Commercial

  • March 19, 2024

    Dinsmore Reps $100M Mortgage Deal For Fla. Properties

    Dinsmore & Shohl LLP advised on a mortgage deal in which multiple entities affiliated with Seagis Property Group LP borrowed $100 million from Nationwide Life and Annuity Insurance Co., according to official property records.

  • March 19, 2024

    Bradley Arant Adds Ex-Chamberlain Hrdlicka RE Team In Ga.

    Bradley Arant Boult Cummings LLP has strengthened its real estate practice in Atlanta with a four-attorney team from Chamberlain Hrdlicka White Williams & Aughtry.

  • March 19, 2024

    Philly's Big Box Retail 'Thrived' With Reuse, CBRE Says

    The big box retail industry of greater Philadelphia "thrived" in 2023, as landlords and retailers found new ways to use large, abandoned retail spaces, according to a recent CBRE report.

  • March 19, 2024

    Judge Mulls Smoke Shop Group's Push For Tribe's Damages Data

    A New York federal magistrate judge is asking the Cayuga Nation and a former smoke shop, shut down on the grounds it was selling cannabis and untaxed cigarettes, to weigh in on whether the tribe must turn over spreadsheets purportedly detailing damages and lost revenues stemming from the shop.

  • March 18, 2024

    'Brazen' Text By LA Pol Surfaces In Raymond Chan RICO Trial

    A former lobbyist received a "brazen" text from then-Los Angeles City Councilmember Jose Huizar in 2018 seeking a bribe from his developer client, according to testimony heard on Monday by a Los Angeles federal jury considering racketeering and bribery charges against another former city official, Raymond Chan.

  • March 18, 2024

    Paul Hastings Guides $309M Mortgage Deal For NYC Tower

    Paul Hastings LLP guided a mortgage deal in which a Blackstone entity borrowed $308.5 million from Morgan Stanley Bank NA for a 36-story Manhattan office tower, according to city property records.

  • March 18, 2024

    Electric Battery Maker Says Mich. Officials Impeding $2B Plant

    Gotion Inc. accused a Michigan township of going back on its promise to help the electric vehicle battery manufacturer get governmental approvals to build a components plant in which it plans to invest over $2 billion.

  • March 18, 2024

    REIT Signs Citizens Bank To Manhattan Skyscraper Lease

    Real estate investment trust Paramount Group Inc. signed up Citizens Bank with a lease for 74,000 square feet of space in a 1.7 million-square-foot Class A office skyscraper located in Manhattan's midtown neighborhood between West 52nd and West 53rd Street, according to an official announcement Monday.

  • March 18, 2024

    Developers Say Mich. Township Thwarted Pot Dispensary

    A local cannabis advocacy group that includes real estate developers has sued a Michigan township in federal court, alleging elected officials have impeded a proposal to build a medical and adult-use dispensary despite residents' support and additional tax revenue the municipality will reap.

  • March 18, 2024

    BakerHostetler's LA Office Moves To Century City 'Destination'

    BakerHostetler has relocated its Los Angeles office, announcing Monday it was moving it to Century City from its previous location in Brentwood.

  • March 18, 2024

    NYC Real Estate Week In Review

    Blaivas & Associates and Kriss & Feurstein were among the law firms that helped with the largest New York City real estate deals that hit public records last week, with a pair of $70 million-plus transactions in Queens and Brooklyn leading the way.

  • March 15, 2024

    5th Circ. Blocks SEC Climate Reporting Regulations, For Now

    The Fifth Circuit on Friday temporarily blocked the implementation of the U.S. Securities and Exchange Commission's new emissions reporting requirements, issuing an administrative stay in a challenge brought by oil and gas company Liberty Energy Inc.

  • March 15, 2024

    'This Is Scary, Boss': Jury Hears Secret Audio In LA RICO Trial

    A then-assistant to former Los Angeles City Councilman Jose Huizar secretly recorded his boss as they discussed what to do with a $200,000 cash bribe amid an ongoing FBI probe, according to audio heard Friday by a federal jury considering racketeering and bribery charges against another former city official, Raymond Chan.

  • March 15, 2024

    Hilton Forks Over $210M For College Hotel Brand

    Hilton unveiled a $210 million deal to buy the Graduate Hotels brand from a real estate investment manager, under a deal that will see Adventurous Journeys Capital Partners retain ownership of the properties.

  • March 15, 2024

    Texas Justices To Review Tossed $22M Malpractice Verdict

    The Texas Supreme Court on Friday agreed to review a split appellate decision that tossed a real estate brokerage's $22 million malpractice award against a Dallas law firm after finding that improper jury instructions influenced the verdict.

  • March 15, 2024

    Cohen Seglias Grows Pittsburgh Office With Real Estate Hire

    Cohen Seglias Pallas Greenhall & Furman PC announced that it has hired a Pittsburgh-based senior counsel to grow its capabilities in the real estate and business transactional practice areas.

  • March 15, 2024

    Latham Leads $2B Financing For $5B Beverly Hills Project

    Cain International, advised by Latham & Watkins LLP, has obtained $2 billion in construction financing for its upcoming $5 billion One Beverly Hills development, including backing from JPMorgan Chase & Co.

  • March 15, 2024

    'Perfect Storm' Caused 2023 Surge In Law Firm Leasing

    U.S. law firms in 2023 took on nearly 17 million square feet of office space, an unprecedented level of leasing activity driven by major law firm moves into trophy buildings in New York City, according to a report from commercial brokerage firm Cushman & Wakefield.

