Commercial
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May 02, 2025
Trump Proposes Massive Cuts To Federal Housing Assistance
The Trump administration outlined $163 billion in cuts to non-defense government spending next year in a Friday memo from the Office of Management and Budget, including significant cuts to federal rental assistance to shift responsibility for the programs to states.
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May 02, 2025
Dickinson Wright Combines With Firm, Opens Seattle Office
Dickinson Wright PLLC announced that it has combined with Seattle-based Ashbaugh Beal LLP and opened a full-service office in the city, now home to 11 attorneys and the firm's first foray into the Northwest.
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May 01, 2025
Claims Against Attys In $2.6B Casino Merger Row Get Tossed
A Manhattan federal judge on Thursday permanently ended claims a real estate investor in a botched $2.6 billion Philippine casino deal brought against attorneys from Sadis & Goldberg LLP, finding that claims that they allowed a fraud to unfold and breached their fiduciary duties were too vague.
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May 01, 2025
Soccer Club Spars Over Evidence As Stadium Trial Looms
An Oklahoma soccer team suing the National Premier Soccer League for breach of contract argued that the trial court should allow evidence showing that it lost revenue after the organization refused to allow access to a local stadium for its home games.
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May 01, 2025
VICI Touts Casino Loan, Despite 'Difficult' Collateral Structure
VICI Properties Inc. agreed to provide up to $510 million for a new casino near Madera, California, noting that even though the tribal ownership structure could complicate an attempt to take collateral in the future, it's confident in the operator tapped to oversee the property.
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May 01, 2025
Ballard Spahr Adds Real Estate Ace From Hunton In DC
Ballard Spahr hired ex-Hunton Andrews Kurth LLP attorney Jill S. Parks as a partner for the firm's real estate department and its teams for real estate development and transactions and zoning and land use in its District of Columbia office, the firm announced May 1.
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May 01, 2025
Masonry Exec Cops To $52M Amtrak Program Bribery Scheme
The owner of an Illinois-based masonry business awarded a federal contract to renovate Philadelphia's historic 30th Street Station admitted Wednesday to bribery charges in a case alleging he had his executives shower gifts on an Amtrak employee who then approved additional work that added $52 million to the project's cost.
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May 01, 2025
Zipcar, Garage Not Liable For Injuries To Driver Returning Car
Massachusetts-based car sharing company Zipcar and the owner of a public parking garage are not liable for injuries suffered by a college student who was struck by a drunken driver while dropping off a car back in 2017, an intermediate appellate court concluded Thursday.
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May 01, 2025
Greenberg Traurig Hires Procopio Litigation Duo In San Diego
Greenberg Traurig LLP announced Wednesday that it has added a member of Procopio Cory Hargreaves & Savitch LLP's management committee and another partner from that firm to its litigation practice in San Diego.
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May 01, 2025
Massumi & Consoli Announces New Real Estate Practice
In a move designed to expand the firm's ability to serve clients in transactional matters, national private equity law boutique Massumi & Consoli announced that it has added a real estate practice, led by two New York-based partners who made the leap from Brown Rudnick LLP.
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May 01, 2025
Real Estate Lawyers On The Move
Winston & Strawn, Honigman and Stephenson Harwood are among the law firms that have made recent real estate or construction hires.
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May 01, 2025
Equinix Sees Q1 Revenue Jump As Tariffs Temper Optimism
Equinix Inc.'s CEO expressed optimism in the data center-focused REIT's first-quarter earnings call, noting its $2.2 billion in revenue, but the executive also urged caution due to tariffs implemented by the U.S. and other countries.
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April 30, 2025
Multifamily, Lodging Push CMBS Delinquencies Higher In April
Commercial mortgage-backed securities tied to multifamily and lodging drove overall delinquency rates in April back up to heights not seen since early in the COVID-19 pandemic, per an April 30 report from Trepp.
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April 30, 2025
Tribes Join Push For High Court To Review Ariz. Tax On Plant
Arizona misinterpreted federal law and threatened the sovereignty of a Native American tribe with its taxation of a natural-gas-powered plant that sits on a reservation, the tribe told the U.S. Supreme Court in a brief Wednesday.
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April 30, 2025
Winston & Strawn Guides $450M Loan For Miami Stadium Plan
The developers of a $1 billion Miami soccer stadium project under construction have secured a $450 million mortgage from JPMorgan Chase Bank in a transaction advised by Winston & Strawn LLP.
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April 30, 2025
Ripe For Revitalization, Owners Transform Class B Malls
Class B malls are the subject of renewed focus as owners and developers add residential, hotel, medical, entertainment, and food and dining uses to properties in an effort to reverse sinking vacancy rates at the decades-old assets.
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April 30, 2025
Equity Sees Housing Shortage As Shield Against Uncertainty
Equity Residential executives on Wednesday said the rental giant in the first quarter saw record-low levels of resident turnover along with higher year-over-year occupancy, and is expecting a lack of U.S. housing supply to insulate from unfolding economic uncertainty.
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April 30, 2025
KHP Hires Goodwin Procter Partner As New General Counsel
Real estate private equity firm KHP Capital Partners said Wednesday that former Goodwin Procter LLP real estate partner Alex Lewis will become the firm's executive vice president and general counsel.
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April 30, 2025
Texas Panel Backtracks In Nate Paul's Receiver Row
A Texas appellate court revoked its prior ruling and backed a lower court ruling that allowed an attorney acting as a receiver in one suit to take over as counsel in another suit for a company belonging to real estate investor Nate Paul, permanently dismiss its claims and counterclaims, and reach a settlement.
