Commercial
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January 17, 2025
Law360 Names Practice Groups Of The Year
Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2024, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughout the legal industry this past year.
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January 17, 2025
Law360 Names Firms Of The Year
Eight law firms have earned spots as Law360's Firms of the Year, with 54 Practice Group of the Year awards among them, steering some of the largest deals of 2024 and securing high-profile litigation wins, including at the U.S. Supreme Court.
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January 17, 2025
Colo. AG, FTC Say Greystar Advertised Deceptive Rent Prices
The Federal Trade Commission sued developer and property manager Greystar in Colorado federal court Thursday, alleging Greystar advertised deceptive prices for its units to entice prospective tenants to apply, only to later slap them with mandatory hidden fees not included in the marketed price.
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January 17, 2025
Property Plays: Pretium, The Perigon, Stack Infrastructure
Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.
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January 17, 2025
Concrete Co. Picks Up Queens Space For $60M
A Tennessee concrete manufacturer has secured a lot at 120-05 31st Ave. in College Point, Queens, from a New York concrete company for $60 million in a deal guided by Holland & Knight LLP, according to property records.
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January 17, 2025
Credit Asset Manager Closes $135M Refi For Manhattan Hotel
Benefit Street Partners wrapped up a $135 million refinancing of a 427-room hotel in Manhattan's Upper West Side, the global alternative credit asset manager announced Friday.
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January 17, 2025
NYC Mall Lenders, Developer Want Foreign Investor Suit Nixed
Financial backers of a Staten Island mall project are asking a federal judge to toss a suit by foreign investors seeking damages, arguing that the investors are just trying to "claw back" whatever they can from others who lost even more money.
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January 17, 2025
Polsinelli Commercial Litigation Vice Chair Joins Honigman
Honigman LLP announced the addition of Polsinelli PC's vice chair of commercial litigation on Thursday, saying his experience will support the growth Honigman anticipates in the commercial real estate market.
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January 17, 2025
Taxation With Representation: Simpson Thacher, Covington
In this week's Taxation With Representation, Eli Lilly and Co. buys a precision breast cancer program, Applied Digital Corp. enters a financing agreement for its high-performance computing business, Clearwater Analytics buys Enfusion, and Lantheus Holdings Inc. buys Life Molecular Imaging Ltd.
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January 17, 2025
Litigators Make Up Half Of Ballard Spahr's Promotion Class
Ballard Spahr LLP unveiled five promotions to partner and seven to of counsel on Wednesday, elevating lawyers for four of its five departments in five cities.
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January 16, 2025
Fire-Safe Rebuilding Key To Reducing LA Insurance Issues
Reducing the potential of fires like those in Los Angeles to disrupt insurance and housing markets will require a significant and sustained effort to lower physical risks in fire-prone communities, and a commitment to rebuilding to stronger standards.
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January 16, 2025
Texas Justices Question If Courts Can Rethink TCPA Motions
Texas justices questioned whether a trial court can reconsider a motion under the state's anti-SLAPP law to dismiss a farmland-centered REIT's suit against a Dallas-based hedge fund, saying during oral arguments Thursday that allowing it to do so might create a "big hammer" hanging over the parties' heads.
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January 16, 2025
Creditors Push For Mississippi Casino Developer Ch. 7
Creditors for developer Diamondhead Casino Corp., which has been trying for years to build a casino in Mississippi near the Gulf Coast, pressed a Delaware bankruptcy judge to liquidate the company, saying it's the "fairest and the most equitable" way to collect the $2.4 million they are owed.
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January 16, 2025
Browns Stadium Fight Belongs In Ohio State Court, Judge Told
The city of Cleveland has sued the Browns in Ohio state court in an attempt to block the NFL team's planned stadium move, as the city and the state are urging the judge in a separate federal case to toss the team's bid to relocate to the suburbs.
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January 16, 2025
PE Exec Nominated To Lead Fannie, Freddie Regulator
President-elect Donald Trump said Thursday he will nominate Bill Pulte, the CEO of private equity firm Pulte Capital, to lead the agency regulating Fannie Mae and Freddie Mac.
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January 16, 2025
Bridge Industrial, CPPIB Launch $789M Industrials JV
Private real estate company Bridge Industrial and the Canadian Pension Plan Investment Board are entering into a $789 million joint venture to invest in high-quality industrial properties throughout the U.S., the companies announced Thursday.
