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Commercial

  • June 30, 2025

    Bankrupt NJ Office Building Has $21.5M Stalking Horse Bidder

    Bankrupt New Jersey office building owner Viewstar LLC, owned by New York developer Moshe Gold, informed an Empire State bankruptcy court that it has received a stalking horse bid of $21.5 million from K&K Developers Inc.

  • June 30, 2025

    Cox Castle Guides Barings On Atlanta, Houston Industrial Refi

    Cox Castle & Nicholson LLP advised investment manager Barings in providing a combined $136.5 million in refinancing for a pair of industrial properties owned by Centris Industrial.

  • June 30, 2025

    JLL Wraps Up $252M Industrial Portfolio Financing Deal

    JLL Capital Markets lined up a five-year, floating rate $252.5 million financing loan for a "light industrial, mission critical" portfolio that has 21 properties that take up 3.64 million square feet in total, JLL announced Monday.

  • June 30, 2025

    Hyatt Selling Playa Real Estate Portfolio For $2B

    Hyatt Hotels Corp. said Monday it has agreed to sell the real estate portfolio owned by Playa for $2 billion to Tortuga Resorts — a joint venture between an affiliate of private equity firm KSL Capital Partners and resort and hospitality company Rodina.

  • June 30, 2025

    McCarter & English Says Developer Estate Suit Is A Duplicate

    McCarter & English LLP and the estate of a deceased attorney should not have to face a new lawsuit over the alleged mismanagement of a Connecticut retail developer's trust because it seeks to "derail" a pending case that is already teed up for trial, the defendants told a state court.

  • June 30, 2025

    Florida To Eliminate Business Rent Tax

    Florida will eliminate its business rent tax under budget-related legislation signed Monday by Republican Gov. Ron DeSantis.

  • June 30, 2025

    Judge Might Toss Calif. Hotel Ch. 11 After $55M Sale Implodes

    A Delaware bankruptcy judge told a California hotel owner and operator Monday he was prepared to dismiss or convert its Chapter 11 case after learning that a proposed $55 million sale to a third party fell apart over the weekend.

  • June 30, 2025

    Lender Files To Foreclose On $99M, Class A NYC Office Loan

    A Class A midtown Manhattan tower in default on a $99 million mortgage is facing a foreclosure lawsuit in New York state court.

  • June 30, 2025

    RI Allows Local Tax Amnesty Programs For Every 3 Years

    Rhode Island authorized municipalities to establish local tax amnesty programs every three years to give people and businesses a chance to resolve outstanding property tax liabilities without accruing interest under legislation signed by the governor.

  • June 30, 2025

    Seyfarth Lands 22 Transactional Attys From Morris Manning

    Seyfarth Shaw LLP announced Monday that it has added a 22-lawyer transactional team from Morris Manning & Martin LLP, including 11 partners in the real estate, corporate and employee benefits groups, while the latter firm indicated it's in talks to expand its ranks.

  • June 30, 2025

    Justices Won't Review Taxing Of Power Plant On Tribal Land

    The U.S. Supreme Court declined on Monday to hear a power company's claims that federal law protects a power plant it owns on tribal land in Arizona from property taxes.

  • June 27, 2025

    2 Firms Guide $512M Miami Mixed-Use Property Buy

    Real estate investment trust Simon Property Group Inc. reportedly paid $512 million to acquire developer Swire Properties Inc.'s Brickell City Centre, a 5 million-square-foot, mixed-use Miami property with dining, retail and office areas, in a deal guided by Bilzin Sumberg Baena Price & Axelrod LLP and Greenberg Traurig LLP.

  • June 27, 2025

    Groups Sue To Protect Everglades From 'Alligator Alcatraz'

    Environmental groups sued Homeland Security Secretary Kristi Noem and Florida officials Friday in Miami federal court in a bid to halt the construction of a migrant detention center known as "Alligator Alcatraz" in the Everglades, alleging it wasn't properly vetted for how it will impact the protected wetlands.

  • June 27, 2025

    RE Developer Cops Plea, Settles SEC's $3M Fraud Suit

    A New Hampshire-based real estate developer has agreed to plead guilty and settle parallel U.S. Securities and Exchange Commission claims that she defrauded investors out of more than $3 million through a series of real estate investment projects between 2018 and 2024.

  • June 27, 2025

    Nelson Mullins Looks To Beat The Opportunity Zone Curve

    As Congress debates President Donald Trump's budget bill, which would extend the opportunity zone program started in his Tax Cuts and Jobs Act of 2017, Nelson Mullins has ramped up the firm's practice in anticipation of a steady flow of investment work there, one of the group's leaders told Law360 Real Estate Authority.

  • June 27, 2025

    4 Firms Guide Blackstone's $2B CRE Loans Deal

    Blackstone and Atlantic Union Bank's holding company have closed Blackstone's acquisition of $2 billion worth of performing commercial real estate loans from the holding company in a deal guided by Hunton Andrews Kurth LLP, Gibson Dunn & Crutcher LLP, Ropes & Gray LLP and Benesch Friedlander Coplan & Aronoff LLP, the companies jointly announced.

