Commercial
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June 16, 2025
Duane Morris Opens Office Designed For Collaboration In NYC
Duane Morris LLP announced Monday that it has opened an office in Manhattan that brings together about 80 attorneys from its previous office in Times Square and 60 lawyers who were at the former Satterlee Stephens LLP offices on Park Avenue for the first time since the March 2020 merger of the two firms.
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June 16, 2025
Dechert, Skadden Guide $1.16B Industrial Portfolio Financing
Industrial Logistics Properties Trust announced on Monday it has secured a $1.16 billion financing that it plans to use to pay down mortgage debt coming due in October, in a deal guided by Dechert LLP and Skadden Arps Slate Meagher & Flom LLP.
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June 16, 2025
Walker & Dunlap Closes $135M Real Estate Fund
Real estate private equity shop Walker & Dunlap Investment Partners, advised by Polsinelli PC, on Monday revealed that it wrapped up fundraising for its seventh discretionary fund after securing $135 million from investors.
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June 16, 2025
NYC Real Estate Week In Review
Konner Gershburg and Abrams Garfinkel are among various law firms that scored work on the largest New York City real estate deals that hit public records last week, a slow period that saw only one deal above the $15 million mark.
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June 16, 2025
Aztec Fund Gets OK To Wind Down Business In Ch. 11
A Texas bankruptcy judge has approved private equity investment group Aztec Fund's Chapter 11 liquidation plan, letting the debtor wind down its business after agreeing to sell three office buildings to settle a dispute with Bank of America.
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June 13, 2025
Invesco Lends $354.6M For Bridge Industrial Portfolio Refi
A Bridge Investment Group firm won a $354.6 million refinancing for an industrial portfolio of properties in five states from an affiliate of Invesco Real Estate, with Sidley Austin LLP and Troutman Pepper Locke LLP advising.
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June 13, 2025
Cannabis Fund Seeks End Of $145M Mismanagement Suit
An investment fund has decided to voluntarily dismiss its lawsuit against two California businessmen who allegedly squandered $145 million given to them by a now dead Russian billionaire to launch cannabis grow operations in the state.
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June 13, 2025
White House Stands By Biden-Era Construction Labor Rule
The Trump administration clarified that federal agencies should still use project labor agreements on large federal construction projects, weeks after a court vacated two agencies' directives that purported to eliminate this requirement.
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June 13, 2025
Tax Credit Sales Would Be Difficult To Insure Under House Bill
House Republicans' sweeping budget bill proposes to promptly scale back the clean energy tax incentives established by the 2022 climate law, a move that would make it difficult for tax insurers to back project development deals that want to sell their tax credits for cash.
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June 13, 2025
NFL Team Says Cleveland Is Stalling In Stadium Move Fight
The Cleveland Browns hit back at the city's bid to convince an Ohio federal court to reconsider its decision to let the National Football League team amend its stadium move suit, arguing that reconsidering the ruling is unnecessary and that the city is just stalling.
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June 12, 2025
Domino's Seeks To Shake Suit Over Performance Statements
Domino's Pizza Inc. pushed for the dismissal of a proposed securities class action alleging the pizza giant knew that a major franchisee would underperform when the company made positive, forward-looking statements to shareholders, arguing that the claims are based on assertions over which the chain can't be sued.
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June 12, 2025
Locals Approve $3B Plan To Lure NHL Team Back To Atlanta
Officials in Forsyth County, Georgia, north of Atlanta, have signed off on a $3 billion mixed-use plan anchored by an arena, which developers hope will draw a professional hockey team back to the region.
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June 12, 2025
Insurer Says $30M Counterclaims Against Builder Not Covered
An insurer says it owes no coverage for nearly $30 million in counterclaims against a construction company that allegedly violated its contract for a Texas project, telling a Tennessee federal court that the counterclaims either didn't involve covered bodily injury or property damage or were otherwise excluded.
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June 12, 2025
3 Firms Help Sixth Street Partner With Housing Developer
Sixth Street Investment, advised by Latham & Watkins LLP and Nixon Peabody LLP, has teamed up with L+M, led by Fried Frank Harris Shriver & Jacobson LLP, to support the real estate firm's housing development and investment efforts across the U.S.
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June 12, 2025
Firms Seek Luxury Or Stay Put In Tight Real Estate Market
A reduction in new construction and office vacancy has led more firms to renew their office leases in recent years, while others are spending significantly more than the original asking price on leasing new luxury offices, according to a recent report.
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June 12, 2025
Casino Plan Gets Nod From NYC Council With Mayor's Help
The New York City Council set the groundwork for the state Legislature to earmark a portion of a Bronx park for Bally's proposed casino project, overriding opposition from the district's city councilmember with Mayor Eric Adams' support.
