Commercial
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September 10, 2025
K&L Gates Guides $1B Special Situations Fund
Guided by K&L Gates LLP, Cottonwood Group raised $1 billion for its opportunistic real estate fund, doubling the private equity real estate investment firm's original $500 million target, according to the law firm's Tuesday statement.
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September 09, 2025
Ariz. Developer, Son Get Prison For $280M Sports Park Fraud
An Arizona developer and his son were both sentenced to prison Tuesday for deceiving investors into sinking $280 million into a Phoenix-area sports park by forging documents and inflating revenue projections for the facility, which entered bankruptcy soon after it opened.
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September 09, 2025
Private Fund Adviser To Pay $9.7M To End SEC Suit
The U.S. Securities and Exchange Commission announced on Tuesday that a real estate-focused Colorado private fund adviser and his two management firms would pay $9.7 million to settle claims of defrauding investors with misrepresentations, which include concealing conflicts of interests in proposed buyout transaction requests he sent to investors.
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September 09, 2025
Ski Mountain Owner Points To Google Remedies Decision
A New York ski mountain owner is citing the recent remedies decision in the Google search antitrust case as it looks to avoid selling one of its properties after the court found it violated state law by purchasing and closing a neighboring mountain ski park.
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September 09, 2025
Emmet Marvin Guides $127M Loan For Brooklyn Tower Project
The Domain Cos. borrowed two loans worth more than $127 million combined from U.S. Bank for the developer's Brooklyn mixed-use, multifamily tower project, in deals guided by Emmet Marvin & Martin LLP, according to official property records filed Tuesday.
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September 09, 2025
Voters To Decide On Proposals To Shift NYC Land Use Power
The New York City Board of Elections on Tuesday voted to allow a number of housing-related questions to be on the ballot in November, over objections by the New York City Council.
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September 09, 2025
Real Estate Lawyers On The Move
Shartsis Friese, Bryan Cave and Addleshaw Goddard are among the law firms that have made recent real estate or construction hires.
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September 09, 2025
NY Appeals Tribunal Finds Property Transfers Triggered Tax
A New York administrative law judge mischaracterized a transaction from when a property was transferred between related entities, the New York City Tax Appeals Tribunal ruled, finding the transfers were taxable.
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September 09, 2025
Expedia Wants $2.75M Sanction For 'Lies' In Cuba Land Suit
A family descended from Cuban landowners and its counsel in a suit over property seized by the Cuban government should face seven-figure sanctions for knowingly bringing bogus Helms-Burton Act claims against travel company Expedia, the company has told a Delaware federal judge following its win in a jury trial.
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September 09, 2025
Execs Hit With 'Drastic' Sanctions In RE Platform Dispute
A New York state court has sanctioned two directors of Fang Holdings Ltd. and their affiliates for "flagrant and blatant disregard" of discovery orders amid a shareholder derivative suit accusing them of manipulating the Chinese real estate portal to enrich themselves.
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September 09, 2025
Sotheby's Executive Returns To Gunster In Florida
A former vice president and brokerage manager for Sotheby's International Realty has rejoined her former law firm Gunster in Florida to continue her practice representing high-net-worth individuals, developers and investors in residential and commercial real estate transactions.
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September 09, 2025
Bally's, Investar Execs Fill Resorts World Las Vegas Legal Posts
Resorts World Las Vegas LLC has bolstered its legal team by adding the Bally's Corp. general counsel for North America as its chief legal officer and a new general counsel from Investar Bank NA.
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September 09, 2025
Net Lease REIT Pays $70M For Inpatient Rehab Properties
Sila Realty Trust Inc. purchased two "newly built and highly utilized" inpatient rehabilitation properties separately located in Peoria, Arizona, and Plano, Texas, for $70.3 million, the net lease real estate investment trust announced Monday.
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September 09, 2025
Ex-Camping Biz, Hyatt Atty Joins Concord Hospitality As GC
Concord Hospitality Enterprises has found its new general counsel in an in-house leader who previously worked at Camping World Holdings Inc. and Hyatt Hotels Corp.
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September 09, 2025
NY Pot Regulator Says Lawmakers Must Fix Proximity Issue
The head of New York's cannabis regulatory agency said Tuesday that only the state Legislature could cure a recent destabilizing shift in regulatory interpretation that threatens to upend more than a hundred marijuana businesses.
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September 09, 2025
Investment Firm Buys 53-Asset Net Lease Portfolio For $640M
New Mountain Capital LLC paid $640 million to acquire a portfolio of 53 net lease assets located across 16 U.S. states, as well as the U.K., Canada and Germany, the alternative investment firm announced Tuesday.
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September 09, 2025
Bowling And Eatery Chain Pinstripes Hits Ch. 11 Seeking Sale
Illinois-based bowling and restaurant chain Pinstripes has filed for Chapter 11 protection in Delaware bankruptcy court with more than $143 million in debt and plans to seek a going concern sale.
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September 08, 2025
Texas Data Center Campus Developer Files For IPO
Former U.S. energy secretary Rick Perry's Fermi America filed for an initial public offering Monday, guided by Haynes and Boone LLP and Vinson & Elkins LLP.
