax purposes, a state tax board said.

  • November 07, 2022

    3 Gold Mine Investment Fraudsters Get Suspended Sentences

    Three out of four men who admitted conning hundreds of people out of £5.4 million ($6.2 million) in a gold mine investment scheme escaped an immediate prison sentence at a London court on Monday.

  • November 07, 2022

    SPC Guides $360M Financing For US Self-Storage Portfolio

    Angelo Gordon and Andover Properties, advised by SPC LLP, has landed $360 million in financing for a 3.9 million-square-foot portfolio of self-storage space in the U.S., according to a Monday announcement by Newmark Group.

  • November 07, 2022

    Solicitor General Can Weigh In On Sears Ch. 11 Lease Fight

    The U.S. Supreme Court on Monday granted the request of the solicitor general to weigh in on a lease sale fight between formerly bankrupt retailer Sears and the Mall of America over the transfer of a store lease at the sprawling Minnesota shopping center.

  • November 04, 2022

    4 Tips For Applying ESG In Construction Industry

    Climate change and globalization have led to environmental, social and governance principles coming to the forefront in the construction industry, lawyers in the sector said at the International Bar Association's recent annual meeting in Miami. Here are four takeaways for how to achieve ESG obligations in construction.

  • November 04, 2022

    Cleveland To Weigh Burke Lakefront Airport Closure

    Cleveland is weighing the possibility of closing the Burke Lakefront Airport on the shores of Lake Erie, the city announced via a request for proposals for an economic impact analysis of the airport and future possible alternatives.

  • November 04, 2022

    Topgolf Plans Construction Of New Venue In Boston Area

    Topgolf International Inc. said Friday that it has started to build a new entertainment, sports bar and restaurant venue in the Boston area, bringing the 81-location multinational company to Massachusetts for the first time.

  • November 04, 2022

    Title Insurer Settles $19M Wire Fraud Suit With Texas Pair

    Old Republic National Title Insurance Co. reached a $300,000 settlement with a Texas couple and their LLC after the insurer alleged it was tricked into wiring more than $19 million to the wrong recipients.

  • November 04, 2022

    NY Atty Suspended Amid Overdrawn Escrow Investigation

    A New York attorney has been suspended from practicing law after he failed to cooperate with an inquiry from an attorney grievance committee of a state appeals court that was looking into his escrow account after it was overdrawn.

  • November 04, 2022

    Trump Org. Trial Delayed Again With Key Witness Still Unwell

    The Manhattan district attorney's criminal case against the Trump Organization was delayed again Friday when the judge learned company controller and lead witness Jeffrey McConney was "still sick" with COVID-19, a court official said, pushing trial back another week.

  • November 04, 2022

    Polsinelli Assists On $475M Nursing Home Loan

    Polsinelli PC guided a $475 million mortgage loan for a nursing home in Rockledge, Florida, according to a document filed with the Brevard County clerk's office on Thursday.

Expert Analysis

  • Another Retail Bankruptcy Wave May Be On Its Way

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    Despite the low number of retail bankruptcy filings over the last year, record high inflation, heightened inventory levels and a potential recession have begun to trigger an uptick in distress across the retail sector, which could lead to a rise in bankruptcies, say George Angelich and Brett Goodman at ArentFox Schiff.

  • Tips For Handling Audio Data In E-Discovery Post-Pandemic

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    The rise of remote meetings during the COVID-19 pandemic has boosted the volume and importance of audio data in e-discovery — so organizations in highly regulated industries must collect and process that data, and establish complex strategies to manage their audio records, says Jack Bullen at FTI Consulting.

  • Navigating Single-Asset Real Estate Status In Bankruptcy

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    A California district court recently held that a property that doesn’t produce income is a single-asset real estate debtor in Shady Bird Lending v. The Source Hotel, highlighting how such designation can affect the trajectory of Chapter 11 bankruptcy cases and how a creditor secured by such property can obtain relief from the automatic stay, say attorneys at Kramer Levin.

  • Stress-Testing A Real Estate JV Ahead Of New Challenges

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    In the face of potential economic headwinds, sponsors and capital partners should reexamine existing real estate joint venture agreements and pay particular attention to the concepts of capital contributions and control, say Daniel Guggenheim and Michael Soejoto at Mintz.

  • Strategies For Effectively Marketing Law Firm ESG Practices

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    As law firms increasingly launch stand-alone environmental, social and corporate governance practices amid rising client demands, they should consider new marketing and client development practices that illuminate their capabilities as well their own sustainability and ethics-related initiatives, says Elle Walch at Ball Janik.

  • Agreement Among Litigants Key To Using E-Discovery Tech

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    Parties are increasingly using e-discovery technologies to control costs, but as a New York federal court order in Actos Antitrust Litigation shows, a well-drafted, negotiated protocol allows them to address potential objections prior to use and helps protect against later claims of incomplete production, say attorneys at McGuireWoods.

  • Law School Admissions Shouldn't Hinge On Test Scores

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    The American Bar Association recently granted law schools some latitude on which tests it can consider in admissions decisions, but its continued emphasis on test scores harms student diversity and is an obstacle to holistic admissions strategies, says Aaron Taylor at AccessLex.

  • Tracking Class Certification Changes, 1 Year After TransUnion

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    In the year since the U.S. Supreme Court's TransUnion v. Ramirez decision, defense lawyers have invoked it as support for denying class certification or decertifying classes — but an analysis suggests that the main impact of the ruling has simply been closer scrutiny of class definitions by district courts, say James Morsch and Jonathan Singer at Saul Ewing.

  • Embracing Revenue Operations For Strong Law Firm Growth

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    The concept of revenue operations — a management strategy commonly used in high-growth sectors that involves integrating all departments to address and fulfill client needs — can help law firms develop their own growth strategies, including strengthening client relationships, says Dave Southern, a business development and marketing professional.

  • New P3 Authority Means Opportunities For Colo. Agencies

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    A recently passed Colorado law expanding public-private partnerships changes state-level project finance and infrastructure dramatically, allowing virtually all state agencies to avail themselves of P3 benefits including cost and schedule savings, sharing of risk, and access to innovation and private sector efficiency, say Gregory Johnson and Peter Gould at Squire Patton.

  • Make Room For Serendipity In Your Legal Job Search

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    Landing your dream legal job gets easier when you cultivate serendipity — which involves expanding and deepening your network, while being flexible, authentic and engaged with the world around you, says Anna Sanders at VOYLegal.

  • Assessing Risk Amid Rise Of Building Info Modeling Tech

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    As the architectural, engineering and construction industry increasingly utilizes building information modeling software, which shifts some risk to contractors, users should take steps to avoid legal risks, while enhancing projects' production and progression, says Ivan Sarkissian at McConaughy & Sarkissian.

  • Ethics Considerations For Attorneys Joining Nonprofit Boards

    Excerpt from Practical Guidance
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    Many charitable organizations offer attorneys board positions to benefit from their specialized legal knowledge, but there are ethical considerations and liability dangers that demand lawyers set boundaries about their roles and responsibilities, says Patrick Sturm at LexisNexis.