Commercial

  • September 30, 2022

    Chicago Mayor Scraps Inflation-Tied Property Tax Hike Plan

    Chicago Mayor Lori Lightfoot will seek to offer a one-year reprieve from an inflation-based property tax increase in her upcoming budget proposal, backtracking from her previous suggestion for a 2.5% increase to the city's property tax levy.

  • September 30, 2022

    Forchelli Deegan Expands Tax Cert Practice With Combination

    New York-based firm Forchelli Deegan Terrana LLP announced Friday that the eight attorneys from real estate tax firm Koeppel Martone & Leistman LLC will combine into the firm's existing tax certiorari practice.

  • September 30, 2022

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen German software company Topalsson face a breach of contract claim from law firm CMS, Pfizer and BioNTech look for the cure to their patent woes in a claim against Moderna, and Alaska Airlines ready for departure in a commercial contracts claim against Virgin Aviation. Here, Law360 looks at these and other new claims in the U.K.

  • September 30, 2022

    3 Things To Watch At High Court Wetlands Oral Arguments

    The federal government's ability to regulate and require permits under the Clean Water Act will hang in the balance Monday as the U.S. Supreme Court hears arguments from landowners and business groups pushing for a narrow statutory interpretation and the government and environmentalists seeking more expansive authority.

  • September 29, 2022

    Fla. Real Estate Attys See Lengthy Rebuild From Hurricane Ian

    As Florida began to assess the devastating damage left by Hurricane Ian, real estate attorneys in the state provided Law360 some initial insights into the storm's impact and factors that may affect rebuilding efforts.

  • September 29, 2022

    Barrack Jury Told Of Pro-UAE Push To Influence Trump

    Jurors in the trial of Thomas Barrack on Thursday heard about how the Colony Capital Inc. founder allegedly worked both behind the scenes and in front of the camera during former President Donald Trump's 2016 campaign to advance foreign policy positions favoring the United Arab Emirates and Saudi Arabia.

  • September 29, 2022

    Feds Need To Fix Ukraine Money Laundering Suit, Judge Says

    A federal magistrate judge expressed doubt about the viability of a case brought by federal prosecutors to seize a 29-story office tower in Kentucky allegedly connected to a Ukrainian money laundering scheme, but he recommended giving the government more time to address a complicating factor.

  • September 29, 2022

    Pot Co. MedMen Wants Lease Spat In Fed. Court, Not State

    Marijuana company MedMen says its Chicago landlord Thor Equities Group should be forced to argue a suit seeking $1 million in back rent in New York federal court, despite the real estate investment firm's push to move the case to a court in a state where cannabis sales are legal.

  • September 29, 2022

    Georgia Developer Sues County For Nixing I-20 Travel Plaza

    An Atlanta-area county's rule barring new truck stops unlawfully thwarted plans for a QuikTrip-branded travel plaza near Interstate 20, a Georgia real estate company said, alleging violations of a federal statute and the Constitution in federal court.

  • September 29, 2022

    NY AG Seeks Fast-Tracked Trump Fraud Trial Before 2024

    The New York attorney general Thursday pushed for trial to start before 2024 in a $250 million fraud case against Donald Trump, asking to keep the case before the same state court judge who held Trump in contempt over her subpoenas, due to his knowledge of the case.

  • September 29, 2022

    Treasury Issues Final Beneficial Ownership Reporting Rules

    The U.S. Treasury Department's financial crimes unit issued final regulations Thursday that largely retain the overall framework of proposed guidance that aims to shine a light on shell companies by requiring businesses to report information about so-called beneficial owners.

  • September 29, 2022

    Real Estate Rumors: Alan Roberts Trust, Rastegar, Highwoods

    The Alan Roberts Trust reportedly could fetch $65 million with the sale of a Beverly Hills mansion, Rastegar Property is said to have inked a one-year sublease deal for space in New York, and Highwoods Properties is reportedly in talks to buy a Dallas mixed-use tower.

  • September 29, 2022

    Airport Vendor Says Concession Co. Trying To Snatch Deposit

    A Pittsburgh International Airport restaurant operator wants to stop the airport's former concession manager from allegedly trying to unlawfully seize a roughly $300,000 security deposit, saying the concession company is attempting a cash grab after getting ousted by the local airport authority.

