Commercial
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August 27, 2025
CUNY Signs $40M Deal To Buy Manhattan College Campus
New York City public university system the City University of New York has agreed to pay $40 million for the Downtown Manhattan campus of the private Metropolitan College of New York, according to an official MCNY voluntary filing.
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August 27, 2025
Contractors Looking To AI To Navigate Construction Tariffs
Construction contractors are increasingly leveraging the power of artificial intelligence and technology to navigate the headwinds and uncertainty that have come with President Donald Trump's trade war, a technology executive recently told Law360 Real Estate Authority.
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August 27, 2025
Faegre Drinker Says Investor Can't Call Biz Loss Malpractice
Faegre Drinker Biddle & Reath LLP told a New Jersey state court this week that a malpractice suit it faces from a real estate investor is nothing more than an attempt by the investor to shift responsibility for a failed investment.
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August 27, 2025
Jones Day Continues Real Estate Growth With McDermott Atty
Jones Day announced the latest addition to its real estate practice on Wednesday, welcoming a New York-based attorney from McDermott Will & Schulte LLP.
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August 27, 2025
Jailed Pastor Cites Adams Dismissal In Bid To Beat Charges
A clergyman serving a nine-year sentence for fraud cited his ties to New York City Mayor Eric Adams on Wednesday in a bid to have his conviction overturned in the wake of the Trump administration's dismissal of the charges against Adams.
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August 27, 2025
Simpson Thacher Closes Co.'s Texas Logistics Properties Buy
Stonepeak acquired two Fort Worth, Texas, logistics assets that take up 748,000 square feet in a deal guided by Simpson Thacher & Bartlett LLP, the alternative investment firm announced.
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August 27, 2025
Atty Eyes Chilling Effect From Texas Foreign Ownership Law
In the latest effort by states to deter foreign control of real estate, Texas has introduced a sweeping prohibition, effective Sept. 1, against certain countries owning real property in the state. Polsinelli shareholder Weston B. Rockers explains how deals could be structured going forward — and how the law may scramble existing transactions.
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August 26, 2025
Expedia Says 11th Circ. Ruling Dooms Helms-Burton Verdict
Expedia, Orbitz and Hotels.com tried to undo a $29.85 million verdict over Helms-Burton Act violations Tuesday, telling a Florida federal judge the plaintiff, who claims his family owned a Cuban barrier island before its seizure by Fidel Castro's government, does not meet the Eleventh Circuit's recently set standard.
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August 26, 2025
Kirkland Guides REIT's $285M Seattle Office Tower Refi
Hudson Pacific Properties Inc., guided by Kirkland & Ellis LLP, obtained a five-year, interest-only $285 million loan in a Wells Fargo-led deal to refinance a loan secured by the real estate investment trust's 668,000-square-foot office tower in Seattle's Denny Triangle neighborhood.
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August 26, 2025
White & Case Guides Hotel REIT's $480M Company Sale
Braemar Hotels & Resorts Inc., guided by White & Case LLP, wants to sell itself for at least $480 million, the luxury hotels- and resorts-focused real estate investment trust announced Tuesday.
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August 26, 2025
Feds Look To Dismiss Calif. Tribe's $700M Casino Dispute
The U.S. Department of the Interior, with the backing of two tribes and the California Gaming Association, is looking to dismiss a lawsuit over its decision to temporarily nix eligibility for a proposed $700 million casino and hotel project, arguing it doesn't constitute a final agency action under the Administrative Procedure Act.
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August 26, 2025
Ohio House Bills Seek To End Or Limit Property Taxes
Three bills introduced in the Ohio House of Representatives would eliminate property taxes by 2030, allow voters to introduce ballot initiatives to lower property taxes and increase the approval threshold for passage of certain property taxes.
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August 26, 2025
Tax Credit Dispute Sparks $1.3M Lawsuit Against Jersey City
A prominent Garden State developer filed a lawsuit against New Jersey's second-largest city, claiming the city improperly reversed its position on a longstanding tax agreement — demanding nearly $1.3 million in back payments that the developer says it does not owe.
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August 26, 2025
NYC Real Estate Week In Review
Fried Frank, Davis Polk and Seyfarth guided a Manhattan real estate deal north of $1 billion, the first 10-figure New York City deed that's hit records this year and one of three large trades that became public last week.
