Commercial
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June 06, 2025
Orthodox Family Files $50M Bias Suit Against Country Club
An Orthodox Jewish family has filed a $50 million lawsuit against a Boca Raton, Florida, country club for allegedly suspending them after the father posted a viral social media video of him helping an Instagram personality wrap tefillin — a traditional Jewish prayer ritual — on the golf course.
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June 06, 2025
NJ Panel Revives Contract Row Between Pot Co., Landlord
A New Jersey state appeals court on Friday revived a Paterson property owner's suit against a would-be dispensary and its principals alleging they broke a deal to share profits from the dispensary, finding that the trial court wrongly conflated the contract's requirement for local approval with a cannabis license.
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June 06, 2025
11th Circ. Limits Easement Tax Break Tied To Failed Project
A Georgia partnership that formed after the failure of a resort development and donated a conservation easement in exchange for a tax break cannot take an $8.9 million deduction for the property's fair market value because the land was considered inventory, the Eleventh Circuit said Friday.
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June 06, 2025
LA Fire Victims Say AAA, USAA Left Many Unable To Rebuild
California homeowners accused AAA and USAA of systematically undervaluing the replacement cost of their homes all while advertising adequate coverage and financial security, telling a state court that many cannot now afford to replace or rebuild their homes following the wildfires in Los Angeles earlier this year.
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June 06, 2025
Husch Blackwell Adds 2nd Real Estate Partner In A Month
Husch Blackwell LLP hired a Cozen O'Connor shareholder as real estate partner for its real estate, development and construction team in its Dallas and Minneapolis offices, making this the firm's second real estate partner hiring since May, the firm announced.
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June 06, 2025
Bilzin Sumberg Guides $21M Miami Opportunity Zone Sale
Bilzin Sumberg Baena Price & Axelrod LLP advised Malaysian gaming company Genting Group on the $21 million sale of a downtown Miami development site to an opportunity zone fund from two real estate attorneys.
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June 06, 2025
Greenberg Traurig Adds Clifford Chance Private Funds Atty
Greenberg Traurig LLP said Friday that it has added Daniel F. Rayner to its corporate private funds group from Clifford Chance LLP.
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June 06, 2025
Conn. Appeals Court OKs Tax Penalty For Late Rental Form
The owner of a Connecticut commercial property was correctly charged a tax penalty for failing to submit a form disclosing rental income on time, a state appeals court said Friday.
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June 06, 2025
Taxation With Representation: Winston, Stibbe, Weil, Goodwin
In this week's Taxation With Representation, Chart Industries Inc. and Flowserve Corp. merge, Aedifica NV and Cofinimmo NV unite, Sanofi buys Blueprint Medicines Corp., and Kimberly-Clark Corp. sells a majority stake in its international tissue business to Suzano.
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June 06, 2025
Fox Rothschild Settles Suit Over $3M Real Estate Deal
Fox Rothschild LLP has settled a Colorado real estate investor's legal malpractice lawsuit over a $3 million development deal that went wrong, according to a new order filed in state court directing the parties to file for dismissal within a month.
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June 06, 2025
PE Firms Are Top Opportunity Zone Investors, Report Finds
A group tracking private equity activity said each of the 15 largest investors in the federal opportunity zone program are private equity firms, with Salt Lake City, Utah-based Bridge Investment Holdings topping the list with $3.7 billion in opportunity zone funds.
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June 06, 2025
Vornado Lands $675M Refi For Manhattan Apartment Complex
A Vornado Realty Trust joint venture obtained a five-year $675 million loan that refinances a 1,328-unit Manhattan apartment complex in the borough's Tribeca neighborhood, the company announced.
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June 05, 2025
Hotel Sector Gauges Headwinds As Busy Season Begins
As we approach the midpoint of 2025 and the start of the summer travel season, hotel owners, operators and investors are closely watching international travel, the president's trade policies and the Federal Reserve.
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June 05, 2025
Colliers Says Hotel Sector Recovery May Face 2025 Setback
Commercial broker Colliers said the U.S. hospitality sector stands at a crossroads following a recovery from the pandemic, with upscale properties showing resilience as lower-tier hotels demonstrate signs of struggle.
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June 05, 2025
Clark Hill Adds Morris Manning Real Estate Ace In Atlanta
A former Morris Manning & Martin LLP real estate partner is the latest attorney this year to join Clark Hill PLC and help grow an Atlanta office that opened nearly a year ago, the firm announced Wednesday.
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June 05, 2025
Shumaker Brings On RE Partner In Fla. From Johnson Pope
Shumaker Loop & Kendrick LLP announced Thursday that it's continuing its Sunshine State hiring spree with a new partner to its real estate, construction and development service line in St. Petersburg, Florida, from Johnson Pope Bokor Ruppel & Burns LLP.