  • September 29, 2022

    NJ Furniture Co. Owner Says Landlord Unlawfully Evicted Him

    The owner of a New Jersey furniture business says his landlord ignored a court-ordered stay of eviction, locking him out of his commercial factory space and stealing valuable company equipment, according to a complaint filed in New Jersey federal court.

  • September 29, 2022

    La. Pizzeria Demands State Farm Pay For Hurricane Damages

    A longtime Lake Charles pizzeria amended its Louisiana federal complaint against State Farm Fire and Casualty Co., accusing it of artificially suppressing the cost of repairs and overdepreciating losses on claims connected to damages from Hurricanes Laura and Delta.

  • September 29, 2022

    Architectural Firm To Fund Retrofits At Pa. Senior Facilities

    A Pennsylvania federal court approved an agreement between the government and a New Jersey architectural firm accused of designing senior living facilities that are inaccessible to disabled individuals, under which the firm has agreed to fund retrofits at eight properties.

  • September 29, 2022

    Hong Kong Billionaire's Co. Inks $2.6B Luxury Property Deal

    Li Ka-shing's CK Asset Holding has sold a luxury Hong Kong residential property to an entity of Singapore-based Sino Suisse Capital for HK$20.8 billion ($2.6 billion), according to an announcement made public on Wednesday.

  • September 28, 2022

    LSU Golf Club Insurers Putt Ida Suit To Federal Court

    Insurers for a golf club associated with Louisiana State University removed a case against them seeking Hurricane Ida damages to Louisiana federal court, according to papers filed Wednesday.

  • September 28, 2022

    Calif. Gov. Signs Bill To Boost Multifamily Housing Production

    California Gov. Gavin Newsom signed a bill Wednesday to strengthen multifamily housing production by making it easier for developers to build in commercial corridors.

  • September 28, 2022

    No Bankruptcy Stay For Campground's Suit Against Blackfeet

    A Montana federal judge has ruled that it is up to him and not a bankruptcy court to decide whether the federal government properly canceled a Blackfeet Indian Nation lease with private campground operator Eagle Bear on tribal land.

  • September 28, 2022

    GSA Escapes Black Job Applicant's Race, Gender Bias Suit

    An Illinois federal judge ruled Wednesday that the General Services Administration doesn't have to face a suit alleging it rejected a Black woman for a director job because of her sex and race, saying the agency was "well within its rights" to select a more qualified candidate.

  • September 28, 2022

    Ga. Panel Ponders Insurer's Office Closure In Service Dispute

    An insurer argued Wednesday before the Georgia Court of Appeals that a default judgment against it in a church's Hurricane Irma coverage suit should be tossed because the church improperly tried to serve the complaint via the state insurance commissioner since an agent's office was closed amid the coronavirus pandemic.

  • September 28, 2022

    Real Estate Rumors: Jenner & Block, Schwarzman, Pourtavosi

    Jenner & Block is reportedly leasing 5,600 more square feet in Manhattan, Stephen Schwarzman is said to have dropped more than $87 million on an England estate and cannabis entrepreneur Cobby Pourtavosi is said to have picked up a Los Angeles Sheraton for $54.5 million.

  • September 28, 2022

    Kirkland Guides $100M Cohen Brothers Manhattan Refi

    New York real estate firm Cohen Brothers Realty Corp. secured a $100 million refinancing for a 32-story commercial and office building on Manhattan's Billionaires' Row from Fortress Credit Corp., in a move overseen by Kirkland & Ellis LLP.

  • September 28, 2022

    Office Snapshot: Shutts & Bowen Changing Jacksonville Digs

    Florida-based Shutts & Bowen LLP announced that it recently signed a lease for a new office in Jacksonville that has nearly three times the space of the current location, which the firm said was done with the intention of growing over the next few years.

Expert Analysis

  • Law Of The Case Is More Nuanced Than You May Think

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    The recent Seventh Circuit decision in Flynn v. FCA highlights how frequent misconceptions about the law of the case doctrine are, and suggests that litigants should take a hard look at the key qualifications — and quirks — of this narrow and discretionary doctrine before relying on it as a silver bullet, says Michael Soyfer at Quinn Emanuel.

