Commercial
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August 07, 2025
Fed. Circ. Skeptical Of Realty Co.'s IRS Contract Dispute
Federal Circuit judges seemed skeptical Thursday of a realty company's claim that the IRS improperly blocked its bid to continue leasing office space to the agency after IRS employees complained about the building, with one judge challenging whether evidence actually showed the agency acted in bad faith.
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August 07, 2025
CoStar Asks Full 9th Circ. To Revisit Antitrust Ruling For Rival
Commercial real estate information company CoStar Group Inc. and a subsidiary are urging the Ninth Circuit to reconsider its ruling reviving antitrust counterclaims lodged by rival Commercial Real Estate Exchange Inc., which CoStar has accused in a suit of stealing property listing data and copyrighted photos.
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August 07, 2025
Texas Bill Seeks Two-Thirds Vote To Exceed Max Tax Rate
Texas would require two-thirds approval from voters to allow local taxing entities to increase property taxes beyond a maximum rate permitted by law without a vote under a bill introduced in the state House of Representatives.
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August 07, 2025
Former LVMH Atty Joins Realtors Association's Legal Team
The National Association of Realtors announced Aug. 7 it has appointed as its vice president of litigation and associate general counsel the former vice president of legal affairs and head of litigation at LVMH Moet Hennessy Louis Vuitton Inc.
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August 07, 2025
NC Biz Court Bulletin: Divorce Dust-Ups And Judicial Rebukes
Litigation in the North Carolina Business Court is heating up this summer with new complaints centered on fears a former state politician's divorce proceedings will impede his companies' operations and accusations that a climate technology company has failed to pay out a former engineer's ownership interest.
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August 07, 2025
Ohio Property Sale Too Old To Sway Valuation, Board Says
The sale of a commercial property was not close enough in time to its tax valuation date to be relied on as evidence of its value, an Ohio board said, upholding a local assessment.
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August 06, 2025
Under Pressure, Higher Ed Leans On Real Estate
As institutions of higher education contend with declining enrollment and federal funding cuts, some are finding creative ways to monetize their real estate, which comes with important legal considerations, according to attorneys.
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August 06, 2025
Calif. CRE Players Say Tariff Uncertainty Delaying Projects
Half of the real estate professionals polled in a survey on the California commercial real estate market said they are delaying or canceling development projects thanks to increased construction costs and global trade tensions tied to tariff uncertainty.
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August 06, 2025
Big CRE Brokers Report Stubborn Optimism In Q2 Results
With most of commercial real estate's major brokers posting leasing gains and capital markets closings, executives said recently in announcing second-quarter earnings that they expect activity to continue as clients grow jaded to drama from recent trade disputes.
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August 06, 2025
NYC Council Approves Manhattan Mixed-Use Rezoning Plan
A rezoning plan that aims to build more than 9,500 homes in midtown Manhattan was approved Wednesday by the New York City Council's Committee on Land Use and a related subcommittee.
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August 06, 2025
Urban Edge Properties Closes $124M Mass. Retail Center Refi
Real estate developer Urban Edge Properties says it has closed on a $123.6 million loan to refinance a portion of open-air shopping center Shoppers World in Framingham, Massachusetts.
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August 06, 2025
Rising Star: Quinn Emanuel's Nasser Alrubayyi
Nasser Alrubayyi of Quinn Emanuel Urquhart & Sullivan LLP won a dismissal for Raza Co. in its dispute with Azmeel Contracting over a $450 million construction contract, along with other big courtroom victories, earning him a spot among the construction law practitioners under age 40 honored by Law360 as Rising Stars.
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August 06, 2025
Rising Star: DLA Piper's Katherine Jahnke Dale
Katherine Jahnke Dale of DLA Piper has been a key adviser on a transformation of Chicago's Fulton Market neighborhood, along with projects that include a $7 billion redevelopment near the United Center and a purchase agreement for a former steel plant now envisioned as a technology hub, earning her a spot among the real estate law practitioners under age 40 honored by Law360 as Rising Stars.
