Commercial
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October 31, 2025
Office Building REIT Hits Ch. 11 In Texas With $1B+ Debt
A Massachusetts-based real estate investment trust with 124 office properties nationwide has filed for Chapter 11 protection in a Texas bankruptcy court carrying more than $1 billion in debt and an equity swap agreement with its creditors in hand.
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October 30, 2025
UCLA Sued For Plan To Move Games From Rose Bowl To SoFi
Pasadena accused UCLA of ending its agreement to host home football games at the Rose Bowl 18 years early with its plan to move to SoFi Stadium once college football season ends next month, according to a breach of contract suit lodged Oct. 30 in California state court.
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October 30, 2025
NYC Hotel Co. Owners Charged With Fraud Over Loan Scheme
Two owners of a Brooklyn hotel management company "fraudulently obtained" nearly $2 million worth of COVID-19 relief loans in a wire and bank fraud scheme that stretched from at least March 2020 to April 2022, the federal government alleged in New York federal court on Thursday.
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October 30, 2025
Despite Raid, Smoke Shop Must Give Tribe Sales Records
Retailers sued by the Cayuga Nation over unpaid taxes from allegedly operating an unsanctioned smoke shop on tribal land must still fork over daily sales records even after New York State Police seized all cannabis product, a federal judge ruled Oct. 30, following yet another heated exchange in which the entrepreneurs blamed the tribe's leader for the raid.
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October 30, 2025
NJ Panel Backs Tossing Of Fraud Suit In Industrial Lease Row
A New Jersey state appeals court on Thursday rejected a container loading company's bids for a revival of its permanently dismissed suit, which accused a landlord of leasing a poorly maintained property.
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October 30, 2025
Apollo's Bridge Investment Nets $2B For Real Estate Debt
Bridge Investment Group, an affiliate of Apollo Global Management, announced Oct. 30 it closed its latest fund for investing in commercial property debt at $2.15 billion and is planning to target deals in the residential rental and logistics sectors.
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October 30, 2025
AI Drove Growth For Data Center REITs In Q3
Demand for artificial intelligence computing infrastructure helped usher in a significant gain in bookings in the third quarter for data center real estate investment trusts Digital Realty and Equinix, executives at the companies said in earnings calls.
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October 30, 2025
Ill. Bill Seeks Credit For Small-Biz Property Tax Payments
Illinois would allow eligible small businesses to claim an income tax credit for a portion of their property tax payments under a bill introduced in the state House of Representatives.
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October 30, 2025
Norton Rose To Take More Space In Namesake Houston Tower
Norton Rose Fulbright is planning to take an additional floor in the downtown Houston office tower that bears the firm's name just over a year after moving its headquarters into a seven-floor space in the building.
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October 29, 2025
Ex-Chicago Alderman's Aide Pleads Guilty In Bribery Case
The chief of staff to former Chicago City council member Carrie Austin admitted Wednesday he misappropriated Supplemental Nutrition Assistance Program funds in a criminal case that also accused him and Austin of accepting benefits from contractors seeking city assistance for a development project in her ward.
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October 29, 2025
Examining Why Florida Has Not Joined Data Center Boom
While Florida has been running ahead of the curve in real estate development across many sectors, from residential to office to industrial, the Sunshine State has not yet caught the train of hyperscale data center construction charging across the country.
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October 29, 2025
The Rise Of The SCIFs
While the office market has struggled to regain its footing in recent years, those that are purpose-built to house secure government information have continued to enjoy high demand. Federal SCIF standards are undergoing their first major update in 15 years, which could prove challenging for the secure facilities and those who advise on them.
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October 29, 2025
Dallas Mavericks Sue To Eject Dallas Stars From Arena
The NBA's Dallas Mavericks launched a suit in the Texas Business Court aimed at wresting control of the American Airlines Center away from the NHL's Dallas Stars, saying the Stars forfeited their right to co-lease the stadium when they moved their headquarters.