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June 05, 2025
Chicago Fire Pitch $650M Arena For Vacant South Loop Site
The Chicago Fire soccer team has announced plans to build a $650 million stadium on a long-vacant site in the South Loop that was recently eyed for a new baseball stadium.
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June 04, 2025
States Take Aim At Healthcare REITs
State lawmakers seeking to curb healthcare investment models they see as harmful to patients have sharpened their focus on real estate investment trusts, putting forth bills to restrict their ownership of healthcare real estate or increase oversight of such transactions.
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June 04, 2025
Hospitality Law Leaders Parse Trade War Fallout
In this weekly Q&A series from Law360 Real Estate Authority, law firm hospitality leaders assess the issues the hotel space is facing amid market uncertainty and the ongoing trade war.
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June 04, 2025
NC Mall Owner Fails To Boost $1K Water Damage Award
A North Carolina mall property owner lost its bid to increase a paltry water damage award when a state appellate panel ruled Wednesday that the landlord failed to show sufficient evidence of damage from a neighboring property's stormwater runoff.
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June 04, 2025
Calif. Hotel Operator Seeks To Triple DIP In Ch. 11 To $19.5M
California hotel operator MOM CA Investco LLC asked a Delaware bankruptcy judge to increase its Chapter 11 financing by $14.5 million, up from the $5 million that has already been approved.
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June 04, 2025
What's Behind The Surge In Real Estate Secondaries Market
More and more investors are selling off their stakes in real estate funds to hungry buyers on the secondary market, a trend that attorneys attribute to more than just a need for cash.
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June 04, 2025
Boston Life Sciences Market Facing Downturn In 2025
The fundamentals of the metropolitan Boston life sciences market have "weakened" in the first three months of 2025, partially because available space is at "an all-time high," according to a report from Colliers.
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June 04, 2025
Pa. Brewery Co-Owner Claims Fraud Against Jailed Partner
A Pittsburgh-area business owner currently jailed for insurance and bankruptcy fraud is also accused of defrauding his former partner in a brewery and restaurant, including hiding the fact that the building the partner was renovating and living in was actually condemned, according to a lawsuit filed in state court.
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June 04, 2025
Amtrak Bribery Plot Nets Contractor Nearly 5-Year Sentence
A former executive for a masonry contractor who admitted to participating in a scheme that involved bribing an Amtrak manager to overbill the federal government $2 million in a $50 million restoration of Philadelphia's 30th Street Station was sentenced to 57 months in prison by a Pennsylvania federal court.
Expert Analysis
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Bid Protest Spotlight: Debriefings, Timeliness, Documentation
James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.
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A Look At Recent Case Law On Expedited Judgment In NY
A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.
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Dealmaker Lessons From CFIUS' New Enforcement Webpage
The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.
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Reassessing Lease Provisions To Account For ESG Initiatives
As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.
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Avoid Getting Burned By Agencies' Solar Financing Spotlight
Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.
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Co-Tenancy Clause Pointers For Shopping Center Landlords
Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.
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Assessing Algorithmic Versus Generative AI Pricing Tools
A comparison of traditional algorithmic pricing models and those powered by generative artificial intelligence can help regulators and practitioners weigh the pros and cons of relying on large language models to price products or services, say Maxime Cohen at McGill University, and Tim Spittle and Jimmy Royer at Analysis Group.
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Navigating A Potpourri Of Possible Transparency Act Pitfalls
Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.
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Keys To Successful Commercial Property Insurance Claims
Excerpt from Practical Guidance
While insurance needs for commercial leasing arrangements are driven by the characteristics of the premises and the nature of the tenants' intended operations, there are several universal best practices landlords and their counsel can follow when making claims after loss or damage.
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Tips For Handling Single Asset Real Estate Bankruptcy Cases
Excerpt from Practical Guidance
Bankruptcy counsel should consider several strategies when representing either a debtor or lender in single asset real estate debtor Chapter 11 cases, which generally arise when a debtor is forced to file for relief to stop an impending foreclosure sale.
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Increased Scrutiny Raises Int'l Real Estate Transaction Risks
Recently proposed regulations expanding the Committee on Foreign Investment in the United States' oversight, a White House divestment order and state-level legislative efforts signal increasing scrutiny of real estate transactions that may trigger national security concerns, say Luciano Racco and Aleksis Fernández Caballero at Foley Hoag.
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Portland's Gross Receipts Tax Oversteps City's Authority
Recent measures by Portland, Oregon, that expand the voter-approved scope of the Clean Energy Surcharge on certain retail sales eviscerate the common meaning of the word "retail" and exceed the city's chartered authority to levy tax, say Nikki Dobay at Greenberg Traurig and Jeff Newgard at Peak Policy.
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Proposed Law Would Harm NYC Hospitality Industry
A recently proposed New York City Law that would update hotel licensing and staff coverage requirements could give the city commissioner and unions undue control over the city's hospitality industry, and harm smaller hotels that cannot afford full-time employees, says Stuart Saft at Holland & Knight.