Commercial

  • November 08, 2024

    Cannabis Shops Sue DC To Halt Enforcement Actions

    A coalition of Washington, D.C., recreational marijuana shops has launched a federal lawsuit against a slew of District entities, including the mayor, cannabis regulator and police department, seeking to halt the government's enforcement actions against their stores.

  • November 08, 2024

    Investors Say REITs Misled Them Into Delaying Liquidations

    A group of retail-focused, non-traded real estate investment trusts misled shareholders into approving charter amendments that stopped shares liquidation and prevented them from making money off their investments, a proposed class claimed in New Jersey federal court.

  • November 08, 2024

    Exec Exodus At Hospitality Platform Sonder Includes CLO

    Hospitality platform Sonder announced Friday its chief legal officer will be resigning from her role later this month as one of three executives who have announced their plans to leave the company by the end of 2024.

  • November 08, 2024

    Cohen & Steers Names General Mills' GC To Its Board

    Investment management company Cohen & Steers Inc. announced Friday that it has appointed General Mills' general counsel Karen Wilson Thissen to its board of directors.

  • November 08, 2024

    Steptoe & Johnson Adds Veteran Corporate Atty In Dallas

    Steptoe & Johnson PLLC announced that a veteran corporate attorney who previously served as the top attorney for a major auto repair company has joined the firm's Dallas office as of counsel, in a move the firm said will help strengthen its private credit practice.

  • November 07, 2024

    Trump Election Complicates Growing Insurance Climate Crisis

    Donald Trump's election to a second term as president is a huge setback for global efforts to curb climate change, and his disregard for the environment will likely complicate efforts to better understand climate risks facing insurers and consumers, experts say. 

  • November 07, 2024

    7th Circ. Sends Refuge Power Line Fight Back To Wis. Judge

    A Seventh Circuit panel scrapped stayed preliminary injunctions that temporarily blocked a power transmission line from crossing the Upper Mississippi River National Wildlife and Fish Refuge, directing a Wisconsin federal judge to determine if conservation groups' request for permanent relief is warranted or even possible with the line now built.

  • November 07, 2024

    Strip Mall, Insurer Agree To End Repair Payments Dispute

    A Tennessee strip mall owner and its insurer agreed to bury the hatchet Thursday and resolve claims the insurance company withheld costs for building repairs via wrongful depreciation, Wisconsin federal court filings said.

  • November 07, 2024

    Ariz. OKs Property Tax Credits For Unattended Nuisances

    Arizona property owners affected by public nuisances that local governments fail to address could qualify for tax refunds under Proposition 312, a ballot measure approved by state voters.

  • November 07, 2024

    JLL Adds $100M To Dry Powder Stock For Affiliate REIT

    Commercial broker JLL said Thursday that it put an additional $100 million into its own JLL Income Property Trust to support its investments at an "opportune" time in real estate market recovery.

  • November 07, 2024

    Ex-GE Affiliate Cleared In Bellwether Chemical Leak Verdict

    A Louisiana jury has cleared General Electric Co. and former subsidiary Dresser LLC of liability in a bellwether suit over allegations that they improperly disposed of chemicals that contaminated the Rapides Parish area.

  • November 07, 2024

    Hotel REIT Lands $121.5M Refi Of Va. Marriott Hotel

    Ashford Hospitality Trust Inc. obtained a three-year, $121.5 million nonrecourse loan to refinance a mortgage loan connected to its 703-room Marriott hotel in Arlington, Virginia, the real estate investment trust announced Thursday.

  • November 06, 2024

    Demand, Not Distress, Defines South Florida Office Market

    A scarcity of new, high-quality office space in South Florida and a continued flow of companies and people moving to the region has experts expecting demand to outweigh the distress that has beset the wider office market into the foreseeable future.

  • November 06, 2024

    JV Nabs $110M Refinancing For NYC Multifamily Portfolio

    A joint venture between Davean Holdings and Meadow Partners landed a $110 million refinancing of a New York City multifamily portfolio from Hudson Bay Capital, according to Walker & Dunlop, which facilitated the refinancing.

  • November 06, 2024

    Realty Income Readies New Private Capital Fund

    Realty Income is creating a new private capital investment platform that the real estate investment trust's chief executive told investors will allow the REIT to work with "a deep pool of institutional capital from investors who may otherwise lack the mandate or ability to invest in real estate securities."

  • November 06, 2024

    Capital Markets Bounce Back For Big Four Brokers In Q3

    After predicting a return of capital markets activity in the second half of 2024, commercial real estate's big four brokers reported that buyers and sellers are finally returning to the market in announcing third quarter results recently.

  • November 06, 2024

    Browns Won't Stop Ohio From Joining Stadium Dispute

    The Cleveland Browns told an Ohio federal court that it has no problem with the state joining the City of Cleveland in facing down the NFL team's suit, which claims that a state law unconstitutionally impedes the team's plan to move to a new stadium.

  • November 06, 2024

    FINRA Fines Firm Over Lax Real Estate Investment Diligence

    The Financial Industry Regulatory Authority ordered broker-dealer XP to pay $800,000 in restitution and penalties to settle claims that, among other things, it recommended investments in a series of real estate-focused private placements without conducting proper due diligence on them, leading to investor losses when the offerings flopped.

