Commercial

  • November 03, 2022

    Veris Residential Rejects Nearly $1.5B Kushner Takeover Bid

    New Jersey-based Veris Residential Inc. on Thursday said it is rejecting Kushner Cos.' unsolicited proposal to acquire it for $16 per share, or around $1.46 billion, saying it believes the bid undervalues the company and is unfair to its shareholders.

  • November 03, 2022

    NYC Buildings Department Head Resigns

    New York City Department of Buildings Commissioner Eric Ulrich resigned Thursday morning, Mayor Eric Adams' office announced, two days after the New York Times reported that Ulrich had been questioned as part of an illegal gambling probe.

  • November 03, 2022

    SEIU's No. 2 Says Electing Worker Champions Is Critical

    SEIU, the second-largest union in the U.S., has had members don T-shirts bearing its signature purple color to knock on doors to boost candidates it sees as champions for workers in this year's midterm elections. To get a better understanding of what’s at stake, Law360 spoke with its No. 2 official, Secretary-Treasurer April Verrett.

  • November 02, 2022

    Trump Wants To Block NY AG From Seeing Revocable Trust

    Former President Donald Trump sued New York Attorney General Letitia James in Florida on Wednesday, asking for an injunction barring her from exercising any authority over the revocable trust that was named as a defendant in James' $250 million fraud suit against the former president.

  • November 02, 2022

    Ex-Cay Clubs Exec Seeks New Trial After Bank Fraud Verdict

    A former executive of Cay Clubs Resorts and Marinas asked a Florida federal judge on Wednesday for a new trial after he was found guilty of bank fraud, arguing that he was convicted based on witness testimony that wasn't based on firsthand or expert knowledge as well as documents that contained inadmissible hearsay.

  • November 02, 2022

    3 Real Estate Trends To Watch In The Post-Pandemic World

    One of the seemingly paradoxical impacts of the COVID-19 pandemic was how the coronavirus managed to bring life to a standstill, yet brought about major changes that in many instances rapidly advanced our use of technology or how we do things.

  • November 02, 2022

    Texas Court Frees MetroPCS From Security Guard Death Suit

    A Texas appellate court ruled that MetroPCS Texas LLC need not face a suit brought by the wife of a security guard fatally shot while working at a strip mall, after finding that the company's contract with a tenant was insufficient to establish jurisdiction. 

  • November 02, 2022

    Trump Can't Halt AG's $250M Fraud Suit Or Swap Judges

    On the eve of a hearing that could install a monitor over the Trump Organization and freeze its assets, former President Donald Trump lost a bid for a temporary restraining order Wednesday to halt the New York attorney general's case and transfer it to a new judge.

  • November 02, 2022

    Justices Urged To Reverse 6th Circ.'s OK Of Easement Regs

    The U.S. Supreme Court should reverse a Sixth Circuit decision finding Treasury complied with public feedback rules in issuing conservation easement regulations, a preservation group said Wednesday, arguing the decision could encourage agencies to ignore requirements "designed to ensure prudent rulemaking."

  • November 02, 2022

    Retail REIT Accused Of Age Bias By Ex-Leasing Director

    A 66-year-old former employee of a shopping mall real estate investment trust has alleged in Georgia federal court that the company discriminated against him on account of his age by firing him and filling his position with someone 23 years younger.

  • November 02, 2022

    Snow Damage Coverage Question Limited To Roof Membrane

    A Montana federal judge partially dismissed a coverage dispute over snow damage to a physical therapy office's building, finding that coverage isn't owed for things including snow removal and cracked ceiling tiles but questioning whether damage to the roof membrane is.

  • November 02, 2022

    Brokerage Can't Use Or Sell Info During Trade Secrets Suit

    A New York federal judge barred a commercial real estate brokerage from using or selling business information a competitor alleges was stolen from its proprietary database while a trade secrets suit against the brokerage and other key actors plays out.

