Commercial
-
August 18, 2025
Del. OKs Property Tax Installment Payments, Refund Change
Delaware made property tax changes, including allowing installment payments and changing refund rules, under bills signed by the governor.
-
August 18, 2025
Del. Codifies Counties' Power To Tax Property By Class
Delaware codified in statute the authority of counties and municipalities to impose separate tax rates on different classes of real property under legislation signed by the governor.
-
August 18, 2025
Judge Dismisses Calif. Resort Developer's Ch. 11
A Delaware bankruptcy judge on Monday dismissed the Chapter 11 case of an insolvent company that developed a resort and other properties in California, after months of the company pursuing either a structured foreclosure in Chapter 11 or a global resolution.
-
August 18, 2025
3rd Circ. Backs Pittsburgh In Row Over Zoning Board Conflict
The Third Circuit has backed the dismissal of a mixed-use project developer's million-dollar lawsuit against the Pittsburgh Zoning Board of Adjustment over variance delays caused by a conflict of interest dispute, saying its due process rights weren't violated.
-
August 15, 2025
NJ Watchdog Fights File Disclosure In Hospital Antitrust Suit
The New Jersey State Commission of Investigation on Thursday challenged a federal judge's refusal to protect investigative materials that RWJBarnabas Health Inc. wants to subpoena as it defends an antitrust suit by CarePoint Health Systems Inc., arguing the ruling violates precedent giving such records the same secrecy protections as grand jury materials.
-
August 15, 2025
Texas Federal Judge Says He's 'Exhausted' By Atty's Antics
A Texas federal judge told an attorney he was "exhausted" by his alleged antics in helping supposedly erstwhile clients dodge judgments, asking Friday why the attorney seemingly worked two clients after a disciplinary panel barred him from representing them.
-
August 15, 2025
Ohio Justices Back Landlord In Speedway Store Leases Suit
The Ohio Supreme Court has sided with a landlord embroiled in a lease renewal dispute with a tenant that subleased 24 properties to major convenience store chain Speedway LLC, ruling that the tenant didn't make a mistake when it negligently failed to renew its leases on time.
-
August 15, 2025
9th Circ. Affirms Dismissal Of Vegas Casino Room Rate Case
The Ninth Circuit rejected an appeal on Friday from guests seeking to revive their antitrust case accusing Las Vegas casino-hotel operators of using a vendor's software to inflate room rates, finding that the pricing service helps the hotels compete.
-
August 15, 2025
Zips Car Wash Landlords Deny Ch. 11 Assumption Of Leases
Two landlords of Zips Car Wash said in a Texas federal district court that its lease with the debtor was properly terminated for missed payments and the company should have vacated the properties, challenging the bankruptcy court's decision allowing Zips to assume the leases.
-
August 15, 2025
New Jersey AG Slams Power Broker's 'Flawed' Appeal Brief
South Jersey power broker George Norcross used a flawed argument in pushing back against New Jersey's effort to revive a dismissed criminal case against him, Attorney General Matthew Platkin has argued in a reply brief filed in state appellate court.
-
August 15, 2025
Bankrupt NJ Office Building Gets OK For $26M Sale
A New York bankruptcy judge on Thursday approved the sale of a New Jersey office building for $26 million, a higher price than that offered by the stalking horse bidder, which will get a $215,000 breakup fee.
-
August 15, 2025
Ind. Town, Developer Settle Dispute Over Old Colgate Factory
An Indiana town, a developer and the county treasurer have settled their dispute over more than 40 acres of property that included a defunct, historic Colgate-Palmolive factory, according to a joint stipulation filed in Indiana federal court.
-
August 15, 2025
Exec Snared In Now-Dismissed Eric Adams Case Avoids Jail
A wealthy construction executive who admitted illegally funneling over $12,000 into the 2021 campaign of New York City Mayor Eric Adams avoided prison on Friday at a sentencing that followed the government's decision not to proceed against the mayor himself.
-
August 15, 2025
Fried Frank Guides JV's $1B NYC Office Buy
A joint venture between Elliott Investment Management and real estate company RXR acquired a 42-floor Manhattan office building in a $1.08 billion deal guided by Fried Frank, the law firm announced.
