Commercial

  • March 01, 2024

    NYC Real Estate Week In Review

    Hart Law, Dentons and Miller Leiby are among the law firms that worked on the largest New York City deals that hit public records this week, a period that saw only seven transactions north of the $10 million mark with more than half being residential condo deals.

  • March 01, 2024

    Wash. Judge Doubts Public Was Shut Out Of Shelter Plan

    A Washington state appellate judge on Friday asked opponents of a plan to turn a hotel near Seattle into a shelter for homeless people why a pair of community meetings weren't enough to meet King County's obligation to listen to public feedback. 

  • March 01, 2024

    Mich. Wineries Crush Town's Live Music, Catering Bans

    A Michigan federal judge has again ruled that a township's bans on wineries hosting amplified live music and catering are preempted by state regulations, narrowing a long-running zoning dispute ahead of an April trial.

  • March 01, 2024

    Hospitality REIT Inks $171M Hotel Sale Amid Debt Distress

    Ashford Hospitality Trust Inc. will sell a Hilton property in Boston for $171 million, in the latest among a spate of properties being sold or handed off to lenders as the real estate investment trust looks for a path out of a pandemic-related hole.

  • March 01, 2024

    Easement Cases To Put IRS-Hired Appraisers Under Scrutiny

    Some partnerships challenging the denial of tax deductions for conservation easement donations are mounting a new attack on the IRS' push to enforce the transactions with claims that the agency's multimillion-dollar contracts with third-party appraisal firms compel them to be biased toward the government. 

  • March 01, 2024

    Real Estate Group Of The Year: Simpson Thacher

    Thanks to its role advising on multiple deals north of the $10 billion mark, Simpson Thacher & Bartlett LLP has earned a spot as one of Law360's 2023 Real Estate Groups of the Year.

  • March 01, 2024

    Judge Sanctions Group In Latest Suit Over Tribal Hotel Project

    A California federal judge has put plaintiffs "on notice" with sanctions in rejecting their latest lawsuit accusing San Diego's Catholic bishop of disturbing their family remains by building a hotel next to a casino at a site east of San Diego owned by the Jamul Indian Village tribe.

  • March 01, 2024

    Real Estate Lawyers On The Move

    Dorsey & Whitney, Akerman and Cox Castle are among the firms that have made recent construction or real estate hires.

  • February 29, 2024

    Fed. Circ. Won't Revive Flood Suit Over Cherokee Casino

    A Federal Circuit Court of Appeals panel on Thursday denied an Oklahoma landowner's bid to overturn a lower court's ruling that the federal government isn't liable for flooding damage to her property due to activity at a nearby Cherokee Nation casino, saying that the claim requires proof that the matter is a "direct, natural or probable result" of its actions.

  • February 29, 2024

    Greenberg Traurig Advises On $6.2B Mexico Power Plant Buy

    Greenberg Traurig LLP on Thursday announced it had advised the Mexican government on the purchase of a $6.2 billion portfolio of power plants from Spanish energy company Iberdrola in a transaction that increases the state's control over electricity production.

  • February 29, 2024

    Biz Owner's $2.4M FBAR Dispute Paused For Mediation

    The U.S. government and a retired plumbing business owner mutually agreed to a 90-day stay of their $2.4 million tax dispute over foreign bank account reporting while they try to mediate a solution, a Georgia federal judge said Thursday.

  • February 29, 2024

    Fla. Lawmakers Weigh Demolition Bills For 'Unsafe' Structures

    The Florida House of Representatives is set to consider two bills aiming to make it easier for the state to demolish "nonconforming and unsafe structures" while prohibiting local governments from opposing such demolitions unless there are safety concerns.

  • February 29, 2024

    GE Denies Ties To La. Environmental Contamination Suit

    General Electric has told a Louisiana federal judge it should be freed from a lawsuit seeking to hold it liable for widespread environmental contamination caused by a since-closed pressure valve manufacturing facility in Rapides Parish, saying the property owners behind the suit are relying on a misguided theory of liability.

