Commercial
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September 04, 2025
7th Circ. Doubts Investor's Priority To $2.5M In Fraud Funds
Seventh Circuit judges seemed skeptical Thursday of a real estate banking firm's argument it should have been prioritized over other investors with respect to proceeds from the liquidation of assets related to an alleged $135 million Ponzi scheme, pointing to evidence the firm noticed red flags but dropped the ball in investigating.
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September 04, 2025
Cushman Told Hold Vote On Cleary-Advised Bermuda Move
Commercial broker Cushman & Wakefield said Thursday that it will hold a shareholder vote in October on a plan to change its place of incorporation from England to Bermuda.
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September 04, 2025
REIT Closes $300M Farmland Fund With Institutional Backing
Goldcrest Farm Trust announced Thursday that it has closed its third fund targeting U.S. farmland acquisitions with more than $300 million in commitments.
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September 04, 2025
South Korean Biotech Co. Plans $223M Ga. Magnet Factory
South Korean biotechnology company JS Link's American subsidiary will invest $223 million to build a 130,000-square-foot, rare-earth, permanent magnet manufacturing factory in Columbus, Georgia, that's expected to bring over 520 jobs to the state's Muscogee County.
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September 04, 2025
Feds Sue SoCal Edison Over Eaton, Fairview Wildfires
The U.S. Department of Justice on Thursday sued Southern California Edison, seeking a combined $77 million in a pair of lawsuits alleging that its negligence in maintaining its infrastructure caused the catastrophic Eaton wildfire in January and devastating Fairview fire in 2022.
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September 04, 2025
Wash. Justices To Review Voter Measure Backing Natural Gas
The Washington State Supreme Court has agreed to weigh in on a dispute over a law approved by voters that prevents local governments and code officials in the state from passing rules restricting or discouraging the use of natural gas.
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September 03, 2025
DOI Casino Approval Overturned For Ignoring Tribal Input
The U.S. Department of the Interior went beyond its authority and failed to properly consult with another local tribe when it approved the Koi Nation's plan to build a casino on newly acquired trust land, a California federal judge has ruled.
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September 03, 2025
Real Estate Counsel Rejoins Ropes & Gray In New York
Ropes & Gray LLP said an alumnus has rejoined the firm's New York office as counsel in its real estate investments and transactions group from GIC Pte. Ltd., a Singaporean sovereign wealth fund.
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September 03, 2025
Data Center Securitization To Near $10B In 2025, Moody's Says
Moody's Ratings said in a Wednesday report that securitizations for data centers are major factors driving growth at a time when private credit markets are expanding their market reach.
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September 03, 2025
SilverRock Gets More Time To Control Its Ch. 11 Case
Bankrupt California resort developer SilverRock Development received approval to extend the exclusive control window in its Chapter 11 case for four months, with a Delaware judge saying the debtor has made enough progress in the complex proceedings to warrant the extension.
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September 03, 2025
Akin Opens In Chicago With 4 New Partners
Akin Gump Strauss Hauer & Feld LLP has opened the doors to its newest office, in Chicago, the firm announced Wednesday, with a quartet of partners who joined the firm this spring from Mayer Brown LLP.
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September 03, 2025
Lifestyle Office Goes Beyond Ping Pong Tables
Lifestyle offices, which are easily reachable by multimodal transit and surrounded by around-the-clock amenities like entertainment options, green space, retail offerings and luxury housing, command leasing and pricing premiums over comparable traditional office buildings, according to an industry report.
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September 03, 2025
Stradley Ronon Adds Ex-Brandywine Atty To Philly Office
An attorney specializing in advising clients on real estate transactions has returned to private practice after nearly five years as an in-house attorney, joining Stradley Ronon Stevens & Young LLP in its Philadelphia office.
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September 03, 2025
Real Estate Fund Sponsors Loosen Reins In Sluggish Market
While transaction activity in the real estate fundraising market picked up in the first half of the year, fund managers have been giving more control to some of their biggest investors as a way to help alleviate their uncertainties over liquidity and U.S. tariff policies.
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September 03, 2025
Wells Fargo Urges Court To OK Receiver's $17M Hotel Sale
Wells Fargo pressed a Maryland federal court on Wednesday to approve a receiver's $17 million sale of two Baltimore hotels currently owned by borrowers it says defaulted on a $52.4 million loan, for which it has initiated a lawsuit.
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September 03, 2025
Norway Sovereign Wealth Fund Pays $543M For NYC Property
Norwegian sovereign wealth fund Norges Bank Investment Management will pay $542.6 million for a 95% interest in a more than 1-million-square-foot Manhattan office building in the borough's Midtown neighborhood, the fund announced.
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September 03, 2025
Taconic Sells NYC Office Property At $164M Discount
Frenkel Hershkowitz & Shafran LLP guided Taconic Partners' sale of a New York City office property to an affiliate of David Werner Real Estate Investments for $105 million, a steep discount from the property's $269 million price tag when the property last traded hands in 2018.
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September 03, 2025
2 Firms Advise $300M Investment In Shopping Center REIT
Charleston, South Carolina-based retail owner Bond Street Real Estate Investment Trust said Wednesday that it has attracted a $300 million commitment from private equity firm Conversant Capital in an investment advised by Allen Matkins Leck Gamble Mallory & Natsis LLP and Fried Frank Harris Shriver & Jacobson LLP.
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September 03, 2025
Texas Bill Would OK More Sales Tax For Property Tax Relief
Texas would allow local governments to impose supplemental sales and use tax to raise additional revenue for property tax relief if the sales and use tax is approved by voters under a bill introduced in the state House of Representatives.
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September 03, 2025
SL Green Nabs Former Brooks Brothers Flagship For $160M
SL Green Realty Corp. announced a deal to buy the site of the former Brooks Brothers flagship store and an adjacent office building from the former head of the brand in a $160 million deal.