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June 12, 2025
Castle Peak Raises $315M, With Wyoming Resort Its First Buy
Investment firm Castle Peak Holdings on Thursday said it raised $315 million in its second vehicle, acquiring the Snow King Resort in Jackson Hole, Wyoming, in the fund's first purchase.
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June 12, 2025
Pa. Panel Says Borough Didn't Break Law In Condemning Mall
A Pennsylvania appellate panel affirmed a decision backing the borough of West Mifflin's condemnation of a local mall, rejecting the property owner's argument that its due process rights were violated.
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June 12, 2025
Maine Gives 2 Years To Fight Tax Debt Biz Property Takings
Maine won't allow challenges to governmental takings of commercial real estate for nonpayment of property taxes after a statutory two-year period ends, under a bill signed by the governor.
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June 12, 2025
Retail REIT InvenTrust Closes $306M Sale Of Calif. Properties
A retail-focused real estate investment trust has unloaded five California retail properties for $306 million and plans on using the money to reinvest in "key Sun Belt markets," the REIT announced on Thursday.
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June 11, 2025
EB-5 Investor Suit Belongs In Arbitration, Fla. Court Hears
The developers of a mixed-use real estate project in Boca Raton have asked a Florida federal judge to send to arbitration a proposed class action by foreign investors seeking EB-5 immigrant visas, who claim their money was reinvested without their consent.
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June 11, 2025
South Korean CRE Mezz Lenders Push Back
South Korean investors that piled into the U.S. commercial real estate market — often in the form of mezzanine debt on trophy office buildings — are taking a more aggressive approach to resolving troubled assets, as segments of the office market show signs of life.
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June 11, 2025
Mo. House Passes $1.5B Stadium Bill To Keep Chiefs, Royals
The Missouri House of Representatives voted Wednesday to approve tax and other incentives worth $1.5 billion to help build or upgrade stadiums for Kansas City's MLB and NFL franchises, on the last day of a special legislative session ordered by Gov. Mike Kehoe.
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June 11, 2025
Developer Of Historic Detroit Hospital Campus Files Ch. 11
The developer of a historic hospital campus in Detroit has launched Chapter 11 proceedings in New York bankruptcy court, listing up to $10 million both in assets and liabilities and disclosing that it fell behind last year on commitments in its agreement with the city.
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June 11, 2025
Green Energy Co. Lands $206M For Geothermal Project
Fervo Energy announced Wednesday that it has secured $206 million in additional capital to aid with the ongoing development of a 500-megawatt geothermal power plant in Beaver County, Utah, with commitments from new and existing partners.
Expert Analysis
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How GSA Lease Clauses May Affect DOGE Terminations
The Department of Government Efficiency has begun to cut the U.S. General Services Administration's enormous real estate portfolio, but some standard lease clauses include limits helpful to landlords that may slow progress toward the administration's cost-cutting goals, say attorneys at Pillsbury.
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What SDNY Judge Can And Can't Do In Adams Case
The federal judge in the Southern District of New York overseeing the criminal case against New York City Mayor Eric Adams deferred making a decision on the government's motion to dismiss the indictment, and while he does have limited authority to deny the motion, that would ultimately be a futile gesture, says Ethan Greenberg at Anderson Kill.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
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Nippon Order Tests Gov't Control Over Foreign Investments
The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.
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A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.
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As EPA Backs Down, Expect Enviros To Step Up Citizen Suits
As President Donald Trump's U.S. Environmental Protection Agency draws down federal enforcement efforts, environmental groups will step into the void and file citizen suits — so companies should focus on compliance efforts, stay savvy about emerging analytical and monitoring methods, and maintain good relations with neighbors, say attorneys at Beveridge & Diamond.
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Emphasize Social Spaces During RE Project Public Review
As Boston continues to work through revisions to its public review process for real estate projects, developers attempting to balance impact mitigation and community improvements may benefit from emphasizing the ways in which development plans can facilitate open social exchange, says David Linhart at Goulston & Storrs.
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What Contractors Can Do To Address Material Cost Increases
In light of the Trump administration's plans to increase tariffs on Mexico, Canada and China, construction industry players should proactively employ legal strategies to mitigate the impacts that price increases and uncertainty may have on projects, says Brenda Radmacher at Seyfarth Shaw.
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Reg Waiver Eases Calif. Rebuilding, But Proceed With Care
California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.
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Insurance Considerations For LA Wildfire Recovery
Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.
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LA Wildfires' Effect On Calif. Insurer Of Last Resort
Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.
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Public Corruption Enforcement In 2024 Has Clues For 2025
If 2024 activity is any indication, the U.S. Supreme Court will likely continue to rein in expansive prosecutorial theories of fraud in the year to come, but it’s harder to predict what the new administration will mean for public corruption prosecutions in 2025, says Cathy Fleming at Offit Kurman.