Commercial
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April 17, 2025
Blackstone Sees 'Speed Bump' In Real Estate Recovery
Officials at investment giant Blackstone told analysts on April 17 that they expected the direct impact of tariffs on its businesses to be limited, although a wider downturn could be more troubling.
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April 16, 2025
Real Estate Lawyers Chart Dealmaking Under Tariffs
As real estate transaction attorneys navigate uncertainty in the market, some deals are being put on ice, while elsewhere, clients are rushing to negotiate protections from price hikes or find opportunistic deals.
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April 16, 2025
Trump Ends Clinton, Carter Policies On Fed Facility Sites
President Donald Trump rolled back two decades-old orders directing the federal government to prioritize urban areas and historic districts when choosing locations for federal facilities.
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April 16, 2025
IBM Sues Insurers Over $900M In Environmental Expenses
IBM has taken several of its excess commercial general liability insurers to New York federal court, arguing that following IBM's coverage settlements with underlying insurers, they are now on the hook for over $900 million in environmental remediation expenses incurred under policies issued between 1961 and 1970.
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April 16, 2025
Luxury Boutique Offices Sprout Up Around Miami
Though there have been hints of a slowdown in the Miami office market, which has seemed impervious to the economic headwinds roiling the sector nationwide, one area moving at full speed is the development of high-end boutique projects in desirable enclaves outside the city's central business district.
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April 16, 2025
Office Demand Steady Despite Trade Policy Turbulence
Commercial broker Cushman & Wakefield said shifting U.S. trade policy didn't have a noticeable effect on demand for office space in the first quarter as the sector showed continued signs of stabilization.
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April 16, 2025
Dems Ask GSA To Explain Federal Asset Disposal Plans
Democrats on the House Oversight Committee urged the General Services Administration to explain its moves to list federal properties for disposal, expressing concern about how the agency has identified buildings for sale.
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April 16, 2025
Prologis Says Logistics Renters Cautious Amid Tariff Tumult
Prologis executives said on Wednesday that logistics asset leasing activity dropped 20% over the past two weeks, with many companies waiting to see how things pan out after President Donald Trump temporarily paused higher tariffs on all countries except China.
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April 16, 2025
Exxon Urges Justices To Resolve Seized Cuba Property Claim
Exxon Mobil Corp. asked the U.S. Supreme Court to scrutinize a ruling frustrating its attempts to collect damages from Cuban property confiscated decades ago, arguing the Trump and Biden administrations' opposing stances on such lawsuits present a chance for the court to settle the political debate.
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April 16, 2025
Exelon Buys DC Office Building From Brookfield For $175M
Utilities giant Exelon Corp. has bought a Washington, D.C. office building that serves as a headquarters for one of its electricity subsidiaries from Brookfield Properties for $175 million, according to deed records.
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April 16, 2025
Meridian Capital Promotes Legal Head To General Counsel
Meridian Capital Group announced Tuesday that its head of legal has been promoted to general counsel in a move that comes about a year after the firm came under new leadership.
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April 16, 2025
Pryor Cashman Adds New Real Estate Partner For NYC Office
Pryor Cashman LLP announced Wednesday that it had hired Carter Ledyard & Milburn LLP attorney Paul J. Proulx for the firm's real estate and land use/zoning teams in its New York City office.
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April 15, 2025
Massive Calif. Fire Assessment Pass-Through Sparks Suit
Public interest nonprofit Consumer Watchdog sued California's insurance chief in Los Angeles Superior Court on Monday to stop him from allowing insurance companies to offset hundreds of millions of dollars in assessment costs as surcharges onto policyholders, claiming the decision was made without any public input, in violation of the state's Administrative Procedure Act.
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April 15, 2025
Funding Cuts Cause Q1 Hurdles For Life Sciences Real Estate
The U.S. life sciences real estate market was hit with challenges in the first quarter of 2025 due to funding cuts for the National Institutes of Health that were announced earlier this year, according to a report from real estate company Savills.
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April 15, 2025
Chinese Real Estate Developer Hit With Involuntary Ch. 11
Three creditors of Chinese real estate developer Xinyuan Real Estate Co. Ltd. filed an involuntary bankruptcy petition against the company late Monday, saying it is in default on $170 million in note debt.
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April 15, 2025
Brooklyn Office Space Seeing Leasing Surge, CBRE Reports
New York City's borough of Brooklyn went through "a surge of leasing" for office space after a total of 509,000 square feet was leased in Q1 2025, according to a CBRE report published Tuesday.
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April 15, 2025
Brookfield Lands $1.3B From Citibank For Hudson Yards Office
Brookfield Properties secured $1.25 billion in financing from Citibank on its 16-story Five Manhattan West building in a transaction advised by Dechert LLP and Fried Frank Harris Shriver & Jacobson LLP.
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April 15, 2025
NY Developers Land $237M Refi For Major Mixed-Use Project
The developers behind a 70-acre mixed-use development in Sleepy Hollow, New York, secured a $237 million refinancing for the project from Hudson Bay Capital, per an announcement from Walker & Dunlop which arranged the financing.
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April 15, 2025
Top Grossing Cos. Drift Further From Remote-First Work
The largest companies in the U.S. by revenue are moving away from allowing employees to work primarily at home, including among technology businesses, which were formerly much more permissive of telework, according to a recent report.
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April 15, 2025
Mich. Tribunal Rejects Hotel's Challenge To $10M Valuation
A hotel owned by a Hilton franchisee was valued at $10 million by the Michigan Tax Tribunal, agreeing with a local assessor and reducing a previous valuation by $2.2 million but rejecting a further reduction sought by the owner.
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April 15, 2025
NY Panel Finds 'Lockbox' Suit Differs From Hotel Foreclosure
A split New York state appeals court has found that U.S. Bank can pursue its litigation seeking to seize a "lockbox" of rent payments for a Manhattan hotel, with one justice arguing in a dissent that the instant lawsuit improperly duplicates a related but separate foreclosure action.
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April 15, 2025
DC Maintains, Expands Tax Exemptions For NBA, NHL Arena
The District of Columbia maintained and expanded tax breaks for the property and airspace of Capital One Arena, home to the NBA's Washington Wizards and NHL's Washington Capitals, as part of legislation that became law, according to a notice published in the district's register.
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April 15, 2025
Moye White Says It Was Evicted To Make Way For Tech Co.
Defunct law firm Moye White LLP is fighting back in Colorado state court against its Denver landlord's nearly $4 million lawsuit, alleging in counterclaims that the landlord unlawfully evicted the firm and its subtenants from a downtown office building in order to make room for a technology business.
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April 15, 2025
Giordano Halleran Nabs Real Estate Pro For NJ Expansion
Giordano Halleran & Ciesla PC announced that the firm has added a commercial real estate transaction pro as shareholder, who is spearheading the firm's opening of an office in northern New Jersey.
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April 14, 2025
Expedia Defends Cuban Island Bookings In Helms-Burton Trial
The former manager of Expedia's Cuba group took the stand Monday to defend the travel company's actions offering reservations for resorts on an island off the coast of Cuba that a Cuban-American man says was stolen from his family by Fidel Castro's government, telling jurors the company worked to comply with constantly changing regulations related to travel to Cuba.
Expert Analysis
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LA Wildfires' Effect On Calif. Insurer Of Last Resort
Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.
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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.