  • February 29, 2024

    Real Estate Group Of The Year: Kasowitz

    Recent legal victories by the real estate practice at Kasowitz Benson Torres LLP, such as confirming SL Green Realty Corp.'s $185 million arbitral award against Chinese conglomerate HNA Group and keeping the Hotel Chelsea's suit over a revoked building permit alive, earned the team a spot among Law360's 2023 Real Estate Groups of the Year.

  • February 29, 2024

    Day Pitney Absorbs 2-Atty Real Estate Boutique In Miami

    Day Pitney LLP announced Thursday that it had absorbed a South Florida land use boutique, adding a partner who has been involved in numerous development projects in Miami's arts-focused Wynwood neighborhood.

  • February 29, 2024

    Law Firm Real Estate Report

    The expansion of law firm footprints in North Carolina and Florida, a couple of homecomings in Minnesota and Sarasota, Florida, and the completion of a multimillion-dollar renovation in Houston were among some of the biggest real estate moves for law firms in February.

  • March 01, 2024

    Inside BigLaw's 'Tremendous' Hunger For Restructuring Attys

    Even as the economy appears poised to pick up steam in 2024, BigLaw firms are still aggressively adding restructuring capabilities, with a number of recent lateral hires reflecting the glut of work still to be found in the practice area.

  • February 29, 2024

    Atlanta Retail Market Showing Record-Low Vacancies

    The vacancy rate of Atlanta's retail market has reached a new record low of 3.4% in 2023's fourth quarter due to retail space seeing consistent demand and slowed development, according to a recent Colliers report.

  • February 28, 2024

    No Dearth Of Suits Against NY Bank Over Real Estate Losses

    Investor lawsuits are piling up in federal court against New York Community Bank after it reported $252 million in fourth quarter losses following its acquisitions of Flagstar Bank in 2022 and a Signature Bank portfolio last year that nearly doubled the size of the regional lender.

  • February 28, 2024

    NYC Life Sciences Sector Struggles Amid Investing Dip

    For the second year in a row, New York City's life sciences industry faced an uphill battle in making gains at the end of 2023 due to the increased federal interest rate, the looming possibility of an economic recession, investments in capital markets "drying up" and declining average asking rents, according to CBRE.

  • February 28, 2024

    Win For DC's NFL Stadium Bid As House Approves Bill

    A bill that would clear a path for the Washington, D.C., city government to build a new stadium for the NFL's Commanders on the site of the team's former stadium was passed by the full House on Wednesday and sent to the Senate, possibly paving the way for the team to return to the city.

  • February 28, 2024

    Subcontractor Seeks Sanctions In Amazon Warehouse Fight

    An electric subcontractor locked in a dispute with a construction company over delayed building of an Amazon warehouse in southern Georgia asked a Peach State federal court to penalize its opponent for "blatant discovery abuses" in the case.

  • February 28, 2024

    Atlanta Accused Of Pushing Ex-Eatery's Unlawful Demolition

    An Atlanta property owner has accused the city, its property review board, and its police in Georgia federal court of going forward with the illegal demolition of the owner's property without proper notification.

  • February 28, 2024

    Trump Can't Freeze $465M Penalty But Can Seek Loans

    A New York state appellate judge on Wednesday refused to freeze the $465 million civil fraud judgment against Donald Trump while he appeals the award, but said the former president could take out loans to cover the cost of the judgment.  

  • February 28, 2024

    Real Estate Group Of The Year: Hogan Lovells

    Hogan Lovells oversaw a busy 2023 that included successfully defending real estate investment trust Life Storage from a hostile takeover attempt, advising on billions in transactions in the real estate investment trust space and guiding clients to a direct listing on the New York Stock Exchange, earning the firm a spot among Law360's 2023 Real Estate Groups of the Year.

Expert Analysis

  • DC's Housing Tax Break Proposal: What's In It, What's Missing

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    Proposed Washington, D.C., rules implementing the Housing in Downtown Tax Abatement program — for commercial property owners who convert properties into residential housing — thoroughly explain the process for submitting an application, but do not provide sufficient detail regarding the actual dollar value of the abatements, says Daniel Miktus at Akerman.