  • November 02, 2022

    Dinsmore Grows Real Estate Group With New Pittsburgh Atty

    Dinsmore & Shohl LLP has expanded its Pittsburgh office with the addition of a real estate attorney who left Strassburger McKenna Gutnick & Gefsky to join the firm.

  • November 02, 2022

    Real Estate Lawyers On The Move

    BCLP, Venable and Greenberg Traurig are among the law firms that made recent real estate or construction hires.

  • November 02, 2022

    Real Estate Rumors: Walton Street, San Antonio, Ganni

    Walton Street Capital has reportedly loaned $65.8 million for a Tampa Sheraton in Florida, San Antonio is said to be partnering with Morgan Group on a mixed-use project, and Ganni is said to be leasing 5,750 square feet in New York City.

  • November 02, 2022

    Kirkland & Ellis Guides $120M Fla. Loan

    Fleamasters Flea Market has landed a $120 million loan from Fortress Credit Corp. for a Fort Myers, Florida, property, according to documents made public on Wednesday in Lee County that show Kirkland & Ellis worked on the matter.

  • November 02, 2022

    JLL Misses 3Q Target With Rising Rates Driving Slowdown

    Chicago-based Jones Lang LaSalle posted third-quarter results that missed analyst expectations Wednesday as rising rates caused a contraction in commercial real estate, slowing down capital markets faster than expected.

  • November 01, 2022

    EB-5 Investor Says Hawaii Resort Investment Never Returned

    An EB-5 visa investor filed suit against a tangle of companies and individuals that he says conspired to divert his investment for personal gain, telling the New York Supreme Court on Tuesday that he never got his money back after triggering a withdrawal clause in the investment agreement.

  • November 01, 2022

    Ex-Apple Worker Admits He Ripped Tech Giant Off For $17M

    A former Apple employee responsible for making purchases for the company pled guilty to conspiracy to commit fraud as part of a kickback scheme that led to losses of more than $17 million for the Silicon Valley giant, the U.S. Department of Justice announced Tuesday.

  • November 01, 2022

    Insurers Want Arbitration In $2.7M Church Storm Damage Row

    A New Orleans church is required by its insurance policy to take its claims of more than $2.7 million for damage due to Hurricane Ida and Tropical Storm Nicholas to arbitration, a group of insurers told a Louisiana federal court Tuesday.

  • November 01, 2022

    Ga. Judges Partly Revive Case Against County Staffers

    Georgia's Court of Appeals on Monday found that a Forsyth County commissioner and an inspector can't escape claims that they trespassed and invaded the privacy of property owners during an investigation of construction work on an equestrian center, but said the officials were immune from claims that they misused their positions to interfere with the work.

  • November 01, 2022

    Cardboard Co. Fights $7.8M Arbitration Judgment

    A cardboard box maker has urged a Virginia federal court to preserve its bid to throw out a $7.8 million arbitration judgment over the construction of its Virginia-based packaging manufacturing facility, insisting that the petition does not have "exceptional circumstances" that would warrant dismissing in favor of parallel state court proceedings.

  • November 01, 2022

    Miami-Dade Backs Industrial Park Outside Development Area

    The Miami-Dade Board of County Commissioners voted on Tuesday to allow an industrial park on 379 acres outside the county's urban development boundary despite concerns from environmentalists about threats to nearby Biscayne Bay and local water supplies.

  • November 01, 2022

    EB-5 Center Says Investors Got What They Signed Up For

    A New York regional EB-5 center hit back at a lawsuit alleging it defrauded more than 100 Chinese investors of $57 million, saying the investors "knowingly assumed" their risks and were ultimately able to apply for the U.S. green cards they wanted.

  • November 01, 2022

    Ohio School Board Can't Appeal Property Value, State Rules

    An Ohio school board cannot appeal a real estate valuation because the board didn't prove it leases or owns the property at issue, which is required for an appeal under a new law, the state Board of Tax Appeals ruled.

Expert Analysis

  • The Importance Of Data And Data Analysis In Litigation

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    Understanding, analyzing and effectively presenting large data sets is an increasingly important skill in litigation as it allows plaintiffs to dramatically scale up the scope of cases and is often critical to defeating motions to dismiss and motions for summary judgment, says David Burnett at Motley Rice.

