Commercial

  • September 26, 2022

    IRS Seeks Comments On Reverse Like-Kind Exchanges

    The Internal Revenue Service asked for comments Monday on rules for certain reverse like-kind exchanges.

  • September 26, 2022

    9th Circ. Finds Nightclub Can Stay In Historic LA Building

    The operator of nightclub Exchange LA can keep its space in downtown Los Angeles' iconic Pacific Stock Exchange building, the Ninth Circuit has ruled, dismissing the landlord's attempt to cancel an under-market-rate lease.

  • September 26, 2022

    Criterion Group Accused Of Botching $89M Real Estate Deal

    Private equity firm Meadow Partners has sued an affiliate of developer Criterion Group in New York state court for allegedly faltering on an $89 million deal for real estate in the Big Apple and says the company must forfeit a seven-figure deposit.

  • September 26, 2022

    Real Estate Rumors: Target, Bond Vet, Allen Schwartz

    Target is reportedly leasing space on South Vermont Avenue in Los Angeles, Bond Vet is said to be taking 5,121 square feet in New York, and Allen Schwartz has reportedly sold a Los Angeles mansion for $16 million.

  • September 26, 2022

    Hike In NJ Casino Payments Shouldn't Be Paused, Court Told

    A nonprofit organization has called on a New Jersey state judge to reject the state's bid to pause his ruling invalidating a state law amendment that cut the annual payments Atlantic City casinos make to local government entities, arguing that collecting the extra funds may prove difficult if the decision is put on hold.

  • September 26, 2022

    Tenn. ALJ Upholds Values Of Senior Living Facilities

    A Tennessee administrative law judge upheld a county board's valuations of properties comprising a senior care facility, rejecting changes sought by both the owner and the local assessor's office.

  • September 26, 2022

    Offit Kurman Launches Enviro Practice With NJ-Based Atty

    Offit Kurman announced Monday that it has launched a new environmental and sustainability practice group, spearheaded by the hire of practice chair Matthew Karmel, a principal who joined the firm's East Hanover, New Jersey, office earlier this month from Riker Danzig Scherer Hyland & Perretti LLP.

  • September 26, 2022

    Catching Up With Delaware's Chancery Court

    The First State's court of equity took on a lot last week, roundly rejecting a shareholder's settlement, putting a deal for a cellphone tower builder on hold, highlighting a gap in a board's accountability for sexual harassment, and denying a famous billionaire a do-over in discovery. Get ready for the week ahead by catching up on what you missed in your weekly wrap-up of news from the Delaware Chancery Court.

  • September 26, 2022

    NY Firm's Escrow Defense Contested In $30M Malpractice Suit

    An Israeli software CEO has asked a New York federal court to block Meister Seeling & Fein LLP's counterclaim seeking indemnification in his $30 million legal malpractice suit, saying the firm's argument that it was acting as escrow agent rather than legal counsel in a loan deal gone wrong is baseless.

  • September 26, 2022

    Gibson Dunn Adds Real Estate Attorney In Orange County

    Gibson Dunn & Crutcher LLP has recruited a real estate expert who previously served as general counsel for a multifamily and mixed-use development company to join its Orange County, California, office as of counsel.

  • September 23, 2022

    'Corrupt' Arbitrator Was Unfit For Lease Feud, Landlord Claims

    A San Francisco building owner asked a California appellate court Friday to toss an $8 million arbitration verdict over a lease dispute, claiming the JAMS neutral lied about his background and was on total disability during the decade when his profile stated he was working full-time.

  • September 23, 2022

    SG Office Urges High Court To Clarify Lanham Act's Reach

    Solicitor General Elizabeth Prelogar urged the U.S. Supreme Court on Friday to weigh in on the jurisdictional reach of U.S. trademark law in a $113 million trademark case over radio control systems that could determine whether the Lanham Act's scope extends outside the U.S.

  • September 23, 2022

    Real Estate Rumors: Principal, Diversified Partners, Baldwin

    Principal Life Insurance has reportedly loaned $57.9 million for an Arizona multifamily project, Diversified Partners reportedly could redevelop an Illinois golf course, and Alec Baldwin is said to be seeking a $29 million sale of a Hamptons estate.

  • September 23, 2022

    No Unreasonable Delay In Coverage Denial, Insurer Says

    An insurer is fighting back against claims that it waited too long to file a suit to stop defense coverage for a Manhattan law firm accused of misleading a client in a real estate deal.

  • September 23, 2022

    Del. Court Pauses Cell Tower Co. Sale After Investor Sues

    Delaware's Chancery Court on Friday put on hold a pending deal for telecommunications infrastructure firm Parallel Infrastructure LLC, after Australia-based property investor Lendlease America Inc. sought an emergency court order to stop the sale.

  • September 23, 2022

    9th Circ. Says Hawaii Zoning Rule Tramples 1st Amendment

    The Ninth Circuit found that a provision of Hawaii's zoning regulations violates the First Amendment, reviving a temple's legal battle for a permit to hold church services and weddings on land zoned for agricultural use.

  • September 23, 2022

    NYC Mayor Signs Order To Cut Emissions In City Construction

    New York City Mayor Eric Adams signed an executive order Friday requiring capital project agencies to commit to specific actions to cut greenhouse gas emissions from city construction developments.

  • September 23, 2022

    NY Real Estate Agent Sues Ex-Lover Seeking Loan Payment

    A New York landlord is being sued by a former employee and romantic partner who claims he did not honor agreements to pay off her student loans and give her ownership in multiple properties as compensation, according to a complaint filed Friday in New York state court.

  • September 23, 2022

    Contractor Hits Kraft With $7.6M Facility Project Suit

    An Ohio-based contracting company says Kraft Heinz Food Co. LLC and HJ Heinz Co. owe it $7.6 million for labor and materials stemming from a project to enhance an Ohio facility.

