Commercial

  • April 17, 2025

    QXO Prices $500M Offering Connected To $11B Beacon Buy

    Building products distribution company QXO Inc. announced the pricing of a stock offering, with plans to raise $500 million, which will be used to finance a portion of its pending $11 billion acquisition of Beacon Roofing Supply Inc.

  • April 17, 2025

    Cushman Expects Stubborn Office Vacancies In Austin

    After unusual market disruptions brought on by the pandemic, Cushman & Wakefield says it expects high office vacancies in Austin, Texas, to linger for a few more years and that unprecedented demand for the city's industrial assets will stabilize gradually.

  • April 17, 2025

    Moderna Says New Drug Plant Riddled With Defects, Mold

    Life sciences company Moderna is suing a Massachusetts construction firm over multiple alleged defects in a recently built production facility for one of its experimental cancer drugs, including leaks that led to mold growth so "extensive and pervasive" the entire roof has to be replaced.

  • April 17, 2025

    Petersen Health Gets Initial OK To Take Votes On Ch. 11 Plan

    A Delaware bankruptcy judge on Thursday provisionally approved skilled nursing facility operator Petersen Health Care's bid to send its Chapter 11 liquidation plan out to creditors for voting, months after the company sold off most of its assets.

  • April 17, 2025

    Blackstone Sees 'Speed Bump' In Real Estate Recovery

    Officials at investment giant Blackstone told analysts Thursday that they expected the direct impact of tariffs on its businesses to be limited, although a wider downturn could be more troubling.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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. 

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Expert Analysis

  • Dewberry Ruling Is A Wakeup Call For Trademark Owners

    Author Photo

    The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.

  • How GSA Lease Clauses May Affect DOGE Terminations

    Author Photo

    The Department of Government Efficiency has begun to cut the U.S. General Services Administration's enormous real estate portfolio, but some standard lease clauses include limits helpful to landlords that may slow progress toward the administration's cost-cutting goals, say attorneys at Pillsbury.

  • What SDNY Judge Can And Can't Do In Adams Case

    Author Photo

    The federal judge in the Southern District of New York overseeing the criminal case against New York City Mayor Eric Adams deferred making a decision on the government's motion to dismiss the indictment, and while he does have limited authority to deny the motion, that would ultimately be a futile gesture, says Ethan Greenberg at Anderson Kill.

  • Rethinking 'No Comment' For Clients Facing Public Crises

    Author Photo

    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • Corp. Transparency Act's Future Under Treasury's Bessent

    Author Photo

    The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.

  • Nippon Order Tests Gov't Control Over Foreign Investments

    Author Photo

    The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.

  • A Look At A Possible Corporate Transparency Act Exemption

    Author Photo

    Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.

  • As EPA Backs Down, Expect Enviros To Step Up Citizen Suits

    Author Photo

    As President Donald Trump's U.S. Environmental Protection Agency draws down federal enforcement efforts, environmental groups will step into the void and file citizen suits — so companies should focus on compliance efforts, stay savvy about emerging analytical and monitoring methods, and maintain good relations with neighbors, say attorneys at Beveridge & Diamond.

  • Emphasize Social Spaces During RE Project Public Review

    Author Photo

    As Boston continues to work through revisions to its public review process for real estate projects, developers attempting to balance impact mitigation and community improvements may benefit from emphasizing the ways in which development plans can facilitate open social exchange, says David Linhart at Goulston & Storrs.

  • What Contractors Can Do To Address Material Cost Increases

    Author Photo

    In light of the Trump administration's plans to increase tariffs on Mexico, Canada and China, construction industry players should proactively employ legal strategies to mitigate the impacts that price increases and uncertainty may have on projects, says Brenda Radmacher at Seyfarth Shaw.

  • Reg Waiver Eases Calif. Rebuilding, But Proceed With Care

    Author Photo

    California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.

  • Insurance Considerations For LA Wildfire Recovery

    Author Photo

    Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.

  • LA Wildfires' Effect On Calif. Insurer Of Last Resort

    Author Photo

    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.