  • November 06, 2024

    Simpson, Clifford Chance Build $4B Blackstone Deal For REIT

    Blackstone announced Wednesday it will pay $4 billion to acquire grocery store-focused real estate investment trust Retail Opportunities Investment Corp., in a deal built by respective legal advisers Simpson Thacher & Bartlett LLP and Clifford Chance US LLP.

  • November 06, 2024

    Vornado Says Manhattan Office Space Is Making A Comeback

    Vornado Realty Trust CEO and Chair Steven Roth told shareholders Tuesday that the recovery of Manhattan office space he has been predicting is materializing, especially among Class A buildings.

  • November 06, 2024

    California Hotel Hits Ch. 11 For The 2nd Time In 3 Years

    SC SJ Holdings, the owner of a San Jose, California, hotel that previously filed for bankruptcy in 2021, filed for Chapter 11 in a California bankruptcy court with $100 million to $500 million in debt.

  • November 05, 2024

    An Early Look At Trump's Supreme Court Shortlist

    With former President Donald Trump projected to win the 2024 presidential election and the Republicans' success in securing the U.S. Senate majority, Trump may now get the chance to appoint two more justices to the U.S. Supreme Court, cementing the court's conservative tilt for decades to come.

  • November 05, 2024

    GOP's Senate Win Hands Future Of The Judiciary To Trump

    Republicans were projected to take back the White House and Senate and possibly the House early Wednesday, putting the GOP in position to back Donald Trump's agenda and his slate of young, conservative judicial nominees. 

  • November 05, 2024

    Bankruptcy Not Delaying NJ Health System's Antitrust Case

    A New Jersey federal magistrate judge on Tuesday partly denied CarePoint Health Management's request to delay its antitrust case against RWJBarnabas Health Inc. because of CarePoint's recent bankruptcy filing.

  • November 04, 2024

    Adams Loses Bid To Sanction Feds Over Alleged Leaks

    A Manhattan federal judge Monday rejected New York City Mayor Eric Adams' bid to sanction the prosecutors handling his bribery and corruption case for allegedly leaking secret grand jury information to journalists, saying he hasn't shown the news articles contain protected information or that prosecutors were behind any leaks.

Expert Analysis

  • Playing Ultimate Makes Us Better Lawyers

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    In addition to being fun, ultimate Frisbee has improved our legal careers by emphasizing the importance of professionalism, teamwork, perseverance, enthusiasm and vulnerability, say Arunabha Bhoumik and Adam Bernstein at Regeneron. 

  • NYC Hotel Licensing Law's Costs May Outweigh Its Benefits

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    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.

  • Being An Artist Makes Me A Better Lawyer

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    My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.

  • Calif. Ruling Offers Hope For Mitigated Negative Declarations

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    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.

  • There's No Crying In Property Valuation Baseball Arbitration

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    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.

  • Webuild Ruling Complicates Arb. Award Enforcement In US

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    A Delaware federal court's recent decision in Sociedad Concesionaria Metropolitana de Salud v. Webuild, if read literally, could undercut the United States' image as a proarbitration jurisdiction by complicating creditors' efforts to enforce awards against property in this country, says Jeff Newton at Omni Bridgeway.

  • Beekeeping Makes Me A Better Lawyer

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    The practice of patent law and beekeeping are not typically associated, but taking care of honeybees has enriched my legal practice by highlighting the importance of hands-on experience, continuous learning, mentorship and more, says David Longo at Oblon McClelland.

  • How To Avoid A Costly CPA Limitation Hidden In Most Leases

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    The lease audit rights clause is a seemingly innocuous provision in most commercial real estate leases that ends up costing tenants millions of dollars each year, as they have unwittingly agreed to retain only an accountant to investigate and settle financial issues, says Jason Aster at KBA Lease Services.

  • Home Canning Makes Me A Better Lawyer

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    Making my own pickles and jams requires seeing a process through from start to finish, as does representing clients from the start of a dispute at the Patent Trial and Appeal Board through any appeals to the Federal Circuit, says attorney Kevin McNish.

  • Navigating FEMA Grant Program For Slope Fixes After Storms

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    In the aftermath of Hurricanes Helene and Milton, it is critical for governments, businesses and individuals to understand the legal requirements of the Federal Emergency Management Agency's grant programs to obtain funding for crucial repairs — including restoration of damaged infrastructure caused by landslides and slope failures, says Charles Schexnaildre at Baker Donelson.

  • Smith's New Trump Indictment Is Case Study In Superseding

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    Special counsel Jack Smith’s recently revised Jan. 6 charges against former President Donald Trump provide lessons for prosecutors on how to effectively draft superseding indictments in order to buttress or streamline their case, as necessary, says Jessica Roth at Cardozo Law School.

  • Consider Best Legal Practices For Commissioning Public Art

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    Commissioning public art for real estate projects can provide many benefits to real estate developers and the public, but it's important to understand the unique legal and contracting aspects of the process to ensure that projects are completed on time and on budget, says Sarah Conley Odenkirk at ArtConverge.

  • Playing Diplomacy Makes Us Better Lawyers

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    Similar to the practice of law, the rules of Diplomacy — a strategic board game set in pre-World War I Europe — are neither concise nor without ambiguity, and weekly gameplay with our colleagues has revealed the game's practical applications to our work as attorneys, say Jason Osborn and Ben Bevilacqua at Winston & Strawn.