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August 06, 2025
3 Key Foreign Entity Issues In Claiming Clean Energy Credits
Stricter foreign supply chain and business ownership rules were tacked onto clean energy tax credits that weren't eliminated under the new budget reconciliation law, raising major compliance hurdles that have practitioners eagerly awaiting implementation rules from the U.S. Treasury Department. Here, Law360 outlines key issues the agencies need to address in coming guidance on restrictions targeting projects linked to foreign entities of concern.
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August 06, 2025
2 Firms Guide $110M Financing For CBL Properties' Mall Buy
Beal Bank USA provided $110 million in financing to CBL Properties to help fund the shopping center-focused real estate investment trust's acquisition of four regional malls, in a deal guided by Husch Blackwell LLP and Dorsey & Whitney LLP.
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August 06, 2025
Akin, Latham Advise Apollo's Data Center Builder Stake
Apollo Global Management on Wednesday announced it will acquire a majority stake in Dallas-based builder Stream Data Centers in a deal advised by Akin Gump Strauss Hauer & Feld LLP and Latham & Watkins LLP that the asset manager said would enable possibly billions in digital infrastructure spending.
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August 06, 2025
2 Firms Guide $1.3B CMBS Deal For NYC Office Tower
The Durst Organization has obtained a $1.3 billion commercial mortgage-backed security loan from a Wells Fargo-led group, in a deal steered by Rosenberg & Estis PC and Cadwalader Wickersham & Taft LLP, to finance a trophy Times Square office tower, Rosenberg & Estis announced on Wednesday.
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August 06, 2025
Gibson Dunn Adds Ex-Kirkland Real Estate Atty To NY Office
Gibson Dunn & Crutcher LLP hired a former Kirkland & Ellis LLP real estate transactions partner for the firm's real estate and real estate investment trust practice groups in New York City.
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August 05, 2025
$300M Fla. Project Floats DIP Loan To Hammer Out Ch. 11 Plan
The debtors of a $300 million real estate development in Florida on Tuesday floated a proposal to appoint a chief restructuring officer and a debtor-in-possession loan from an insurance heiress after creditors rejected both a sale and a liquidation plan.
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August 05, 2025
Long Island Town Challenges Tribal Land Determination
A Long Island town is challenging a federal government decision to place 84 acres into a restricted fee status for the Shinnecock Indian Nation, saying its effect has recognized the property as Indian Country in such a way that has destroyed the municipality's regulatory jurisdiction.
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August 05, 2025
New Developer To Build $1.5B Resi Towers In Jersey City
A new real estate developer stacked with former Brookfield Properties and Croesus Group executives unveiled the company's inaugural project on Tuesday — a $1.5 billion mixed-use project slated for construction in Jersey City, New Jersey.
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August 05, 2025
In Landlord's Market, Vornado Eyes Selling Non-NYC Assets
Executives of office real estate investment trust Vornado Realty Trust told analysts on its second quarter earnings call Tuesday that it is seeing the market shift back toward landlords in New York City, where it is doubling down, as it weighs disposing of its San Francisco and Chicago assets.
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August 05, 2025
Naftogaz Secures Vienna Court's OK To Seize Russian Assets
An Austrian court has granted Naftogaz permission to seize approximately €120 million ($139 million) of Russian assets as Ukraine's state-owned oil and gas company pursues an international campaign to enforce a $5 billion arbitral award it won against Russia.
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August 05, 2025
Boston Firm Adds Former Panera, Dunkin' Brands Counsel
Boston-based Rubin and Rudman LLP hired the former legal counsel of Panera Bread Co. and Dunkin' Brands for an "of counsel" role on the firm's real estate team, the firm announced Tuesday.
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August 05, 2025
Property Co. Backs Calif. Tribe In $700M Casino Row
A property owner has urged a D.C. federal judge in an amicus brief to grant the Scotts Valley Band of Pomo Indians' quick win bid in the tribe's suit accusing the federal government of wrongfully blocking the tribe's $700 million casino project in Vallejo, California.