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September 08, 2025
Universities Put To The Test In 6 Higher Ed Property Conflicts
New York University's challenge to a recent rezoning, Chapter 11 proceedings for a student housing owner serving the University of California, and an Illinois university's refusal to hand over property to a local municipality are among the cases vexing higher education parties and their partners.
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September 08, 2025
Walker & Dunlop Lines Up $68M Skilled Nursing Loans Deal
Walker & Dunlop Inc. arranged more than $68 million worth of refinancing loans, which are insured by the U.S. Department of Housing and Urban Development, for seven skilled nursing properties in Illinois and Wisconsin, the commercial real estate financing company announced Monday.
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September 08, 2025
No Mulligans: Budget Woes Close More University Links
The University of Minnesota is the latest higher education institution to announce a golf course sale or closure as colleges and universities increasingly look to realize proceeds from underused assets amid mounting financial pressures and dwindling enrollments.
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September 08, 2025
Cos. Land $159M Financing For NYC Medical Office Project
Slate Property Group and Evenhar Development Corp. obtained $159 million worth of financing for their 13-story New York City medical office and community center project in Manhattan's Carnegie Hill and East Harlem neighborhoods, the companies announced Monday.
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September 08, 2025
2 Firms Steer $540M IPO For Oilfield Water Infrastructure Co.
Houston, Texas-based oilfield water management company WaterBridge Infrastructure said Monday that it is seeking to raise up to $540 million in an initial public offering guided by Latham & Watkins LLP and Gibson Dunn & Crutcher LLP.
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September 08, 2025
NYC Real Estate Week In Review
Frenkel Hershkowitz, Belkin Burden and Miller Leiby are among the law firms that helped with the largest New York City real estate deals that became public last week, with a $105 million Manhattan matter topping the list.
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September 08, 2025
New Orleans' Short-Term Rental Crackdown Largely Upheld
A Louisiana federal judge mostly sided with New Orleans in a lawsuit filed by Airbnb Inc. and multiple property owners challenging the city's 2023 and 2024 short-term rental restrictions, tossing most of the plaintiffs' 11-count suit.
Expert Analysis
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Impact Of Corporate Transparency Act Ambiguity On Banks
Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.
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Green Projects Face States' Foreign Land Ownership Limits
As states impose restrictions and disclosure requirements around foreign investment in agricultural land — in some cases piggybacking on existing federal rules — renewable energy developers and investors must pay close attention to how the rules vary, says Daniel Fanning at Husch Blackwell.
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How Landlords Can Navigate Cannabis-Related Leases
As the cannabis industry continues to rapidly grow, landlords should consider a variety of lease terms and operational details that may help mitigate uncertainty involving federal laws, zoning restrictions and tax implications, says Kyla Baker at Holland & Knight.
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Lights, Camera, Real Estate: Preparing For Film Facility M&A
As the entertainment industry struggles to recover from multiple strikes and a decline in production, certain aspects of selling or acquiring production facilities may become important to consider, as these assets are valued very differently from typical commercial real estate properties, say attorneys at Olshan Frome.
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Corporate Liability Issues To Watch In High Court TM Case
The U.S. Supreme Court will hear arguments in a trademark dispute between Dewberry Group and Dewberry Engineers next week, presenting an opportunity for the court to drastically alter the fundamental approach to piercing the corporate veil, or adopt a more limited approach and preserve existing norms, say attorneys at Bracewell.
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Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream
As shown by ongoing legal battles involving New York City Mayor Eric Adams and Sean “Diddy” Combs, it’s challenging for defendants to obtain relief when they believe the government leaked sensitive information to the media, but defense counsel can take certain steps to mitigate the harm, says Kenneth Notter at MoloLamken.
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A Legal Perspective On NYC's Retail Real Estate Evolution
As New York City's retail market begins to show signs of resilience after the challenges of recent years, landlords must be cognizant of legal implications from shifting trends toward shorter-term leases and pop-up stores, says Andrea Gendel at Pryor Cashman.
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What Interest Rate Cuts Mean For Housing Markets
The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.
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How CFIUS' Updated Framework Affects Global Investors
The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.
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Foreclosing Lenders Still Floating In Murky Legal Waters In NY
The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.
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NYC Hotel Licensing Law's Costs May Outweigh Its Benefits
A hotel licensing bill recently approved by New York's City Council could lead to the loss of many nonunionized hotels that cannot afford to comply, says Stuart Saft at Holland & Knight.
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Calif. Ruling Offers Hope For Mitigated Negative Declarations
In Upland Community First v. City of Upland, a California appeals court upheld a warehouse development's mitigated negative declaration over its greenhouse gas emissions thresholds — a rare victory against this type of challenge providing reassurance that such declarations can be upheld, say attorneys at Sheppard Mullin.
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There's No Crying In Property Valuation Baseball Arbitration
The World Series is the perfect time to consider how the form of arbitration used for settling MLB salary disputes — in which each side offers competing valuations to an arbitrator, who must select one — is often ideal for resolving property valuation disputes, say Sean O’Donnell at Herrick Feinstein and Mark Dunec at FTI Consulting.