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September 02, 2025
Linklaters, Sidley Guide $540M Infrastructure Co. Stake Deal
Macquarie Asset Management Inc. paid $540 million to Dow Inc. for an additional 9% equity stake in Diamond Infrastructure Solutions in a deal steered by Linklaters LLP and Sidley Austin LLP, it was announced on Tuesday.
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September 02, 2025
11th Circ. Affirms Slashing Ex-Braves' $47M Easement Break
A $47 million conservation easement deduction for a partnership founded by two former Atlanta Braves players was overvalued, the Eleventh Circuit affirmed Tuesday, saying none of the partnership's arguments undermined the U.S. Tax Court's finding that the easement property was worth far less than it claimed.
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September 02, 2025
Bankrupt Calif. Developer Seeks OK For Extra DIP From City
SilverRock Development asked a Delaware bankruptcy judge for permission to take out up to $2 million in additional Chapter 11 financing from the California city it had planned to build a resort in, saying it needs the funds to wind down its Chapter 11 case.
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September 02, 2025
Simpson Thacher Guides Blackstone's $5.5B Fund
Blackstone announced Tuesday that it has closed on its latest infrastructure secondaries fund guided by Simpson Thacher & Bartlett LLP after raising $5.5 billion, noting that it is the largest such fund in the world raised to date.
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September 02, 2025
Bankruptcy Judge Nixes Bedmar's Delaware Two-Step Ch. 11
A Delaware bankruptcy judge has thrown out the Chapter 11 case of Bedmar LLC, a subsidiary of pharmaceutical manufacturing company National Resilience HoldCo Inc., finding that the case was filed for a "tactical advantage" and not in good faith.
Expert Analysis
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Navigating The Complexities Of NYC Waterfront Development
More than a dozen city, state and federal agencies share oversight of New York City's waterfront, presenting developers and their counsel with both challenges and opportunities to shape the regional and national economy, say attorneys at HSF Kramer.
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New NY Residential Real Estate Rules May Be Overbroad
New legislation imposing a 90-day-waiting period and tax deduction restrictions on certain New York real estate investors may have broad effects and unintended consequences, creating impediments for a wide range of corporate and other transactions, says Libin Zhang at Fried Frank.
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11 Essential Questions When Reviewing Hurricane Insurance
As we approach peak hurricane season, business owners must understand critical coverage elements, policy limitations and claim procedures of their commercial property hurricane insurance policies to protect their operations effectively, says Carlton Wilde at Bracewell LLP.
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6 Questions We Should Ask About The Trump Trade Deals
Whenever the text becomes available, certain questions will help determine whether the Trump administration’s trade deals with U.S. trading partners have been crafted to form durable economic relationships, or ephemeral ties likely to break upon interpretive disagreement or a change in political will, says Ted Posner at Baker Botts.
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Utilizing Rep And Warranties Insurance In CRE Transactions
With insurance and commercial real estate legal trends suggesting that representations and warranties insurance is likely to grow substantially in the next several years, CRE buyers and sellers should learn how such insurance can help resolve conflicting positions during transaction negotiations, say attorneys at Troutman.
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Recent Decisions Caution Against Broad Indemnity Provisions
Two recent decisions in disparate jurisdictions are reminders that businesses and practitioners should be mindful of contractual indemnity rights and draft indemnity provisions that enhance the predictability of enforceability without being overly broad, says Gregory Jaske at Olshan Frome.
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How Real Estate Funds Can Leverage Del. Statutory Trusts
Over the last two years, traditional real estate fund sponsors have begun to more frequently adopt Delaware Statutory Trust programs, which can help diversify capital-raising strategies and access to new sources of capital, among other benefits, say attorneys at Polsinelli.
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What 9th Circ. Ruling Shows About Rebutting SEC Comments
The Ninth Circuit's June opinion in Pino v. Cardone Capital suggests that a company's lack of pushback to a U.S. Securities and Exchange Commission comment may be evidence of its state of mind for evaluating potential liability, meaning companies should consider including additional disclosure in SEC response letters, say attorneys at Barnes & Thornburg.
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2 NY Cases May Clarify Foreclosure Law Retroactivity
Two pending cases may soon provide the long-awaited resolution to the question of whether retroactive application of the New York Foreclosure Abuse Prevention Act violates the state Constitution, providing a guide for New York courts inundated with motions in foreclosure and quiet title actions, says Fernando Rivera Maissonet at Hinshaw & Culbertson.
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A Look At Florida's New Protected Series LLC Legislation
A new law in Florida enhances the flexibility of using limited liability companies as the entities of choice for most privately held businesses, moving Florida into a small group of states with reliable uniform protected series legislation for series LLCs, says Louis Conti at Holland & Knight.
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How Trump's Trade Policies Are Shaping Foreign Investment
Five months into the Trump administration, investors are beginning to see the concrete effects of the president’s America First Investment Policy as it presents new opportunities for clearing transactions more quickly, while sustaining risk aversion related to Chinese trade and potentially creating different political risks, say attorneys at Covington.
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Bill Leaves Renewable Cos. In Dark On Farmland Reporting
A U.S. Senate bill to update disclosure requirements for foreign control of U.S. farmland does not provide much-needed guidance on how to report renewable energy development on agricultural property, leaving significant compliance risks for project developers, say attorneys at Hodgson Russ.
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Observations On 5 Years Of Non-Notified CFIUS Inquiries
Since 2020, the Committee on Foreign Investment in the United States has identified and investigated covered cross-border transactions not formally notified to CFIUS, and a look at data from 50 non-notified matters during that time reveals the general dynamics of this enforcement function, say attorneys at Cooley.