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Commercial

  • September 03, 2025

    2 Firms Advise $300M Investment In Shopping Center REIT

    Charleston, South Carolina-based retail owner Bond Street Real Estate Investment Trust said Wednesday that it has attracted a $300 million commitment from private equity firm Conversant Capital in an investment advised by Allen Matkins Leck Gamble Mallory & Natsis LLP and Fried Frank Harris Shriver & Jacobson LLP.

  • September 03, 2025

    Texas Bill Would OK More Sales Tax For Property Tax Relief

    Texas would allow local governments to impose supplemental sales and use tax to raise additional revenue for property tax relief if the sales and use tax is approved by voters under a bill introduced in the state House of Representatives.

  • September 03, 2025

    SL Green Nabs Former Brooks Brothers Flagship For $160M

    SL Green Realty Corp. announced a deal to buy the site of the former Brooks Brothers flagship store and an adjacent office building from the former head of the brand in a $160 million deal.

  • September 02, 2025

    Linklaters, Sidley Guide $540M Infrastructure Co. Stake Deal

    Macquarie Asset Management Inc. paid $540 million to Dow Inc. for an additional 9% equity stake in Diamond Infrastructure Solutions in a deal steered by Linklaters LLP and Sidley Austin LLP, it was announced on Tuesday.

  • September 02, 2025

    11th Circ. Affirms Slashing Ex-Braves' $47M Easement Break

    A $47 million conservation easement deduction聽for a partnership founded by two former Atlanta Braves players was overvalued, the Eleventh Circuit affirmed Tuesday,聽saying none of the partnership's arguments undermined the U.S. Tax Court's finding that the easement property was worth far less than it claimed.

  • September 02, 2025

    Bankrupt Calif. Developer Seeks OK For Extra DIP From City

    SilverRock Development asked a Delaware bankruptcy judge for permission to take out up to $2 million in additional Chapter 11 financing from the California city it had planned to build a resort in, saying it needs the funds to wind down its Chapter 11 case.

  • September 02, 2025

    Simpson Thacher Guides Blackstone's $5.5B Fund

    Blackstone announced Tuesday that it has closed on its latest infrastructure secondaries fund guided by Simpson Thacher & Bartlett LLP after raising $5.5 billion, noting that it is the largest such fund in the world raised to date.

  • September 02, 2025

    Bankruptcy Judge Nixes Bedmar's Delaware Two-Step Ch. 11

    A Delaware bankruptcy judge has thrown out the Chapter 11 case of Bedmar LLC, a subsidiary of pharmaceutical manufacturing company National Resilience HoldCo Inc., finding that the case was filed for a "tactical advantage" and not in good faith.

  • September 02, 2025

    NYC Real Estate Week In Review

    Fried Frank and Krauss Legal are among the law firms that landed work on the largest New York City real estate deals to hit public records last week, a period that saw multiple large Brooklyn trades.

  • September 02, 2025

    Etude Capital Acquires 9-Property Storage Portfolio For $166M

    Austin, Texas-based self-storage owner Etude Capital said Tuesday that it has acquired a group of nine self-storage properties in Northern and Southern California and Las Vegas, Nevada, for a combined $166 million.

  • September 02, 2025

    Hines Picks Ex-Cantor Fitzgerald Atty For GC Position

    Global real estate firm Hines announced Tuesday that it's hired a former executive managing director and general counsel for financial company Cantor Fitzgerald as its new general counsel, chief compliance officer and managing partner in its New York City office.

  • September 02, 2025

    Real Estate Trio Join Winstead In NY, Nashville

    Texas firm Winstead PC announced Tuesday that three experienced real estate attorneys have joined its real estate practice as shareholders based in Nashville, Tennessee, and New York.

  • September 02, 2025

    Texas Mall Settles $7.3M Hailstorm Coverage Dispute

    A Texas shopping center owner told a federal court Tuesday that it has "amicably" settled its dispute with insurers for roughly $7.3 million in hail damage it incurred, roughly three months after it took them to court.

  • September 02, 2025

    CoStar Hotel Reports Lack Data For Price-Fixing, Judge Says

    CoStar and a group of hotel companies escaped from a putative antitrust class action when a Washington federal judge drew a distinction between the use of hotel industry benchmarking data and algorithmic rental pricing software of the sort at issue in litigation against Yardi Systems Inc.

  • September 02, 2025

    NJ Judge Tosses REIT Shareholders' Liquidation Suit

    A New Jersey federal judge has rejected a proposed class action filed by shareholders accusing several real estate investment trusts and other parties of misleading them in order to avoid liquidating the REITs, ruling the claims must be thrown out without prejudice.

  • August 29, 2025

    NJ Casinos Say 9th Circ. Ruling Backs Axing Price-Fixing Suit

    A group of Atlantic City casino-hotel owners have asked the Third Circuit to review a recent decision in the Ninth Circuit involving "nearly identical" antitrust claims related to the same software the defendants in both suits used to allegedly orchestrate inflated room rates across a given area.

  • August 29, 2025

    RICO, Fraud Claims Tossed In LA Real Estate Investment Suit

    A Georgia federal court has determined that fraud and racketeering claims from a group of Chinese and American investors in a real estate investment suit alleging a group of fraudsters duped them out of millions of dollars with bogus representations are barred by merger clauses and federal securities regulations.

