Commercial
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June 04, 2025
Amazon Plots $10B North Carolina Data Center Expansion
Amazon on Wednesday said it plans to invest $10 billion in data center infrastructure for artificial intelligence and cloud computing on a campus in rural North Carolina.
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June 04, 2025
CORRECTED: Nixon Peabody Guides $365M Bond Deal For UN Properties
United Nations Development Corp. issued a bond worth $365 million for two of the public benefit corporation's Manhattan properties in a deal guided by Nixon Peabody LLP, according to official property records filed Wednesday.
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June 04, 2025
SEC Says Accountant Errors Don't Doom Crowdfunding Case
The U.S. Securities and Exchange Commission told a Michigan federal judge Wednesday that mistakes in one of its accountant's declarations do not warrant the dismissal of its first crowdfunding enforcement action, arguing the SEC's lawyers acted in good faith when they alerted the court to the errors.
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June 04, 2025
Retail Real Estate Group Promotes Atty To Public Policy Chief
The ICSC has promoted an in-house attorney with Capitol Hill leadership experience to head its public policy, the global trade association of the retail real estate industry announced Wednesday.
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June 04, 2025
Davis Polk Guides Utility Developer Acquisition
Partners Group on Wednesday announced that it has acquired a utility developer from venture capital firm EnCap Investments, in a deal advised by Davis Polk & Wardwell LLP.
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June 04, 2025
Ohio Justice Questions School Board's Tax Appeal Claim
An Ohio justice criticized a school board's claim that state law allows it to appeal administrative property valuation rulings to county courts when the board doesn't own the property at issue.
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June 04, 2025
Ex-Kirkland Project Finance Atty Joins McGuireWoods In NY
McGuireWoods LLP has added Sharaf Islam as a partner from Kirkland & Ellis LLP to help expand the firm's project finance group with an attorney versed in digital infrastructure and renewable-energy deals.
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June 04, 2025
ArentFox Hospitality Atty Says Trade War May Spark Litigation
With the cost of some materials rising as a result of President Donald Trump's trade war, more lawsuits over which party is responsible for extra costs at hotel projects could be on the way, one of ArentFox's hospitality leaders told Law360 Real Estate Authority.
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June 04, 2025
Nashville Mixed-Use Megaproject Wins $25M Early Loan
Miami-based lender BridgeInvest said it has provided a $25 million loan to refinance and pay for early development costs of a site in Nashville, Tennessee, set to include an apartment tower, luxury condos and an upscale hotel.
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June 04, 2025
Brookfield Plugs $10B Into Swedish AI Hub
Private equity giant Brookfield Asset Management announced Wednesday it will invest up to 95 billion Swedish krona (around $10 billion) into the construction of a new data center in Sweden that will support artificial intelligence development.
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June 04, 2025
Petersen Health Nearing Deal To Avert Ch. 7 Liquidation
Counsel for skilled nursing facility operator Petersen Health Care told a Delaware bankruptcy judge Wednesday it expects to reach a deal allowing the debtor to seek confirmation of a Chapter 11 liquidation plan next week and avoid a Chapter 7 liquidation of its remaining assets.
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June 04, 2025
Warehouse REIT Backs Blackstone's Lower £470M Bid
Warehouse REIT said Wednesday that it has backed a revised £470 million ($638 million) cash offer from U.S. private equity giant Blackstone despite a row over the valuation of the London-listed investor's property portfolio.
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June 03, 2025
Prosecutors Take Second Stab At Convicting Dallas Developer
Federal prosecutors started a second run at convicting a Dallas real estate developer of bribing two city council members, telling a jury during opening arguments Tuesday that the developer had a "silent partnership" with elected officials in exchange for favors.
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June 03, 2025
Conn. Real Estate Execs Say Investors Weaponized Courts
Three executives for a real estate development firm have accused their former business partners in Connecticut Superior Court of weaponizing the courts to lodge "a multi-year, multi-forum legal assault" with "fabricated" claims.
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June 03, 2025
Electrical Parts Co. Owes $1M For Fire Loss, Insurer Says
A manufacturer of electrical cables is responsible for over $1 million in damages for a fire at a Philadelphia-based discount department store, an insurer told a Pennsylvania federal court, saying the blaze was caused by the manufacturer's defective armored cabling.
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June 03, 2025
Latham-Led Insurer Of Small Businesses Targets $100M IPO
Small-business-focused excess and surplus insurer Ategrity Specialty Holdings LLC on Tuesday unveiled a price range on an estimated $100 million initial public offering, represented by Latham & Watkins LLP and underwriters Skadden Arps Slate Meagher & Flom LLP.
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June 03, 2025
Stibbe, A&O Shearman Guide $13.8B Healthcare REIT Merger
Belgian real estate investment trusts Aedifica NV and Cofinimmo NV said Tuesday they have agreed to merge, forming what they said will be Europe's largest healthcare real estate investment trust, with a combined gross asset value of approximately €12.1 billion ($13.8 billion).
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June 03, 2025
Texas Gives Some Property Owners More Time To Pay Taxes
Some Texas property owners whose taxing authorities allow bills to be paid in two installments will get more time to make their initial payment under legislation signed by Gov. Greg Abbott.
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June 03, 2025
US Withdraws From El Paso Tribal Land Ownership Dispute
The U.S. says it no longer wants to intervene in a dispute between the Ysleta del Sur Pueblo and the city of El Paso, Texas, over 155 acres of land, a shift in position from the prior administration that argued it never authorized non-Native Americans to usurp the tribe's property.
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June 03, 2025
Supreme Court Won't Hear Mich. Gym's COVID Closure Suit
The U.S. Supreme Court on Monday said it would not hear a petition from a Michigan gym seeking compensation from the state for the economic losses it suffered after being forced to scale back services or close during the height of the COVID-19 pandemic.
