Commercial
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September 17, 2025
5 Firms Ink $520M Financing For Tampa Hotel, Resi Project
Five firms guided a $290 million commercial-property assessed clean energy financing and a $230 million senior loan for Two Roads Development's construction of a mixed-use hotel and residential project underway in Tampa, Florida.
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September 17, 2025
Eli Lilly Plans $5B Va. Factory, With More US Plants To Follow
Eli Lilly and Co. announced this week it is planning a $5 billion manufacturing facility near Richmond, Virginia — the first in a series of multibillion-dollar manufacturing plants the drugmaker expects to build in the U.S. over the next five years.
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September 17, 2025
San Francisco Comes Up For Air
A few years ago, many in the real estate world said San Francisco was doomed, but thanks to the artificial intelligence boom and the city's shift toward more business-friendly politics, investors are betting on the Bay Area hub yet again.
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September 17, 2025
South Florida Cities Nearing Full Return-To-Office Recovery
South Florida's West Palm Beach and Miami appear to be running ahead of the pack in the "return to office" race to recover to pre-COVID levels, even outpacing a resurgent Manhattan market, according to recently released data.
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September 17, 2025
Polsinelli Hires Thompson Coburn Real Estate Atty In Chicago
A real estate transactional attorney who spent the majority of his legal career, including as a summer associate, at Thompson Coburn LLP has moved to Polsinelli PC's Chicago office, the firm has announced.
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September 17, 2025
These Banks Hold The Most Construction Debt On The Books
Eleven U.S. banks had more than $5 billion in construction debt on their books at the end of the year's first half, and one institution among the group is much more heavily weighted toward construction debt than the other 10.
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September 17, 2025
Yale Health System Settles $435M Hospital Sale Suit
Yale New Haven Health Services Corp., Connecticut's largest hospital system, has reached a settlement in principle with bankrupt Prospect Medical Holdings Inc. that would resolve a $435 million contract dispute over the sale of several hospitals in the state.
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September 17, 2025
Skadden, Latham Guide $1.6B Paramount Real Estate Deal
Real estate investment trust Paramount Group will be sold to asset manager Rithm Capital Corp. for about $1.6 billion, with Skadden Arps Slate Meagher & Flom LLP advising Rithm and Latham & Watkins LLP representing Paramount, the companies said Sept. 17.Â
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September 16, 2025
4th Circ. Revives RICO Claims On Amazon Project Kickbacks
The Fourth Circuit in a published decision Tuesday revived racketeering and other claims from Amazon.com Inc. after two former employees, a real estate developer and an attorney operated a kickback scheme as the company spent hundreds of millions of dollars on a set of data center projects in northern Virginia.
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September 16, 2025
'Incurably Premature': Suit Over Alleged EB-5 Rule Tossed
A Seattle federal judge on Monday tossed an immigrant investor's lawsuit challenging an allegedly arbitrary action that resulted in U.S. Citizenship and Immigration Services revoking her visa petition, saying she could not sue since she did not first exhaust administrative remedies.
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September 16, 2025
Casino Giant Urges Fla. Court To Toss Bahamas Fraud Suit
U.S.-based casino operator Genting Americas Inc. has urged a Florida federal court to dismiss a lawsuit alleging that it used a resort in the Bahamas to obscure fraudulent activities, saying the suing real estate company failed to deliver a proper amended derivative complaint ordered by a judge.Â
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September 16, 2025
Office, Multifamily Deals Thrive In Calif. Bay Area AI Boom
Office buildings and apartments were the hottest properties to trade hands in the San Francisco Bay Area during the first half of 2025, amid the region's office market rebound as an influx of artificial intelligence companies pop up and claim workspace, according to a CBRE report.
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September 16, 2025
Mass. Tax Board Cuts Value Of Biz's Condos Based On Sales
The assessed values of two condominium units in Massachusetts were reduced by the state Appellate Tax Board in a decision released Tuesday, after the board found that both were overvalued when compared with similar properties.