  • August 29, 2025

    NY Town Officials Let Mosque Land-Use Deal Fizzle

    A Long Island town has backed out of a settlement with a mosque that had accused local officials of leaning on land-use laws to thwart its redevelopment plans, an about-face the town blamed on traffic concerns but the mosque has attributed to public backlash.

  • August 28, 2025

    Katrina's Insurance Lessons Ever Relevant 20 Years Later

    Hurricane Katrina's landfall in New Orleans 20 years ago was an unprecedented catastrophe that resulted in financial consequences and insurance lessons that are聽more relevant today聽than ever, as fossil fuel-induced climate change promises more intense storms, experts say.

  • August 28, 2025

    NJ Borough Sues American Dream Mall Over Sunday Sales

    A New Jersey borough sued a major East Rutherford mall owner, its main tenant and other parties in state court over the mall allegedly violating the state's ban on selling certain items on Sundays, urging the court to block the main tenant's retail operations and to declare the mall's premises and the sale of the banned products to be public nuisances.

  • August 28, 2025

    Truist, Ex-Execs Clash In Bids To End Poaching Dispute

    Charlotte, North Carolina-based Truist Financial Corp. and its mortgage banking arm resisted a bid for a pretrial win by its former executives' new employer, arguing that troves of evidence sustain its claims that over 50 employees were illegally poached, costing the bank tens of millions of dollars in losses.

  • August 28, 2025

    Real Estate Mogul Wants $51.2M Conn. Asset Freeze Reduced

    The chairman, secretary and chief financial officer of bankrupt construction management firm Gateway Development Group Inc. on Thursday asked a Connecticut judge to reconsider a $51.2 million asset freeze demanded by a Chapter 7 trustee and a minority shareholder, claiming "mathematical errors" warrant a $17 million reduction.

  • August 28, 2025

    Cannabis Biz Says Long Island Town Illicitly Blocked Opening

    A cannabis company alleged in a new state court lawsuit that the Long Island town of Southampton improperly invoked a local zoning law to prevent the opening of a marijuana store that had secured state approval for retail and deliveries.

  • August 28, 2025

    Stearns Weaver Renews 96K-Square-Foot Miami Office Lease

    Stearns Weaver Miller Weissler Alhadeff & Sitterson PA has signed a lease renewal deal for 96,762 square feet of office space in a Class A office tower in downtown Miami, real estate company Colliers announced Thursday.

  • August 28, 2025

    Court Rejects Tulsa Soccer Club's Suit Over Denied Venue

    Soccer club Tulsa Athletics' attempt to force the National Premier Soccer League to approve its chosen home stadium in Tulsa was thrown out Thursday, after an Oklahoma federal judge found that the league had no contractual duty to accept the venue.

Expert Analysis

  • Assessing Algorithmic Versus Generative AI Pricing Tools

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    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.

  • Navigating A Potpourri Of Possible Transparency Act Pitfalls

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    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.

  • Keys To Successful Commercial Property Insurance Claims

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    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.

  • Tips For Handling Single Asset Real Estate Bankruptcy Cases

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    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.

  • Increased Scrutiny Raises Int'l Real Estate Transaction Risks

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    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 Fern谩ndez Caballero at Foley Hoag.

  • Portland's Gross Receipts Tax Oversteps City's Authority

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    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.

  • Proposed Law Would Harm NYC Hospitality Industry

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    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.

  • Class Actions At The Circuit Courts: August Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy considers certification cases touching on classwide evidence of injury from debt collection practices, defining coupon settlements under the Class Action Fairness Act, proper approaches for evaluating attorney fee awards in class action settlements, and more.

  • Brownfield Questions Surround IRS Tax Credit Bonus

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    Though the IRS has published guidance regarding the Inflation Reduction Act's 10% adder for tax credits generated by renewable energy projects constructed on brownfield sites, considerable guesswork remains as potential implications seem contrary to IRS intentions, say Megan Caldwell and Jon Micah Goeller at Husch Blackwell.

  • DOJ Paths To Limit FARA Fallout From Wynn's DC Circ. Win

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    After the D.C. Circuit鈥檚 recent Attorney General v. Wynn ruling, holding that the government cannot compel retroactive registration under the Foreign Agents Registration Act, the U.S. Department of Justice has a few options to limit the decision鈥檚 impact on enforcement, say attorneys at MoFo.

  • Shipping Containers As Building Elements Require Diligence

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    With the shipping container market projected to double between 2020 and 2028, repurposing containers as storage units, office spaces and housing may become more common, but developers must make sure they comply with requirements that can vary by intended use and location, says Steven Otto at Crosbie Gliner.

  • NY Tax Talk: Triggers For Tax On Software-As-A-Service

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    Recent decisions by New York鈥檚 Tax Appeals Tribunal and Division of Tax Appeals, finding that services bundled with prewritten software were tangible property, provide insight into the features and customer interactions that render such products subject to New York sales tax, say Elizabeth Cha and Madison Ball at Eversheds Sutherland.

  • NY Ruling Offers A Foreclosure Road Map For Lenders

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    A New York appellate court recently upheld a summary judgment ruling in favor of a commercial lender's foreclosure in U.S. Bank v. 1226 Evergreen Bapaz, illustrating the proofs lenders will need to prosecute a foreclosure action, especially where the plaintiff is an assignee of the originating lender, say attorneys at Sherman Atlas.