-
August 15, 2025
Calif. Student Housing Complex Files Ch. 11
University Park Berkeley LLC, the operator of a student housing complex in Berkeley, California, filed for Chapter 11 bankruptcy protection Thursday in a California bankruptcy court, listing between $50 million and $100 million in debt.
-
August 15, 2025
Yellow Corp. Seeks OK For $16M In Real Estate Sales
Trucking company Yellow Corp. asked a Delaware bankruptcy judge to approve the sale of three of its remaining truck depots for a total of just over $16 million.
-
August 14, 2025
Ruling May Increase Reinsurers' Caution In Insureds' Dealings
A Texas federal judge's ruling that a chemical manufacturer can continue to pursue litigation against a reinsurer in connection with the manufacturer's roughly $100 million business interruption claim offered a well-reasoned analysis as to when a policyholder has standing to bring a direct action against a reinsurer, experts said.
-
August 14, 2025
Liberty Mutual, RXR Unveil $1B Multifamily Credit Partnership
Liberty Mutual Investments plans to provide up to $1 billion worth of credit to real estate company RXR for multifamily financing opportunities, the companies jointly announced Aug. 14.
-
August 14, 2025
Insurance Key To Mitigating Mortgage Risks From Flooding
The increase of flooding in areas outside mandatory flood insurance purchase zones is contributing to mortgage risks for underinsured homeowners following disasters, underscoring a need to find ways to ensure more people have flood coverage, experts say.
-
August 14, 2025
Insurer Avoids Bad Faith Claims In $2M Vandalism Case
A California state court dismissed a property owner's claims that its insurer refused in bad faith to cover nearly $2 million in vandalism losses after its tenant, a cannabis cultivator, ended its lease, but found the owner's breach of contract claim can still proceed to trial.
-
August 14, 2025
3 Firms Advise Mall REIT's $1.5B Notes Offering
Simon Property Group LP, advised by Latham & Watkins LLP, will sell $1.5 billion of senior notes in a deal also guided by Barnes & Thornburg LLP and Sidley Austin LLP.
-
August 14, 2025
3 Firms Guide $650M Brookfield Notes Offering
Brookfield Finance Inc. is offering $650 million worth of Canadian-issued notes that have been underwritten by BofA Securities Inc. and Citigroup Global Markets Inc., according to a Brookfield prospectus filing and a related term sheet.
-
August 14, 2025
Rite Aid Gets More Bids For Leases, Properties In Ch. 11
Drugstore chain Rite Aid told a New Jersey bankruptcy judge on Thursday that it has secured another roughly $76 million in bids for leases and property across the country as the debtor works to sell its assets in Chapter 11.
-
August 14, 2025
Fox Rothschild Lands Cohen Seglias' Delaware Office Leader
Fox Rothschild LLP has added the former managing partner of Cohen Seglias Pallas Greenhall & Furman PC's Delaware office to expand its real estate practice in the First State and beyond.
-
August 14, 2025
Del. Lawmakers Seek Study To Fix Property Tax Assessments
Delaware's General Assembly called for an immediate review of a recent statewide property reassessment to develop legislation to improve the state's property tax assessment process under a Senate concurrent resolution passed by state lawmakers.
Expert Analysis
-
Criminal Enforcement Considerations For Gov't Contractors
Government contractors increasingly exposed to criminal liability risks should establish programs that enable detection and remediation of employee misconduct, consider voluntary disclosure, and be aware of the potentially disastrous consequences of failing to make a mandatory disclosure where the government concludes it was required, say attorneys at Crowell & Moring.
-
The Often Overlooked NY Foreclosure Notice Requirements
As multifamily real estate defaults mount, New York foreclosing parties should be aware of pitfalls and perils that can await the litigant who is not prepared to ensure adherence with tenant notice requirements under the Real Property Actions and Proceedings Law, say Christopher Gorman and John Muldoon at Rosenberg & Estis.
-
A Case Study For Calif. Cities In Water Utility Takeovers
With growing water scarcity and drier weather looming, some local governments in California have sought to acquire investor-owned water utilities by eminent domain — but the 2016 case of Claremont v. Golden State Water is a reminder that such municipalization attempts must meet certain statutory requirements, say attorneys at Nossaman.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.