  • March 14, 2024

    Verizon Sues Pa. Town Over Cell Tower Permit Denial

    Verizon Wirless is suing a small Pennsylvania borough for rejecting its application to install a 105-foot monopole and equipment compound near the town's center, saying the denial will inhibit Verizon from closing a wireless coverage gap and violates the Communications Act of 1934.

  • March 14, 2024

    Ex-Real Estate Exec Accused Of $77M WeWork Stock Fraud

    Manhattan federal prosecutors announced Thursday that the former CEO of real estate investment firm ArciTerra was indicted, alleging he issued a bogus $77 million offer for WeWork shares in an ultimately failed attempt to cash in on call options after juicing the stock price.

  • March 14, 2024

    SEC Asks 5th Circ. To Hold Off On Climate Reg Ruling

    The U.S. Securities and Exchange Commission said it was too early for the Fifth Circuit to delay the implementation of freshly adopted emissions reporting requirements given that those requirements don't go into effect for another two years, offering the first glimpse of possible defenses it could use as it attempts to fend off lawsuits challenging the rules.

  • March 14, 2024

    Wash. Real Estate Co.'s Ch 11 Plan OK'd After Judgment Slashed

    Washington state-based commercial and residential real estate company High Valley Investments LLC 's Chapter 11 plan received a Delaware bankruptcy judge's blessing Thursday after a settlement agreement slashed a $47.4 million judgment against it to an $18 million claim.

  • March 14, 2024

    Energy Dept. Floats $2.26B Loan For Nev. Lithium Project

    The Biden administration is pitching a $2.26 billion loan to help fund lithium carbonate processing facilities at the controversial Thacker Pass mine in northern Nevada, saying they could support the production of as many as 800,000 electric vehicles a year.

  • March 14, 2024

    Okla. Judge Sends Newstream State Border Dispute To Texas

    An Oklahoma federal judge moved a lawsuit between landowners, logistics company Newstream Enterprises and state and federal officials back to Texas federal court after relying on a description of riverbank vegetation to identify the political boundary between the two states in an area that has seen border disputes for more than a century.

  • March 14, 2024

    Holland & Knight Adds Partner To Va. Real Estate Team

    Holland & Knight LLP hired Samuel Young for a partner position in the firm's real estate capital markets team in its office in Richmond, Virginia, the firm announced.

Expert Analysis

  • 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.

  • Short Message Data Challenges In E-Discovery

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    As short message platforms increasingly dominate work environments, lawyers face multiple programs, different communication styles and emoji in e-discovery, so they must consider new strategies to adapt their processes, says Cristin Traylor at Relativity.

  • 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.

  • Thomas Report Is Final Straw — High Court Needs Ethics Code

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    As a recent report on Justice Clarence Thomas' ongoing conflicts of interest makes evident, Supreme Court justices should be subject to an enforceable and binding code of ethics — like all other federal judges — to maintain the credibility of the institution, says Erica Salmon Byrne at Ethisphere.

  • 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.

  • Joint Representation Ethics Lessons From Ga. Electors Case

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    The Fulton County district attorney's recent motion to disqualify an attorney from representing her elector clients, claiming a nonconsentable conflict of interest, raises key questions about representing multiple clients related to the same conduct and highlights potential pitfalls, say Hilary Gerzhoy and Grace Wynn at HWG.

  • Lawyer Discernment Is Critical In The World Of AI

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    In light of growing practical concerns about risks and challenges posed by artificial intelligence, lawyers' experience with the skill of discernment will position them to help address new ethical and moral dilemmas and ensure that AI is developed and deployed in a way that benefits society as a whole, says Jennifer Gibbs at Zelle.

  • Policyholder Lessons From Sandy No-Coverage Decision

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    A New York federal court recently decided that in the aftermath of Hurricane Sandy, Madelaine Chocolate knew Great Northern Insurance’s all-risk policy offered no coverage for storm surge — an important reminder that policyholders should review policy language for ambiguities or anti-concurrent causation clauses, say Dennis Artese and Joshua Zelen at Anderson Kill.

  • Don't Forget Alumni Engagement When Merging Law Firms

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    Neglecting law firm alumni programs after a merger can sever the deep connections attorneys have with their former firms, but by combining good data management and creating new opportunities to reconnect, firms can make every member in their expanded network of colleagues feel valued, say Clare Roath and Erin Warner at Troutman Pepper.

  • 5th Circ. Offers Expert Opinion Guidance For Insurance Cases

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    A recent Fifth Circuit decision in Majestic Oil v. Lloyd's of London provides insight into how Texas' concurrent causation doctrine could affect insurance cases where the cause of damage is at issue, and raises considerations for litigants faced with new or revised expert reports after the deadline has passed, say Brian Scarbrough and Cianan Lesley at Jenner & Block.

  • Every Lawyer Can Act To Prevent Peer Suicide

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    Members of the legal industry can help prevent suicide among their colleagues, and better protect their own mental health, by learning the predictors and symptoms of depression among attorneys and knowing when and how to get practical aid to peers in crisis, says Joan Bibelhausen at Minnesota Lawyers Concerned for Lawyers.

  • FTC Proposal Greatly Widens Auto-Renewal Regulation

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    The Federal Trade Commission's proposed rule on automatic renewal subscriptions would impose significant new obligations on sellers of negative option plans and expand the agency's enforcement powers, likely requiring companies to examine and change their practices, say attorneys at Squire Patton.