  • Performance Bonds May Not Cover All Contract Obligations

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    Supply chain constraints and higher material prices in the construction industry are leading many project owners to require payment and performance bonds from contractors, but owners should keep in mind certain legal and practical considerations that may allow sureties to escape liability, says Daniel Miktus at Akerman.

  • Untangling A Web Of State Regulations For Cannabis Lounges

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    Though a number of states have legalized adult-use marijuana, progress toward widespread licensing of cannabis consumption lounges has been slow due to high operational costs and regulatory complexities that vary greatly from state to state, say Meital Manzuri and Alexis Lazzeri at Manzuri Law.

  • Steps Companies Can Take To Mitigate Privilege Labeling Risk

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    Although Google prevailed on a recent privilege labeling sanctions motion, an important takeaway from the decision is that companies should assess their in-house procedures and employee training programs regarding privileged communications to mitigate risks of the potential appearance of bad faith privilege claims, say Gareth Evans at Redgrave and e-discovery attorney James Hertsch.

  • Contract Diligence Is Key Amid EV Facility Construction Boom

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    As demand for new electric vehicle manufacturing facilities rises, manufacturers must recognize that such construction projects are uniquely complex undertakings with potentially mammoth financial risks, and draft contracts accordingly, says Chris Caputo at Baker Donelson.

  • What Litigation Funding Disclosure In Delaware May Look Like

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    A standing order issued by Delaware's chief federal judge requiring litigants to disclose whether their cases or defenses are being financed by third parties is unlikely to have onerous effects but may raise questions regarding potential conflicts of interest and access to justice, say Cayse Llorens and Matthew Oxman at LexShares.

  • Commercial Tenant Takeaways From Conn. COVID Ruling

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    The Connecticut Supreme Court's recent decision in AGW Sono Partners v. Downtown Soho, finding that COVID-19 health emergency orders did not excuse a tenant from its lease obligations, highlights long-standing obstacles for commercial tenants who may be hoping for COVID-19 rent abatement relief, says Noble Allen at Hinckley Allen.

  • What To Expect From CFPB's Entry Into Cryptocurrency Arena

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    As consumer cryptocurrency offerings become more prevalent, it's important to consider how the Consumer Financial Protection Bureau might regulate this area, including what kind of services it will focus on and what kind of authority it could draw on when pursuing enforcement actions, say attorneys at Goodwin.

  • How In-House Legal Leaders Can Drive Corporate Growth

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    Today, more executives are seeking legal leaders who are strategic, adaptable thinkers, making it essential that in-house counsel get out of their comfort zone of legal advice and take several steps to contribute toward revenue growth and raise their profile, says Tim Parilla at LinkSquares.

  • Attorneys Should Tread Carefully On Job Counteroffers

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    Promises of more compensation to keep attorneys from leaving their jobs have become commonplace in today's hot job market, but lawyers should weigh their options carefully as accepting a counteroffer can negatively affect their reputation, says Leeron Molloy at VOYlegal.

  • The Future Of Legal Ops: Time To Get Serious About Data

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    Most corporate legal departments collect surface-level data around their operations, such as costs and time to resolution, but legal leaders should explore more in-depth data gathering to assess how effective an attorney was, how efficiently legal work was performed, and more, says Andy Krebs at Intel.

  • Insight Into California's Increasing Cannabis Litigation

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    California's cannabis industry is experiencing a swirl of challenges leading to a rise in cannabis-related litigation ranging from breach of contract claims to employment disputes — but companies can take several steps to avoid these growing pains, say Alexa Steinberg and Steven Stein at Greenberg Glusker.

  • Ohio Tax Talk: Unpacking The New Property Tax Procedures

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    New procedures for challenging real property tax valuations in Ohio may reduce tax revenue for political subdivisions and school districts, but are also likely to help boost development in the state and streamline its real estate tax, say Yazan Ashrawi and Raghav Agnihotri at Frost Brown.