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Commercial

  • September 24, 2025

    Davis Polk Guides $1B Manhattan Buy Across The Finish Line

    New York City recently saw its first single-asset commercial real estate deal above the $1 billion mark in 2025, and a Davis Polk & Wardwell LLP lawyer who worked on the matter told Law360 that the trade is a sign of strength in the Manhattan office market.

  • September 24, 2025

    Final JC Penney Ch. 11 Distributions On Horizon, Atty Says

    Lawyers winding down the bankruptcy estate of department store J.C. Penney told a Texas bankruptcy judge on Wednesday they expect to be able to make final creditor payments shortly, nearly five years after the Chapter 11 plan took effect.

  • September 24, 2025

    Rick Perry's Data Center REIT Launches Plans For $550M IPO

    Fermi America, a venture by former U.S. Energy Secretary Rick Perry to build a 5,000-acre Amarillo, Texas, energy and data center, sought a $13.1 billion valuation Wednesday in an initial public offering guided by Haynes Boone and Vinson & Elkins LLP.

  • September 24, 2025

    Marsh US Real Estate Leader On Insurance Landscape

    Commercial real estate companies, squeezed by higher interest rates in recent years, have also seen a dramatic increase in insurance premiums. Duncan C. Ellis, who leads Marsh's U.S. and Canada real estate and hospitality practice, spoke to Law360 Real Estate Authority about what's behind the trends in commercial real estate insurance.

  • September 24, 2025

    Ohio House Bill Seeks Approval Rule For Some Property Tax

    Ohio would require some political subdivisions to obtain approval from their member governing bodies before imposing property tax above a statutory limit under a bill introduced in the state House of Representatives.

  • September 24, 2025

    11th Circ. Asked To Combine Easement Deduction Appeals

    The Eleventh Circuit should consolidate two cases appealing U.S. Tax Court rulings that cut $47 million in deductions for conservation easement donations, a partnership argued, saying the government's opposition to combining them overlooks the opportunity to save resources.

  • September 23, 2025

    Task Force Advances $3.5B NYC Marine Terminal Plans

    A key task force has advanced the New York City Economic Development Corp.'s $3.5 billion plan to revitalize a 122-acre section of the Brooklyn waterfront, which would modernize and expand the Brooklyn Marine Terminal.

  • September 23, 2025

    Wilmington Trust Seeks Receiver After $19M Loan Default

    A single-asset real estate firm that owns an office building in the Denver Technological Center, or DTC, filed for Chapter 11 and faces a request for a receiver over the building it owns after it defaulted on a $19 million loan last year, according to court filings.

  • September 23, 2025

    Conn. Atty Denies Blame For Title Co.'s $920K Refinancing Loss

    A Connecticut lawyer sought to fend off arguments in state court by Fidelity National Title Insurance Co. that his alleged mistakes on a $2.5 million refinancing led to a $920,000 loss for the insurer, claiming he and the company owed distinct duties to a policy-holder.

  • September 23, 2025

    Pelorus Kicks Off $1B Fund To Bolster Cannabis Businesses

    Pelorus Capital Group has launched a $1 billion fund for investing in marijuana operating businesses to coincide with its existing cannabis real estate strategy, in a bet on the industry's capital needs, the company said Sept. 23.

  • September 23, 2025

    Star Chef Didn't Violate 'Vague' Pact With Boston, Judge Says

    A Massachusetts state court has ruled that a "vague" agreement between celebrity chef Barbara Lynch and the city of Boston to escrow proceeds from the sale of her flagship No. 9 Park restaurant while the city seeks to collect her unpaid taxes doesn't prevent Lynch from using the funds to pay other creditors.

  • September 23, 2025

    Windels Marx Leads $27.5M Houston Multifamily Financing Deal

    Private markets investment firm Siguler Guff & Co. LP originated a $27.5 million mezzanine loan that is part of $86 million worth of refinancing for a 404-unit Houston luxury multifamily property in a mezzanine loan deal guided by Windels Marx.

  • September 23, 2025

    Savannah-Area Industrial Portfolio Scores $102M Refi

    Washington D.C.-based alternative asset manager EJF Capital and Connecticut real estate firm North Signal Capital said Tuesday that they've closed on a $102 million refinancing for an industrial portfolio near Savannah, Georgia.

