Commercial
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September 10, 2025
Long Island Town Hit With Another Pot Shop Suit Over Zoning
The Long Island town of Southampton, New York, was hit with another lawsuit accusing it of weaponizing its zoning to block marijuana shops from opening, with the latest suit claiming it changed its laws at the last minute to prohibit an all but ready-to-open retail shop, wasting hundreds of thousands of dollars the cannabis entrepreneur spent.
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September 10, 2025
Cannabis Co. Says Battle With Activists Was Tossed Too Soon
A multistate cannabis company told a New Jersey state appeals court on Wednesday that its lawsuit against local opponents of a cultivation facility was prematurely dismissed, while the activists countered that the case amounted to a strategic lawsuit against public participation cloaked in land-use litigation.
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September 10, 2025
Downtown Fort Lauderdale's Growth Spurs Economic Boom
The recent influx of residents to downtown Fort Lauderdale has translated into gains on the commercial side, as a new report shows how the South Florida city is becoming a leading driver in the region's economy and is outperforming broader trends.
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September 10, 2025
Fla. Judge Chides Attys Over Discovery In High-Rise Ch. 11
A Florida federal judge on Wednesday chided attorneys over discovery deadlines in a Chapter 11 bankruptcy case involving a downtown Miami high-rise development, setting an October deadline to produce documents after requests weren't fulfilled on time.Â
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September 10, 2025
Bowled Over: How Inflation Put Pinstripes In Ch. 11
Pinstripes Holdings Inc., a restaurant chain offering bocce ball and bowling alongside fettuccine bolognese, was buffeted by inflation and drooping business as it poured cash into growing its fortunes before hitting Chapter 11.
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September 10, 2025
As CMBS Distress Spikes, Attorneys See More On Horizon
Indicators of distress for commercial mortgage-backed securities have now blown past levels seen in the sector during the Great Recession, pitting borrowers against lenders as $150.9 billion in such loans mature this year.
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September 10, 2025
Blackstone Buys Miami Brickell Hotel From Trinity, Certares
Hospitality-focused firms Trinity Investments and Certares Real Estate Management announced Wednesday that Blackstone Real Estate has bought their 352-room hotel EAST Miami.
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September 10, 2025
Pillsbury Leader Eyes Dawn Of Nuclear-Powered Data Centers
Expect to see more deals connecting nuclear power to data centers in the coming years, now that a menu of options is on the market and the federal government is getting increasingly on board, said a leader in Pillsbury Winthrop Shaw Pittman LLP's energy practice.
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September 10, 2025
Real Estate Fundraising Shows Signs Of A Turnaround
Real estate funds are on track to raise more capital in 2025 than they did in 2024 if the current pace of fundraising continues, though the spell of sluggishness that has afflicted the industry may not be over yet, according to a Pitchbook report on global private market fundraising.
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September 10, 2025
Moore & Van Allen Plans Move To New HQ In Charlotte, NC
Moore & Van Allen PLLC has announced that the firm will be moving into a larger office space in its hometown of Charlotte, North Carolina, in 2028 following the completion of a 43-story building in the city's South End neighborhood.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Expert Analysis
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2024 IPO Market Trends, And What To Expect Next Year
The initial public offering market returned to historically typical levels on a deal count basis in 2024 but continued to lag based on proceeds raised due to a larger number of smaller IPOs this year, and signs point to continued ongoing momentum in the next year, say attorneys at Paul Hastings.
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Adapting Force Majeure To A Predictably Unpredictable World
As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.
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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.