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June 03, 2025
Simpson Thacher Adds Ex-Weil M&A Pro In NYC
Simpson Thacher & Bartlett LLP announced Monday the hiring of a former counsel at Weil Gotshal & Manges LLP as a partner in its mergers and acquisitions practice in New York.
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June 03, 2025
Multifamily Owner BAM Cos.' GC Tapped As Business Chief
The BAM Cos. announced Tuesday that the multifamily community owner and operator has selected its general counsel to serve as chief business officer, adding that another internal candidate will step in as the firm's chief operating officer.
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June 03, 2025
Oregon Sen. OKs Extending Brownfields Property Tax Break
Oregon would extend its program of local property tax incentives for brownfield development for six years under legislation passed unanimously by the state Senate on Tuesday.
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June 03, 2025
Estate, Lawyer And Law Firm Clash Over Malpractice Liability
Wachtel Missry LLP and a former client's estate are once again at odds in Brooklyn federal court after a judge found a September jury verdict unclear on liability in the case of a former law firm partner's alleged abuse of an elderly client, with all three parties arguing over the scope of a new trial.
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June 03, 2025
Starwood Capital Raises $2.9B For Private Credit Funds
Starwood Capital Group announced Tuesday that it has closed a series of private credit vehicles focused on the U.S., Europe and Australia after securing a total of $2.86 billion in capital commitments from investors.
Expert Analysis
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How CRE Loans Would Shift Under New Bank Capital Rules
Attorneys at MoFo discuss how commercial real estate loans would fare under federal banking agencies' proposed changes to how large banks risk-weight loans, particularly how CRE loans are weighed based on the current standardized framework versus the proposed expanded approach.
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Calif. GHG Disclosure Law Will Affect Companies Worldwide
California's Climate Corporate Data Accountability Act, which will require comprehensive greenhouse gas emissions disclosures from large companies operating in the state, will mean compliance challenges for a wide range of industries, nationally and globally, as the law's requirements will ultimately trickle out and down, say attorneys at Brownstein Hyatt.
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What Retail Landlords Must Know About Permitted Transfers
As trying economic times require tenants to create options to cease their operations by transferring their lease obligations to other parties, retail landlords must give significant thought to how permitted transfers are drafted, and how parties are to be protected in the present and the future, says Scott Grossfeld at Cox Castle.
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Proactive Measures While NY Foreclosure Law Is In Limbo
While questions about the scope and constitutionality of New York's Foreclosure Abuse Prevention Act might not be resolved by courts for years, lenders, borrowers and other interested parties can take action to protect their rights and potentially expedite appellate review, say Allison Schoenthal and Andrew Kim at Goodwin.
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EB-5 Investment Period Clarification Raises More Questions
U.S. Citizenship and Immigration Services' recent clarifying guidance for EB-5 investors, specifying that the statutory investment period begins two years from the date of investment, raises as many questions as it answers given related agency requirements and investors' potential contractual obligations, says Daniel Lundy at Klasko Immigration Law Partners.
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A Guide For Landlords Pivoting To Medical Office Buildings
The current commercial real estate landscape presents a unique opportunity for landlords, real estate developers and investors to accommodate the growing health care industry's need for office buildings, though proper navigation of complex regulations and leasing concerns is necessary, says Mehdi Sinaki at Michelman & Robinson.
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NY Co-Ops Must Avoid Pitfalls When Navigating Insurance
In light of skyrocketing premiums, tricky exclusions and dwindling options, New York cooperative corporations must carefully review potential contractors' insurance policies in order to secure full protection, as even seemingly minor contractor jobs can carry significant risk due to New York labor laws, says Eliot Zuckerman at Smith Gambrell.
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What To Consider When Converting Calif. Offices To Housing
In light of California legislators' recent efforts to expedite the process for converting offices into residential buildings, developers should evaluate both the societal upsides, and the significant economic and legal hurdles, of such conversions, says Steven Otto at Crosbie Gliner.
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Ch. 12 Ruling Is A Helpful Addition To Interest Rate Case Law
In its recent In re: Topp ruling, the Eighth Circuit addressed the question of which rate of interest debtors should pay under a bankruptcy plan, showing that the choice of interest rate plan is a factual issue subject to appellate review for clear error, and not a legal issue subject to de novo review, says Donald Swanson at Koley Jessen.
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Appellate Rulings Highlight Telecom Standard Uncertainties
Two recent contrasting appellate opinions in Cellco v. White Deer Township and NMSurf v. Webber — interpreting Sections 332 and 253 of the Communications Act, respectively — demonstrate the continuing uncertainty carriers face when challenging state and local requirements that may impede their provision of telecommunications services, say attorneys at Davis Wright.
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How Investors Can Seize Renewables Opportunities In RE
As governments and stakeholders increasingly focus on sustainability in the real estate sector, investors could capture significant upside by implementing an operational real estate strategy focused on renewable energy sources, say attorneys at Goodwin.
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Insurance Cos. Are Stretching Construction Standard Limits
In the construction sector, the importance of closely vetting downstream parties' insurance policies has never been more critical — owners and general contractors need to be on the lookout for ever broader carrier-specific expansions of standard insurance provisions that are perilous for risk transfer, says Eric Clarkson at Saxe Doernberger.
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Potential WeWork Bankruptcy May Disrupt Coworking Spaces
If WeWork files for bankruptcy, as hinted at in its recent quarterly earnings report, landlords may struggle to take over management of WeWork's coworking spaces, but the coworking industry as a whole is showing some promise in adapting to the market's evolving post-pandemic office needs, says Ann Chandler at Hall Estill.