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August 26, 2025
Calif. Senate OKs New Tax Default Property Sales Rules
California county boards of supervisors would be required to take new steps before approving the sale of a tax-defaulted property under a bill passed by the state Senate.
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August 26, 2025
Medical Cannabis REIT Seeks Escape From Shareholders' Suit
A cannabis-focused real estate investment trust and its executives told a Maryland federal court to permanently dismiss a proposed securities class action, arguing that most of the "core" accusations about them misleading shareholders "are speculative or factually unsupported."
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August 26, 2025
Dick's Sporting Goods Gets $2.4B Foot Locker Deal Cleared
Dick's Sporting Goods Inc. said Tuesday that the waiting period has expired for its planned $2.4 billion purchase of Foot Locker, after it had previously given the Federal Trade Commission additional time to review the deal.
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August 26, 2025
Fried Frank Guides NYC Office-To-Hotel Conversion Bid
An affiliate of Kensico Properties filed an application with the Department of City Planning to convert a New York City office building into a 30-story hotel, guided by Fried Frank Harris Shriver & Jacobson LLP.
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August 26, 2025
Buchalter Adds Ex-Carlton Fields Attys To LA Office
Buchalter has hired two former Carlton Fields attorneys as shareholders for its corporate team in Los Angeles, and one of the announced hires is returning to the firm after almost 30 years.
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August 25, 2025
Rite Aid, Lease Buyer Hit Back At Landlord's Sale Objection
Bankrupt drugstore chain Rite Aid and the discount clothing retailer Ross Dress For Less are pushing back against a landlord who objected to the debtor's sale of 18 store leases to Ross, saying the planned sale is in Rite Aid's best interest.
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August 25, 2025
Alaska Looks To Reopen Tribal Gaming Lease Dispute
Alaska is asking a D.C. federal court to reopen a dispute that rejected an Indigenous tribe's bid to secure the right to open a bingo hall, alleging that the tribe is now claiming governmental powers over the land and treating it as Indian Country under the Indian Gaming Regulatory Act.
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August 25, 2025
Atlanta-Area Hotels Failed To Stop Sex Trafficking, Suit Says
A group of Atlanta-area hotel owners and operators, including Ritz-Carlton Buckhead, were sued in Georgia federal court by a woman who alleged that they did nothing to prevent her from being trafficked for sex as a minor even at their properties though the signs were blatant.
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August 25, 2025
Ex-TSA Attorney Among 3 New Lawyers At Kaplan Kirsch
A former Transportation Security Administration attorney is among three lawyers who recently joined Kaplan Kirsch LLP, a Denver-based law firm that specializes in representing state, local and tribal government agencies on projects such as airport expansions and new rail lines.
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August 25, 2025
Vornado To Buy NYC Office Tower, Scraps Residential Plan
Vornado Realty Trust will pay $218 million to acquire and redevelop a 36-story office condominium into a new office property, canceling the seller's previous plan to convert the property into a residential building, the real estate investment trust announced Monday.
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August 25, 2025
Morrison Cohen Hires Ex-K&L Gates Real Estate Partner
Manhattan-based Morrison Cohen LLP announced Monday the hiring of a former K&L Gates LLP partner for its real estate practice.
Expert Analysis
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5 Insurance Types For Mitigating Tariff-Related Trade Losses
The potential for significant trade-related losses as a result of increased tariffs may cause companies to consider which of their insurance policies, including marine, builders risk, trade credit, and directors and officers, could provide coverage to alleviate the financial impact, say attorneys at Pillsbury.
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Avoiding Pitfalls Around New Calif. Commercial Lease Law
A California law that became effective this year requires commercial landlords to extend certain protections previously afforded to residential tenancies, and a few key provisions of the law especially warrant reexamination of leasing and operational processes, say attorneys at Holland & Knight.
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Measuring And Mitigating Harm From Discriminatory Taxes
In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.
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Addressing Tariff Price Escalation In Construction Contracts
As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.
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How The CRE Industry Is Adapting To Tariff Uncertainty
Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.
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Reconciling 2 Smoke Coverage Cases From California
As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.
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Contractor Remedies Amid Overhaul Of Federal Spending
Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.
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Contract Disputes Recap: Terminations Galore
Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.
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Making The Opportunity Zones Program Great At Last
As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.
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Investor Essentials For Buying Federally Owned Property
Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.
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How 2025 Is Shaping The Future Of Bank Mergers So Far
Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.
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Why NY May Want To Reconsider Its LLC Transparency Law
Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.