Expert Analysis
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Lower Courts May Finally Be Getting The Memo After Ciminelli
A year after the U.S. Supreme Court again limited prosecutors' overbroad theories of fraud in Ciminelli v. U.S., early returns suggest that the message has at least partially landed with the lower courts, spotlighting lessons for defense counsel moving forward, says Kenneth Notter at MoloLamken.
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A Framework For Investigating Commercial Loan Fraud
As commercial loan transactions are increasingly subject to sophisticated fraud schemes, lenders must adopt dynamic strategies to detect, investigate and mitigate these schemes, say attorneys at Baker Donelson.
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Yellow Corp. Lease Assumption Shows Landlord Protections
Yellow Corp.’s recent filing of a motion to assume unexpired leases is a helpful reminder to practitioners to maintain a long-term approach about what is most beneficial for an estate and to not let a debtor's short-term cash position dictate business decisions, says Kyle Arendsen at Squire Patton.
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How A Bumblebee Got Under Calif. Wildlife Regulator's Bonnet
A California bumblebee's listing as an endangered species could lead to a regulatory quagmire as California Department of Fish and Wildlife permits now routinely include survey requirements for the bee, but the regulator has yet to determine what the species needs for conservation, says David Smith at Manatt.
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The Clock Is Ticking For Fla. Construction Defect Claims
Ahead of the fast-approaching July 1 deadline for filing construction defect claims in Florida, Sean Ravenel at Foran Glennon discusses how the state's new statute of repose has changed the timeline, and highlights several related issues that property owners should be aware of.
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It's Time To Defuse The Ticking Time Bomb Of US Landfills
After recent fires at landfills in Alabama and California sent toxic fumes into surrounding communities, it is clear that existing penalties for landfill mismanagement are insufficient — so policymakers must enact major changes to the way we dispose of solid waste, says Vineet Dubey at Custodio & Dubey.
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Ohio Tax Talk: The Legislative Push For Property Tax Relief
As Ohio legislators attempt to alleviate the increasing property tax burden, four recent bills that could significantly affect homeowners propose to eliminate replacement property tax levies, freeze property taxes for longtime homeowners, adjust homestead exemptions annually for inflation, and temporarily expand the homestead exemption, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.
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Tips For Advising CRE Owners Affected By Houston Storms
As Houston residents begin the arduous process of recovery after this month's devastating storms, attorneys should guide commercial real estate owners and managers toward immediate action under their insurance coverage to facilitate restoration and a return to normalcy, says Justin Ratley at Munsch Hardt.
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How Real Estate Cos. Can Protect Their IP In The Metaverse
The rise of virtual and augmented reality creates new intellectual property challenges and opportunities for real estate owners, but certain steps, including conducting a diligence investigation to develop an understanding of current obligations, can help companies mitigate IP issues in the metaverse, says George Pavlik at Levenfeld Pearlstein.
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Ga. Law Creates Challenges For Foreign Ownership Of Land
Under Georgia's new law limiting certain foreign possessory interests in agricultural land and land near military properties, affected foreign persons and entities will need to do significantly more work in order to ensure that their ownership remains legal, say Nellie Sullivan and Lindsey Grubbs at Holland & Knight.
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Questions Remain After Mass. Adverse Possession Case
A recent Massachusetts Land Court decision, concerning an adverse possession claim on a family company-owned property, leaves open questions about potential applicability to closely held corporations and other ownership types going forward, says Brad Hickey at DarrowEverett.
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4 Takeaways From Biden's Crypto Mining Divestment Order
A May 13 executive order prohibiting the acquisition of real estate by a foreign investor on national security grounds — an enforcement first — shows the importance of understanding how the Committee on Foreign Investment in the United States might profile cross-border transactions, even those that are non-notified, say attorneys at Kirkland.
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Insurer Quota-Sharing Lessons From $112M Bad Faith Verdict
In Indiana GRQ v. American Guarantee and Liability Insurance, an Indiana federal jury recently issued a landmark $112 million bad faith verdict, illustrating why insurers must understand the interplay between bad faith law and quota-sharing before entering into these relatively new arrangements, say Jason Reichlyn and Christopher Sakauye at Dykema.