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Commercial

  • September 10, 2025

    NJ Justices Will Weigh Eminent Domain Limits In 2 Cases

    The New Jersey Supreme Court has agreed to hear a pair of cases probing the boundaries of eminent domain powers in the state, with one case exploring if officials can exchange taken land for other property earmarked for public use in a swap with a developer.

  • September 10, 2025

    Kirkland-Led Milestone Raises $1.1B For Multifamily Deals

    The Milestone Group, advised by Kirkland & Ellis LLP, said Wednesday that it accrued $1.1 billion in its latest fund raise for investing in suburban multifamily communities, surpassing the equity vehicle's predecessor and hitting its hard cap.

  • September 10, 2025

    Ore. County Failed To Tell Biz It Lost Tax Break, Court Says

    An Oregon meat processor was justified in failing to timely appeal property assessments because it was never notified in writing by a county assessor of its exclusion from an enterprise zone tax incentive program, the state tax court ruled.

  • September 10, 2025

    SkyREM Nabs 3 Midwest Industrial Properties For $100M

    Commercial real estate firm SkyREM announced it has acquired three industrial real estate properties spanning a combined 1.4 million square feet in the Midwest, in a trio of deals worth nearly $100 million.

  • September 10, 2025

    SC Residents Ask 4th Circ. To Revive Marsh Development Suit

    A group of South Carolina residents urged the Fourth Circuit to reverse the dismissal of their suit challenging a federal plan to develop tidal marshland that's allegedly already part of a state public trust that bars development.

  • September 10, 2025

    Co. Pays $194M For Fla., NJ Industrial Property Portfolio

    Terreno Realty Corp. bought a three-property, 509,000-square-foot portfolio of industrial distribution buildings located in Doral, Florida, and Kearny, New Jersey, for $194.3 million, the industrial real estate company announced Wednesday.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Expert Analysis

  • Negotiating Triparty Hotel Agreements To Withstand Risk

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    Brewing economic uncertainty in the hospitality industry underscores the importance of subordination, nondisturbance and attornment agreements, and hotel managers should tightly negotiate these agreements to ensure remedies will not disturb key rights, say attorneys at Sidley.

  • CRE Challenges Demand New Lease And Development Plans

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    As developers and landlords face declining occupancy of commercial, industrial and office space post-pandemic, a combination of business and lease considerations may better position stakeholders to protect the value and profitability of their commercial real estate, says Geoffrey Leskie at Segal McCambridge.

  • 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.