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April 30, 2025
Real Estate Sees Action-Packed First 100 Days Of Trump
The real estate sector — from which President Donald Trump hails — has not been spared an onslaught of significant policy changes as the new administration marks its first 100 days, including tariffs, a federal office slim-down and an effort to curb diverse hiring programs.
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April 30, 2025
Here's What Real Estate Execs Are Saying About Tariffs
Executives across a wide range of real estate industries recently said President Donald Trump's tariffs would result in cost increases — some providing single-digit expected jumps — and some companies have been stockpiling additional imported supplies ahead of anticipated tariffs.
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April 30, 2025
Gov't Properties REIT Tapped To Build Oregon Courthouse
The General Services Administration has selected Easterly Government Properties Inc. to build a new federal courthouse in Oregon and inked a 20-year, noncancelable lease for the site once construction is complete, the real estate investment trust announced.
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April 30, 2025
K&L Gates Hires Ex-White & Case Atty As Partner In Australia
K&L Gates LLP announced it has brought on a former White & Case LLP attorney as a partner for its energy, infrastructure and resources team in its Melbourne, Australia, office.
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April 30, 2025
Has Student Housing's Big Moment Just Begun?
A post-pandemic supply crunch and trends in college enrollment have set the student housing industry up for what might be its strongest decade yet, according to Newmark's top deal broker for the sector.
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April 29, 2025
Life Sciences REIT Says Tariffs Won't Affect Current Projects
An Alexandria Real Estate Equities Inc. executive said during a Tuesday earnings call that tariffs "are not expected to have a material influence" on the yields of the current development and redevelopment projects of the life sciences-focused real estate investment trust.
Expert Analysis
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Ch. 12 Ruling Is A Helpful Addition To Interest Rate Case Law
In its recent In re: Topp ruling, the Eighth Circuit addressed the question of which rate of interest debtors should pay under a bankruptcy plan, showing that the choice of interest rate plan is a factual issue subject to appellate review for clear error, and not a legal issue subject to de novo review, says Donald Swanson at Koley Jessen.
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Appellate Rulings Highlight Telecom Standard Uncertainties
Two recent contrasting appellate opinions in Cellco v. White Deer Township and NMSurf v. Webber — interpreting Sections 332 and 253 of the Communications Act, respectively — demonstrate the continuing uncertainty carriers face when challenging state and local requirements that may impede their provision of telecommunications services, say attorneys at Davis Wright.
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How Investors Can Seize Renewables Opportunities In RE
As governments and stakeholders increasingly focus on sustainability in the real estate sector, investors could capture significant upside by implementing an operational real estate strategy focused on renewable energy sources, say attorneys at Goodwin.
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Insurance Cos. Are Stretching Construction Standard Limits
In the construction sector, the importance of closely vetting downstream parties' insurance policies has never been more critical — owners and general contractors need to be on the lookout for ever broader carrier-specific expansions of standard insurance provisions that are perilous for risk transfer, says Eric Clarkson at Saxe Doernberger.
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Potential WeWork Bankruptcy May Disrupt Coworking Spaces
If WeWork files for bankruptcy, as hinted at in its recent quarterly earnings report, landlords may struggle to take over management of WeWork's coworking spaces, but the coworking industry as a whole is showing some promise in adapting to the market's evolving post-pandemic office needs, says Ann Chandler at Hall Estill.
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A Cautionary Tale Of Flawed Debt Accounting And SEC Fines
The U.S. Securities and Exchange Commission's recent improper-accounting charges against Malvern Bancorp and its ex-CFO highlight crucial practice issues, including the need to objectively evaluate borrowers' credit, say attorneys at Arnold & Porter.
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Bat's Newly Endangered Status Likely To Slow Development
A recent change in the classification of the northern long-eared bat from "threatened" to "endangered" could have significant effects on development in large portions of the Eastern and Southeastern U.S. — and in the absence of straightforward guidelines, developers will have to assess each project individually, says Peter McGrath at Moore & Van Allen.
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Litigation Can Facilitate EB-5 Investor Visa Determinations
Processing times in the EB-5 investor visa program continue to rise, but filing a mandamus claim in the right venue against U.S. Citizenship and Immigration Services may offer applicants mired in delay a means to expedite processing, says Mark Stevens at Clark Hill.
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Regulators Must Get Creative To Keep Groundwater Flowing
Even as populations have boomed in Sun Belt states like Arizona, California and Texas, groundwater levels have diminished due to drought and overuse — so regulators must explore options including pumping limits, groundwater replenishment and wastewater reuse to ensure future supplies for residential and commercial needs, says Jeffrey Davis at Integral Consulting.
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Key Provisions In Florida's New Insurer Accountability Act
Florida's recent bipartisan Insurer Accountability Act introduces a range of new obligations for insurance companies and regulatory bodies to strengthen consumer protection, and other states may follow suit should it prove successful at ensuring a reliable insurance market, say Jan Larson and Benjamin Malings at Jenner & Block.
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Best Practices For Lenders To Limit Recourse Liability
As projects face loan maturities in a higher interest rate environment, lenders should diligently observe even seemingly innocuous formalities following an event of default in order to minimize potential recourse liability, especially when borrowers have certain covenants, say Ryan Goins and Matthias Kleinsasser at Winstead.
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The Basics Of Being A Knowledge Management Attorney
Excerpt from Practical Guidance
Michael Lehet at Ogletree Deakins discusses the role of knowledge management attorneys at law firms, the common tasks they perform and practical tips for lawyers who may be considering becoming one.
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Rising Interest Rates Bring Risk For Construction Contractors
With rising interest rates causing many construction projects to be slowed or halted, it's important for general contractors to implement safeguard measures against the risk of significant financial losses caused by owner-driven schedule modifications, says Kevin Riexinger at Gfeller Laurie.