  • 8 Key Factors That Influence COVID Commercial Lease Suits

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    As courts grapple with questions regarding unpaid commercial rent during the pandemic, common factors in key cases can help parties assess whether to move forward with their own commercial lease litigation, say Theresa Wanat and Francie Trimble at Holland & Knight.

  • Engage Associates At Orientation With Thoughtful Activities

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    The pandemic has driven home the dangers of taking associate talent for granted, and law firms should consider five types of orientation activities that give new employees a greater sense of belonging, set the tone at the outset for a long career and influence attitudes toward the firm, says Joseph Gerstel at GetSomeClass.

  • 2nd Circ. Erred In Requiring Retaliatory Intent In SOX Claim

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    The Second Circuit's decision in Murray v. UBS Securities splits from other circuits to place on Sarbanes-Oxley retaliation claimants the unreasonable burden to prove employer retaliatory intent in a termination — a requirement based neither on the plain language of the law nor the court's own past rulings, say Lynne Bernabei and Kristen Sinisi at Bernabei & Kabat.

  • The Cruciality Of Building Client Intimacy Ahead Of Recession

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    Attorneys are likely already feeling the pressure that a recession brings to control costs and at least hold the line on top-line growth — but strengthening client relationships through increased communication will ensure continued progress under such conditions, says Dave Southern, a business development and marketing professional.

  • Storm Insurance Considerations For Cos. New To Florida

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    As more and more businesses migrate to Florida, commercial property owners and tenants should carefully consider specific contract terms in order to avoid insurance issues and litigation in the event of storm damage, say Philippe Lieberman and Marko Cerenko at Kluger Kaplan.

  • Beware Broad Damage Waivers In Construction Contracts

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    As the booming construction industry shifts some of project owners' bargaining power to contractors, owners should be on the lookout for certain contract provisions that could broadly waive consequential damages and compromise other potential remedies, says Daniel Miktus at Akerman.

  • A Cautionary Tale On Diversity Jurisdiction From The 6th Circ.

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    The Sixth Circuit’s recent opinion in Akno 1010 Market St. v. Pourtaghi highlights the importance of properly establishing citizenship of all parties before filing a federal lawsuit under diversity jurisdiction rules, and shows how overlooking jurisdiction issues could undo years of litigation, say Lauren Snyder and Charles Loeser at Harris Wiltshire.

  • New Mich. Rent Law Improves Borrower-Lender Relationships

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    The recently enacted Michigan Uniform Assignment of Rents Act, largely driven by bankruptcy court decisions, clears up many legal and practical questions under Michigan state law and will change the borrower-lender relationship for the better, say Scott Lesser and Ronald Spinner at Miller Canfield.

  • What Litigators Can Really Learn From Rambo

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    A Rambo litigator is a consistently overaggressive and dishonest attorney, but the John Rambo of "First Blood," which recently celebrated its 40th anniversary, has several excellent qualities worth emulating in the legal profession, including professional competence, mental resilience and improvisational ability, says Christopher Van de Kieft at Gitlin Horn.

  • Business Insurance Considerations Amid Conflict In Ukraine

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    As the conflict in Ukraine continues to wreak havoc on global business operations and supply chains, companies should carefully assess all the various types of insurance coverage that may mitigate corporate losses, say attorneys at Morgan Lewis.

  • Attorneys Should Note Judges' Financial Conflicts Of Interest

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    The Federal Circuit's recent ruling vacating a $2.75 billion judgment in Centripetal Networks v. Cisco should be a wake-up call for lawyers that they and their clients could pay a heavy price if a judge with financial ties to a litigant fails to take appropriate action, says Deborah Winokur at Cozen O'Connor.

  • A Law Firm's Guide To Avoiding Client Conflicts

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    With the pace of law firm mergers accelerating, Mark Hinderks at Stinson reviews the conflict of interest rules that may derail a deal or cause a firm to lose a new or existing client, and how courts have filled in perceived gaps in the rules.