  • September 22, 2025

    EB-5 Industry Leaders Ponder Path To Long-Term Future

    While the 35-year-old EB-5 investment visa program has been enjoying arguably its strongest period, following recent reforms, the program's fate came up frequently during the Advanced EB-5 Industry Conference last week in Miami — and that was before President Donald Trump signed an order to roll out his own "gold card" investment visa program late Friday.

  • September 22, 2025

    Catching Up With Delaware's Chancery Court

    Last week, Match.com secured approval for a $30M settlement over its 2019 reverse spinoff from IAC, and Vice Chancellor Morgan T. Zurn urged decorum among Delaware lawyers, comparing recent legal turmoil to dark times in British monarchy history. Here's the latest from the Chancery Court.

  • September 22, 2025

    Developer Gets 8 Years For Fraud That Sunk Belize Project

    A Manhattan federal judge sentenced a California real estate developer with a previous fraud conviction Monday to eight years in prison, after a jury convicted him of defrauding investors who backed a big luxury development he controlled called Sanctuary Belize.

  • September 22, 2025

    2 More NYC Casino Proposals Fold

    The last remaining proposal for a casino in Manhattan has failed to obtain a full gaming license in New York City, and, ahead of a vote, local elected officials have also ruled out a Coney Island casino plan.

  • September 22, 2025

    Atlanta-Area Hotel Sued On Claims It Ignored Sex Trafficking

    A woman has sued a property management company and the owner-operator of a Super 8 in College Park, Georgia, where she said employees were aware of but did nothing to prevent her from being sex trafficked as a minor.

  • September 22, 2025

    Fried Frank Pilots $1.4B CMBS Refi For NYC Office Tower

    Manhattan office giant SL Green Realty Corp. and asset management firm PGIM said Monday that they have clinched a $1.4 billion commercial mortgage-backed securities refinancing for 11 Madison Ave. in Manhattan, with counsel from Fried Frank Harris Shriver & Jacobson LLP.

  • September 22, 2025

    Self-Storage REIT Prices $144M Bond Offering

    SmartStop Self Storage REIT announced Monday that it has priced a CA$200 million ($144 million) bond offering, noting funds will be used to pay down debt and to fund acquisitions.

  • September 22, 2025

    Rosenberg & Estis Adds Attys To Commercial Litigation Team

    Rosenberg & Estis PC has hired a former Ford O'Brien Landy LLP partner as a member and an ex-Milbank LLP associate as counsel for its general commercial litigation team in New York City, the firm announced.

  • September 22, 2025

    PE-Backed Flood Insurance Provider Neptune Eyes $350M IPO

    Florida-based residential and commercial flood insurer Neptune Insurance said Monday that it is seeking a valuation of $2.76 billion in an initial public offering next week advised by Orrick Herrington & Sutcliffe LLP and Davis Polk & Wardwell LLP.

  • September 22, 2025

    Feds Oppose Calif. Tribes' Bid To Halt Casino Dispute

    The U.S. government has asked a District of Columbia federal court judge to reject a stay motion filed by three California Native American tribes that are challenging the approval of another tribe's casino-resort project, arguing that the trio has failed to justify pausing the suit before the court rules on the government's request for a Golden State federal court transfer.

  • September 22, 2025

    NYC Real Estate Week In Review

    Richter Restrepo and Adler & Stachenfeld landed work on two of the largest New York City real estate deals that hit public records last week, a period that saw multiple large apartment building trades.

  • September 22, 2025

    Judge Rules Revolution Wind Can Restart Wind Farm Work

    A D.C. federal judge gave Revolution Wind the green light to restart work on its billion-dollar wind farm off the Rhode Island coast Monday, halting a stop work order issued by the Trump administration last month, two years after the project got federal approval from the Biden administration.

Expert Analysis

  • 4 Takeaways From Biden's Crypto Mining Divestment Order

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    A May 13 executive order prohibiting the acquisition of real estate by a foreign investor on national security grounds — an enforcement first — shows the importance of understanding how the Committee on Foreign Investment in the United States might profile cross-border transactions, even those that are non-notified, say attorneys at Kirkland.