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October 29, 2025
Ga. Panel Partially Revives Solar Farm Property Dispute
The Georgia Court of Appeals found a trial court should have let a jury decide whether two solar companies were obligated to pay $150,000 per year in fixed fees to the owners of 295 acres of property in Mitchell County that they planned to develop for solar energy production.
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October 29, 2025
Ga. Dorm Operator Gets Ch. 11 Disclosures OK'd
The bankrupt operator of dormitories at nine Georgia universities received approval Wednesday from a Delaware judge for its Chapter 11 disclosure statement and vote solicitation procedures, after the company reached an agreement with the colleges' regulators over the assumption of student living contracts.
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October 29, 2025
Cushman & Wakefield Ex-Broker Alleges Pregnancy Bias
A former Cushman & Wakefield real estate broker claimed in a federal lawsuit Tuesday that she was cheated out of nearly $250,000 in pay after the company slashed her commissions and took away her top account while she was out on maternity leave.
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October 29, 2025
Warburg, Madison International Unveil $300M RE Initiative
Private equity firm Warburg Pincus announced Wednesday that it has teamed up with real estate investment firm Madison International Realty to create a $300 million initiative that aims to use "liquidity solutions" to invest in discounted residential, industrial, cold storage and data center properties, among others.
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October 29, 2025
AirTrunk, Humain Plan $3B Data Center In Saudi Arabia
AirTrunk, a data center platform owned by Blackstone, and artificial intelligence company Humain have partnered up to build a $3 billion data center in Saudi Arabia, according to an announcement.
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October 29, 2025
The Retail Property Sector Is Shedding Its Old Skin
The recent spate of big-box stores going bankrupt is a sign the sector is changing for the better and not cause for alarm for retail property investors and owners, attorneys and market experts told Law360 Real Estate Authority.
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October 29, 2025
Sidley Austin Guides $900M Manhattan Office Refi Deal
The owner of a 2.11 million-square-foot Manhattan office and retail building has borrowed a $900 million refinancing loan from Goldman Sachs, Deutsche Bank's German American Capital Corp. and Sidley Austin LLP-led JPMorgan Chase, recent property records showed.
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October 28, 2025
Romania Pushes €2B Claim Over Stymied Bucharest Project
A property developer is facing a €2 billion ($2.3 billion) claim asserted by Romania in a London Court of International Arbitration proceeding relating to an ill-fated shopping and entertainment center project in central Bucharest.
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October 28, 2025
3 Firms Guide Apex Treasury's $300M Blockchain, Crypto IPO
Special purpose acquisition company Apex Treasury Corp., guided by Perkins Coie LLP and Appleby (Cayman) Ltd., has completed a $300 million blockchain and cryptocurrency-focused initial public offering, which was supported by Pillsbury Winthrop Shaw Pittman LLP-led underwriters.
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October 28, 2025
NJ Appellate Court Won't Revive Legal Malpractice Dispute
A New Jersey appellate court upheld a trial court's dismissal of a legal malpractice suit stemming from a 1995 commercial property deal, finding Tuesday that the property owners failed to turn over complete discovery responses for nearly two years.
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October 28, 2025
Greenberg Traurig Guides JV's Outpatient Portfolio Buy
A Remedy Medical Properties and Kayne Anderson Real Estate joint venture, guided by Greenberg Traurig LLP, has become the top outpatient medical properties owner in the U.S. after it acquired an 18 million-square-foot, 296-property portfolio of outpatient medical facilities from real estate investment trust Welltower.
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October 28, 2025
NYC Real Estate Week In Review
Hogan Lovells, Paul Hastings LLP and Kriss & Feuerstein LLP and are among the law firms that guided the largest New York City real estate deals made public last week, which included the sale of the former Trump SoHo in Manhattan and the bankruptcy sale of an unfinished luxury rental project in Prospect Lefferts Gardens in Brooklyn.
Expert Analysis
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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.
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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.