  • September 23, 2022

    Atty Fee Battle Brewing In EB-5 Venture Case In Chancery

    An attorney fee battle is brewing with claims of bad litigation conduct being thrown around after a Delaware vice chancellor earlier this year ordered the founder of a "visas-for-investment" venture to pay nearly $2.4 million to his company over improper money transfers.

  • September 23, 2022

    TA Realty Pays Panattoni $90M For California Industrial Park

    Boston-based real estate investment firm TA Realty purchased a large, newly built industrial park in Fairfield, California, from developer Panattoni Development Co. for $90.5 million, JLL Capital Markets announced this week.

  • September 23, 2022

    Builder In Tribal Casino Pay Dispute Again Asks For Dismissal

    A contractor asked a Northern California federal court judge on Thursday to dismiss an amended complaint by the Coyote Valley Band of Pomo Indians that claims a dispute over an unfinished casino project belongs in tribal court and that the tribe maintains sovereign immunity.

  • September 23, 2022

    A Major Test For Mass Timber

    Engineers in San Diego are on the verge of learning just how much seismic shaking a new generation of wood building materials can take.

  • September 23, 2022

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

    The past week in London has seen investors in a Disney film financing scheme look for a fairytale ending against HSBC, a scuppered Forex company sue a card payments provider in a breach of contract claim, and Boots Opticians eye up a commercial contracts claim against NHS England. Here, Law360 looks at these and other new claims in the U.K.

  • September 23, 2022

    Kirkland Guides $82M NYC Medical Center Deal

    Kirkland & Ellis LLP guided Physicians Realty Trust's $81.5 million acquisition of a medical center in Brooklyn through a joint venture with MedProperties Realty Advisors, according to records made public Friday.

Expert Analysis

  • A Lawyer's Guide To Collecting Fees From Nonpaying Clients

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    You've done the work and sent the bill, but haven't been paid. What do you do? Joshua Wurtzel at Schlam Stone offers recommendations on how lawyers — from solo practitioners to BigLaw partners — can avoid leaving significant receivables on the table from clients who have the ability to pay.

  • How Lawyers Can Benefit From TikTok Without Being 'Cringe'

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    TikTok should be on every attorney's radar as a digital branding opportunity, but it's important to understand the app and some best practices before diving in, says Cecillia Xie at Yale University.

  • What Mass. Harbor Development Ruling Means For Projects

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    The Massachusetts high court's recent decision in Armstrong v. Secretary of Energy and Environmental Affairs, striking down use of municipal harbor plans for tidelands licensing, will create hurdles for waterfront projects, say Vic Baltera and Leigh Gilligan at Sullivan & Worcester.

  • In-House At A Cannabis Company: The Real Estate Issues

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    Many cannabis businesses face obstacles when acquiring the real estate needed to operate, from city-imposed fees to premiums on rent, but several strategies can be used to navigate this challenging aspect of the burgeoning industry, which is projected to be valued at $32 billion by year’s end, says Benjamin Clack at Curaleaf.

  • Must Your Client Pay An Opponent's Expert For Prep Time?

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    For parties seeking discovery from an opponent's expert, the law on compensating the expert for preparation time is not settled, and in certain jurisdictions, there are strong arguments that favor avoiding or at least limiting such fee shifting, say Gregory Ruehlmann and Nicholas Mecsas-Faxon at King & Spalding.

  • Negotiating A Commercial Lease Agreement During Inflation

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    With inflation potentially leading to unexpectedly high rent increases, commercial tenants should understand the common forms of rent escalation in order to better negotiate new leases and determine reasonable alternative methods for future rent increases, says Arthur Yermash at Campolo Middleton.

  • Formula One Races Bring Real Estate Considerations

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    As growing public interest and media attention drive Formula One's expansion, cities may consider hosting races to boost their global profiles, but should carefully consider the real estate-related challenges as well as potential economic payoffs, say Emily Bias and David Wright at Pillsbury.

  • As The Economy Stumbles, Where Are All The Bankruptcies?

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    There have been depressed levels of bankruptcy filings so far this year, which is puzzling considering adverse developments and malign forces still working against the broader economy and corporate sector, but possibly explained by leveraged credit market conditions, says Mike Eisenband at FTI Consulting.

  • Bar Exam Policies On Menstruation Still Fall Short

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    While many states have taken steps to address long-standing and problematic bar exam policies on menstruation and menstrual products, the changes do not go far enough to remove the continued disadvantages menstruating test takers face, highlighting the need for comprehensive and quick action ahead of this month's exams, say law professors Margaret Johnson, Elizabeth Cooper and Marcy Karin.

  • Keys To Crafting Hybrid Work Policies At Law Firms

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    As law firms embrace hybrid work as a middle ground in a post-pandemic world, work arrangement policies that are built on a foundation of trust and that prioritize lawyers' autonomy over their schedules will give firms an edge in the war for talent, says Alyson Galusha at VOYlegal.

  • What High Court Sears Case May Mean For Section 363 Sales

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    Anyone considering purchasing bankruptcy estate property should pay close attention to the U.S. Supreme Court's upcoming review of a lease dispute between Sears Holdings and the Mall of America, because the case has the potential to make Section 363 sales and leases more vulnerable to unraveling by appellate courts, say Thomas Loeb and Drew Parobek at Vorys.

  • Your AI Program Probably Isn't A Person In A Court Of Law

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    Artificial intelligence developers will likely continue to claim AI programs deserve legal rights, after a former Google engineer recently hired a lawyer for AI he worked on, but courts have traditionally been unreceptive to arguments that nonhumans have legal capacity, says Evan Louis Miller at McManis Faulkner.

  • 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.