  • Insurer Quota-Sharing Lessons From $112M Bad Faith Verdict

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    In Indiana GRQ v. American Guarantee and Liability Insurance, an Indiana federal jury recently issued a landmark $112 million bad faith verdict, illustrating why insurers must understand the interplay between bad faith law and quota-sharing before entering into these relatively new arrangements, say Jason Reichlyn and Christopher Sakauye at Dykema. 

  • A Look At New IRS Rules For Domestically Controlled REITs

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    The Internal Revenue Services' finalized Treasury Regulations addressing whether real estate investment trusts qualify as domestically controlled adopt the basic structure of previous proposals, but certain new and modified rules may mitigate the regulations' impact, say attorneys at Simpson Thacher.

  • How New Rule Would Change CFIUS Enforcement Powers

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    Before the May 15 comment deadline, companies may want to weigh in on proposed regulatory changes to enforcement and mitigation tools at the disposal of the Committee on Foreign Investment in the United States, including broadened subpoena powers, difficult new mitigation timelines and higher maximum penalties, say attorneys at Venable.

  • 2nd Circ. Eminent Domain Ruling Empowers Municipalities

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    The Second Circuit's recent decision in Brinkmann v. Town of Southold, finding that a pretextual taking does not violate the Fifth Amendment's takings clause, gives municipalities a powerful tool with which to block unwanted development projects, even in bad faith, say James O'Connor and Benjamin Sugarman at Phillips Lytle.

  • SEC Should Be Allowed To Equip Investors With Climate Info

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    The U.S. Securities and Exchange Commission's new rule to require more climate-related disclosures will provide investors with much-needed clarity, despite opponents' attempts to challenge the rule with misused legal arguments, say Sarah Goetz at Democracy Forward and Cynthia Hanawalt at Columbia University’s Sabin Center for Climate Change.

  • How Cos. Can Comply With New PFAS Superfund Rule

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    The U.S. Environmental Protection Agency's new rule designating two per- and polyfluoroalkyl substances as "hazardous substances" under the Superfund law will likely trigger additional enforcement and litigation at sites across the country — so companies should evaluate any associated reporting obligations and liability risks, say attorneys at Alston & Bird.

  • How EB-5 Regional Centers Can Prepare For USCIS Audits

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    In response to the recently announced U.S. Citizenship and Immigration Services guidelines that require EB-5 regional center audits every five years to verify their compliance with immigration and securities laws, regional centers should take steps to facilitate a seamless audit process, say Jennifer Hermansky and Miriam Thompson at Greenberg Traurig.

  • Understanding The IRC's Excessive Refund Claim Penalty

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    Taxpayers considering protective refund claims pending resolution of major questions in tax cases like Moore v. U.S., which is pending before the U.S. Supreme Court, should understand how doing so may also leave them vulnerable to an excessive refund claim penalty under Internal Revenue Code Section 6676, say attorneys at McDermott.

  • Bankruptcy Ruling Shifts Lease Rejection Claim Calculation

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    A New York federal court’s recent ruling in In re: Cortlandt provides guidance on how to calculate a landlord's damages claim when a bankruptcy debtor rejects a lease, changing from an approach that considers the remaining rent due under the lease to one that considers the remaining time, say Bethany Simmons and Noah Weingarten at Loeb & Loeb.

  • What Calif. Eviction Ruling Means For Defaulting Borrowers

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    A California appellate court's recent decision in Homeward Opportunities v. Taptelis found that a defaulting borrower could not delay foreclosure with an improperly served notice of pendency of action, but leaves open a possibility for borrowers to delay eviction proceedings merely by filing lawsuits, say Anne Beehler and Krystal Anderson at Holland & Knight.

  • How 3D Printing And Prefab Are Changing Construction

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    The growing popularity of trends like 3D printing technology and prefabrication in the construction industry have positive ramifications ranging from reducing risks at project sites to streamlining construction schedules, say Josephine Bahn and Jeffery Mullen at Cozen O'Connor.

  • A Deep Dive Into High Court's Permit Fee Ruling

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    David Robinson and Daniel Golub at Holland & Knight explore the U.S. Supreme Court's recent ruling that a local traffic impact fee charged to a California property owner may be a Fifth Amendment taking — and where it leaves localities and real estate developers.