  • Contract Disputes Recap: The Terms Matter

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    Stephanie Magnell and Zachary Jacobson at Seyfarth examine recent decisions from the U.S. Civilian Board of Contract Appeals, the Armed Services Board of Contract Appeals and the U.S. Court of Federal Claims, which offer reminders about the importance of including contract terms to address the unexpected circumstances that may interfere with performance.

  • Reducing Carbon Footprint Requires A Tricky Path For CRE

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    As real estate owners find themselves caught between rapidly evolving environmental, social and governance initiatives and complicated societal debate, they will need to carefully establish formal plans to remain both competitive and compliant, say Michael Kuhn and Mahira Khan at Jackson Walker.

  • New CMS Rule Will Change Nursing Facility Disclosures

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    A new rule from the Centers for Medicare & Medicaid Services significantly expands disclosure requirements for nursing facilities backed by private equity companies or real estate investment trusts, likely foreshadowing increased oversight that could include more targeted audits, say Janice Davis and Christopher Ronne at Morgan Lewis.

  • What Shareholder Approval Rule Changes Mean For Cos.

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    The U.S. Securities and Exchange Commission recently approved proposed rule changes to shareholder requirements by the New York Stock Exchange, an approval that will benefit listed companies in many ways, including by making it easier to raise capital from passive investors, say attorneys at Baker Botts.

  • White Collar Plea Deals Are Rarely 'Knowing' And 'Voluntary'

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    Because prosecutors are not required to disclose exculpatory evidence during plea negotiations, white collar defendants often enter into plea deals that don’t meet the U.S. Supreme Court’s “knowing” and “voluntary” standard for trials — but individual courts and solutions judges could rectify the issue, says Sara Kropf at Kropf Moseley.

  • ESG Around The World: Canada

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    In Canada, multiple statutes, regulations, common law and industry guidance address environmental, social and governance considerations, with debate over ESG in the business realm potentially growing on the horizon, say attorneys at Blakes.

  • How Lease Obligations Can Affect Subchapter V Debt Cap

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    Two recent bankruptcy rulings in the Eastern District of Virginia and the Southern District of New York take opposite positions on whether unmatured lease obligations are considered noncontingent debt for the purposes of calculating debtors' Subchapter V eligibility, say Joseph Orbach and Henry Thomas at Thompson Coburn.

  • Trends That Will Shape The Construction Industry In 2024

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    Though the outlook for the construction industry is mixed, it is clear that 2024 will bring evolving changes aimed at building projects more safely and efficiently under difficult circumstances, and stakeholders would be wise to prepare for the challenges and opportunities these trends will bring, say Josephine Bahn and Jeffery Mullen at Cozen O'Connor.

  • NY CRE Lenders Need Clarity On Foreclosure Standing

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    Recent contradictory New York case law regarding issues of standing in commercial real estate litigation creates confusion for borrowers and lenders alike, and should be addressed by courts in advance of the anticipated onslaught of commercial mortgage-backed securities foreclosures, say Christopher Gorman and John Muldoon at Rosenberg & Estis.

  • Baking Bread Makes Me A Better Lawyer

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    After many years practicing law, and a few years baking bread, I have learned that there are a few keys to success in both endeavors, including the assembly of a nourishing and resilient culture, and the ability to learn from failure and exercise patience, says Rick Robinson at Reed Smith.

  • Adjusting Deals To Reflect Shifts In The CRE Market

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    As the commercial real estate market strengthens and moves out from a challenging time, industry participants should consider any concessions made due to recent trends and update transaction documents accordingly before entering into new deals, says Alexander Davis at Mayer Brown.

  • 4 International Arbitration Trends To Monitor In 2024

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    Global growth slowed substantially in 2023, and may continue into 2024 due to geopolitical instability, which could fuel four key trends in international arbitration in the coming year, including investor-state and commercial arbitration, an increase in arbitration out of China, and more, say Gregory Litt and Sharmistha Chakrabarti at Skadden.