  • June 27, 2025

    Tariffs Disrupt Steadying Real Estate Industry Outlook

    Commercial real estate leaders' outlook appeared to moderate following years of extremes, according to the results of a DLA Piper survey, though their outlook soured slightly in a follow-up survey conducted after the Trump administration announced reciprocal tariffs in April.

  • June 26, 2025

    Ga. Appeals Court Reverses Sanctions In Sinkhole Fight

    The Georgia Court of Appeals has reversed a trial court's decision to strike the complaint of a property owner over discovery violations in a fight over a sinkhole, ruling that Peachtree Renaissance Property LLC was not given a fair hearing before the sanctions were handed down.

  • June 26, 2025

    Silverstein Adds Plans For 2K Apartments In NYC Casino Bid

    Developer Silverstein Properties on Thursday added plans to develop more than 2,000 apartments to its bid to win the rights to develop a Manhattan casino, ahead of a New York City application deadline Friday.

  • June 26, 2025

    Calif. Judge Rejects CoStar, CREXi's Early Win Bids In IP Row

    A California federal judge has rejected cross partial summary judgment bids made by property listing rivals CoStar Group Inc. and Commercial Real Estate Exchange Inc. in CoStar's copyright infringement suit against CREXi, which is accused of stealing nearly 50,000 CoStar commercial real estate images.

  • June 26, 2025

    NC Biz Court Stalls Foreclosure Sale On Development Project

    One hour before a foreclosure sale was set to take place, a North Carolina judge stepped in to block the auction after a property owner accused its partners on a 55-acre development of abusing lending, lien and foreclosure laws in a scheme against the owner.

  • June 26, 2025

    Maine To Hike Sales Tax On Cannabis, Add Streaming To Base

    Maine will raise its sales tax rate on adult-use cannabis and lower its excise tax rate on cannabis flower and add streaming services such as Netflix and Hulu to the sales tax base under budget legislation signed by the governor.

  • June 26, 2025

    Phillips Lytle Relocates Rochester Office To Technology Hub

    Phillips Lytle LLP has relocated its Rochester, New York, office to Innovation Square, a hub for technology, education and entrepreneurship, the firm announced.

  • June 25, 2025

    Wash. City Hits Ch. 9 After Arbitration Loss With Developer

    Cle Elum, a city in central Washington at the foothills of the Cascade Mountains, filed for Chapter 9 municipal bankruptcy on Tuesday facing garnishment from a real estate developer to whom it owes $26 million.

  • June 25, 2025

    Publicis Hits Landlord With $3M Buildout Reimbursement Suit

    A subsidiary of global public relations firm Publicis Groupe sued Market Holdings Co. LLC in Washington federal court for more than $3 million, alleging that the commercial landlord must reimburse it for a multimillion-dollar buildout project in a Seattle office property that Market Holdings leased to the company.

Expert Analysis

  • Ch. 11 Free-And-Clear Sale Ruling Takes Pragmatic Approach

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    A recent ruling from a New York bankruptcy court in which the debtors were allowed to sell interests free and clear regardless of a lienholder's objection signals a practical approach and a recalibration of the balance between debtor flexibility and creditor protections, say attorneys at Eversheds Sutherland.

  • What's At Stake As 9th Circ. Eyes Cultural Resource Damages

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    In Pakootas v. Teck Cominco, the Ninth Circuit is faced with the long-unresolved question of whether cultural resource damages are recoverable as part of natural resource damages under the Superfund law — and the answer will have enormous implications for companies, natural resource trustees and Native American tribes, says Sarah Bell at Farella Braun.

  • 5 Insurance Types For Mitigating Tariff-Related Trade Losses

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    The potential for significant trade-related losses as a result of increased tariffs may cause companies to consider which of their insurance policies, including marine, builders risk, trade credit, and directors and officers, could provide coverage to alleviate the financial impact, say attorneys at Pillsbury.

  • Avoiding Pitfalls Around New Calif. Commercial Lease Law

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    A California law that became effective this year requires commercial landlords to extend certain protections previously afforded to residential tenancies, and a few key provisions of the law especially warrant reexamination of leasing and operational processes, say attorneys at Holland & Knight.

  • Measuring And Mitigating Harm From Discriminatory Taxes

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    In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.

  • Addressing Tariff Price Escalation In Construction Contracts

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    As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.

  • How The CRE Industry Is Adapting To Tariff Uncertainty

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    Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.

  • Reconciling 2 Smoke Coverage Cases From California

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    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.

  • Contractor Remedies Amid Overhaul Of Federal Spending

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    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.

  • Contract Disputes Recap: Terminations Galore

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    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.

  • Making The Opportunity Zones Program Great At Last

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    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.

  • Investor Essentials For Buying Federally Owned Property

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    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.

  • How 2025 Is Shaping The Future Of Bank Mergers So Far

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    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.