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September 16, 2025
ABB Ups US Spend By $110M, Citing Data Center Demand
Swiss electric engineering company ABB said Tuesday that it is planning to create nearly 200 jobs by investing $110 million at facilities in Mississippi, Virginia, Puerto Rico and North Carolina.
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September 16, 2025
Macquarie Lines Up $350M For Solar, Battery Storage Projects
Macquarie Asset Management arranged $350 million worth of financing to fund Nexamp Inc.'s "utility-scale solar and battery storage projects," the asset management company announced Tuesday.
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September 16, 2025
Ashford Hospitality Trust Nabs $218M Refi For Nashville Hotel
Ashford Hospitality Trust announced Sept. 15 that the hospitality real estate investment trust secured a $218.1 million refinancing as well as a $53 million preferred equity investment for a 673-room hotel in Nashville, Tennessee.
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September 15, 2025
No New Deals In $100M Commercial Bribery Case, NY DA Says
Prosecutors told a New York state judge Monday that there would be no plea deals for the men accused of orchestrating a $100 million corporate bribery and kickback scheme and that they were headed for trial in January, prompting defense attorneys to cry foul.
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September 15, 2025
Ch. 11 Debtors Sue CVS Over Owed Rent, Ownership Dispute
A group of debtors has claimed that CVS Caremark Corp. and its entities are withholding more than $7 million in rent because a "serial litigant" wrongfully alleged that he owns both the properties that CVS rented and the original property-owner companies.
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September 15, 2025
CIM Provides $73.5M To Hotels In New Orleans And Pa.
Real estate and infrastructure owner CIM Group said Monday that its real estate debt arm provided a total of $73.5 million to acquire and renovate a hotel in New Orleans and to refinance a Pennsylvania hotel.
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September 15, 2025
Barings, Aareal Partner On $303M University Hotel Refi
Real estate investment manager Barings said Monday that it worked with Aareal Capital Corp. to provide $303 million in refinancing to an affiliate of investor AJ Capital Partners on a package of seven hotels in university-anchored markets.
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September 15, 2025
Ford Battery Factory Challenge Reignited By Mich. Justices
The Michigan Supreme Court has revived a challenge to Ford Motor Co.'s plans to build an electric vehicle battery plant in Calhoun County, vacating a lower appellate ruling that affirmed the case's dismissal in light of another state top court opinion over similar zoning authority issues.
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September 15, 2025
NYC Real Estate Week In Review
Greenberg Traurig and Goldberg Weprin are among the law firms that picked up work on the largest New York City real estate deals that hit public records last week, with all five of the week's top deals happening in Manhattan.
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September 15, 2025
Ex-NFL Player Nabs Default Against Firms Tied To Adviser
Retired NFL defensive lineman Mike Rucker and his wife won default judgment against several companies tied to their former financial adviser who is accused of mismanaging their money, after a state Business Court judge said the entities failed to respond to the Ruckers' suit alleging they enabled the adviser's fraud.
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September 15, 2025
Ohio Says Browns' Stadium Suit Is Moot After Law Change
The state of Ohio told a federal court a Cleveland Browns lawsuit accusing the city of thwarting its move to a suburb is now moot because the state has altered the law at the center of the debate and allocated $600 million from the state budget for its relocation.
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September 15, 2025
NJ Multifamily Building Nabs $220M Bridge Loan
Developer Namdar Group borrowed a $220 million bridge loan from real estate lender TYKO Capital to refinance Namdar's 576-unit, 27-story mixed-use Jersey City, New Jersey, multifamily property, commercial real estate finance services company Walker & Dunlop Inc. announced Monday.
Expert Analysis
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Reconciling 2 Smoke Coverage Cases From California
As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.
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Contractor Remedies Amid Overhaul Of Federal Spending
Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.
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Contract Disputes Recap: Terminations Galore
Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.
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Making The Opportunity Zones Program Great At Last
As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.
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Investor Essentials For Buying Federally Owned Property
Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.
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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.