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January 16, 2025
Ill. Bill Seeks Refunds Of Excess Property Tax Revenue
Illinois local taxing authorities that exceed the previous year's property tax collection would need to disperse the excess to taxpayers under a bill introduced in the state House of Representatives.
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January 15, 2025
Wells Fargo Unit Sued Over Ex-Rep's EB-5 Investment Scheme
A Wells Fargo subsidiary has been hit with a suit in Nevada federal court by an attorney and real estate developer who claims she and several other entities were hit with a U.S. Securities and Exchange Commission enforcement action because the Wells Fargo subsidiary and one of its former employees gave bad investment advice.
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January 15, 2025
Data Center Developer Lands $900M For Northern Va. Campus
Stack Infrastructure announced Tuesday it has secured $900 million in financing, which will allow the data center developer and operator to finish construction of a data center campus in Northern Virginia.
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January 15, 2025
Natural Disasters And Wildfires Reshape CRE Dealmaking
Natural disasters are already reshaping all aspects of commercial real estate dealmaking, attorneys say, and their importance is expected to grow considerably as a result of the ongoing Los Angeles wildfires.
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January 15, 2025
Justices Asked If Zoning Immunity Can Pass To Private Entity
The Georgia Supreme Court on Wednesday considered whether a hospital authority could transfer its exemption from municipal zoning ordinances to a private buyer in a dispute over whether a hospital site can become an addiction rehabilitation center.
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January 15, 2025
Conn. Set To End Pollution Review On Property Transfers
Connecticut regulators have finalized a set of new rules to catch environmental contamination that will replace a system of mandatory inspections on commercial and industrial property transfers, leaving New Jersey as the only U.S. state with such a policy.
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January 15, 2025
Cost Concerns Keep Real Estate Atop Florida Policy Agenda
This year sees new leadership in the Florida Legislature, a change that can shift priorities, but with housing affordability, condominium reforms and property insurance presenting significant challenges even after recent legislative actions, the incoming House speaker and Senate president have indicated that they will pay close attention to these real estate-related issues in 2025.
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January 15, 2025
Judge Warns DOJ: Settle Burger Forfeiture Suit Or Pay Up
A Michigan federal judge on Tuesday expressed frustration with Justice Department officials' delays in resolving a civil forfeiture action over an alleged $11 million healthcare fraud scheme involving money laundered through Big Boy Restaurant, telling federal prosecutors they have until next week to settle the case or pay the chain's recent legal bills.
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January 15, 2025
Fried Frank Guides $177M Financing For NYC Office Building
GFP Real Estate, a commercial real estate owner and manager, has borrowed more than $177 million from merchant bank BDT & MSD to acquire and partially convert a Manhattan office building into residential units, in a financing deal advised by Fried Frank Harris Shriver & Jacobson LLP, according to official property records.
What Real Estate Attys Should Expect From New SEC
Real estate lawyers should anticipate a meaningful shift in policy from the U.S. Securities and Exchange Commission under President-elect Donald Trump's leadership, including a reduced focus on climate risk disclosures, according to speakers at a Practicing Law Institute panel.
Ackman Retracts Sullivan Dig In $1.5B Howard Hughes Offer
Pershing Square Holdings founder Bill Ackman has leaked a $1.5 billion proposal on social media that calls for merging his hedge fund and real estate developer Howard Hughes Holdings, and appeared to blame Sullivan & Cromwell LLP in a post for the informal release before he walked back that comment.
The Enviro Policies Real Estate Attys Are Eyeing In 2025
On the precipice of four years of expected deregulation, agency challenge, and a weakening of incentives and credits, real estate attorneys and their clients are in a wait-and-see phase to determine how environmental policy shifts will — or should — alter their work.
Expert Analysis
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Public Corruption Enforcement In 2024 Has Clues For 2025
If 2024 activity is any indication, the U.S. Supreme Court will likely continue to rein in expansive prosecutorial theories of fraud in the year to come, but it’s harder to predict what the new administration will mean for public corruption prosecutions in 2025, says Cathy Fleming at Offit Kurman.
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Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
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What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
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Timeline Considerations For Boston's New RE Review Process
Boston's newly reimagined large real estate project review process, featuring early community engagement, holds impacts for project timelines that land use counsel must account for when guiding developers through approvals, says David Linhart at Goulston & Storrs.
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The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025
U.S. federal bank regulators were very active in 2024 with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation, but many regulations face an uncertain future under the new administration, say attorneys at Latham.
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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.