Commercial

  • April 09, 2025

    Blackstone Clinches $10.8B European Real Estate Fund

    Simpson Thacher & Bartlett LLP-advised private equity giant Blackstone on Wednesday announced that it wrapped its latest European real estate fund with €9.8 billion ($10.8 billion) of total capital commitments.

  • April 08, 2025

    Expedia's Cuban Island Bookings Were Illegal, Jurors Told

    A Cuban-American man who says he is the rightful heir to an island off the coast of Cuba that was seized by the Communist government told jurors Tuesday that Expedia illegally trafficked in stolen property by offering reservations for resorts on the island through its website.

  • April 08, 2025

    NY High Court Probes If State Emissions Cap Preempts City's

    New York's highest court questioned Tuesday why the state Legislature did not explicitly state that it meant for a 2019 climate law to preempt a law regulating greenhouse gas emissions that New York City passed earlier that year, amid property owners' challenge to the city law.

  • April 08, 2025

    Univ. Of The Arts Gets Last Ch. 7 Property Sale Approved

    Philadelphia's University of the Arts received the Delaware bankruptcy court's approval Tuesday for its sale of an historic building, the seventh and final real estate sale in the defunct school's Chapter 7 case.

  • April 08, 2025

    Cushman Atty Transitions In-House As Kidder Mathews GC

    Kidder Mathews announced Monday that it has hired Edward Castro, a 30-year corporate attorney with experience in commercial real estate law, as general counsel advising the company and its 19 West Coast offices.

  • April 08, 2025

    House Panel Tallies Office Waste After DOGE, GSA Scrutiny

    Republicans on a U.S. House committee cast the federal government's office footprint as costly, out of date and underused in a Tuesday hearing that came after a federal agency posted and then promptly removed a list of some 440 buildings it described as "non-core" last month.

  • April 08, 2025

    Contractor's Win In Insurance Fraud Suit Upheld By 6th Circ.

    A Sixth Circuit panel affirmed Continental Building Co.'s defeat of a lawsuit that leveled insurance fraud claims at the general contractor, finding a subcontractor failed to trace its losses to Continental's claim that it defaulted on a contract.

  • April 08, 2025

    Mass. Board Upholds Town's Value Of Commerical Property

    An owner of a commercial property in Massachusetts failed to produce comparable sales to substantiate reducing the property's valuation by more than $400,000, the state Appellate Tax Board ruled Tuesday.

  • April 08, 2025

    Design Co. Denied Exit From Hurricane Subrogation Suit

    A design contractor facing a $4 million subrogation action over hurricane damage to commercial HVAC units at an Amazon sorting facility can't rely on notice requirements in Florida's construction defect law, Chapter 558, to argue the plaintiff insurers are statutorily barred from seeking reimbursement, a Florida federal court ruled.

  • April 08, 2025

    Lowndes Adds Fla. Real Estate Attorney From Shutts & Bowen

    The Lowndes law firm announced it had added Jason Williams, a former Shutts & Bowen LLP partner, as an Orlando, Florida-based shareholder in its commercial real estate department.

  • April 08, 2025

    Battery Park City Authority Hires Ex-CBRE Atty As GC

    Former CBRE legal counsel and managing director Elaine Kleinberg has been hired as general counsel for New York state's Battery Park City Authority, the public benefit corporation announced Monday.

  • April 08, 2025

    Olshan Frome Expands Real Estate Group With New Partner

    New York-based Olshan Frome Wolosky LLP has added an experienced real estate partner from Mintz Levin Cohn Ferris Glovsky and Popeo PC, in a move meant to aid in the expansion of the midsize firm's real estate law group.

  • April 08, 2025

    Rhodium Gets OK For $185M Settlement With Landlord

    A Texas bankruptcy judge on Tuesday approved a $185 million asset sale to settle a dispute between Rhodium Encore and its remaining landlord that will allow the bankrupt cryptocurrency miner to wipe out its debt with enough left over to pay shareholders.

  • April 07, 2025

    VA Plans Office Expansions Amid Federal Leasing Pullback

    The U.S. General Services Administration notified Congress of its plans to relocate, expand or consolidate existing U.S. Department of Veterans Affairs medical facility leases to the tune of an extra $205 million annually, even as the federal government sheds leases to cut costs.

  • April 07, 2025

    DOJ Says Partnerships Can't Wipe Out $4M Tax Lien

    Two partnerships cannot use a mortgage sale to foreclose on properties and wipe out the government's $4 million tax lien on a couple's real estate, the U.S. told a Washington federal court.

  • April 07, 2025

    Honigman Hires Ex-Ice Miller Real Estate Atty In Chicago

    Honigman LLP added former Ice Miller LLP partner Michael R. Tirman as a real estate transactions partner in its Chicago office, the firm announced Monday.

  • April 07, 2025

    Ex-TBS GC Chairs CoStar Board In Latham-Advised Refresh

    Latham & Watkins LLP advised CoStar Group on a "refreshment" of the company's board of directors that includes a new role for a former Turner Broadcasting Systems general counsel, according to a Monday announcement that follows pressure from hedge funds D.E. Shaw and Third Point.

  • April 07, 2025

    Denver Builder Says Ex-Employee Stole Info For Competitor

    A full-service general building contractor has accused a former employee and an industry rival in Colorado state court of using stolen confidential business information to make a competitive bid for a 2025 "large scale" Colorado project that's anticipated to create more than $20 million in revenue.

  • April 07, 2025

    In New York, Law Firms Are Staying Put

    Many law firms are opting to stay in their current offices in New York City. Here, Law360 Pulse looks at what is driving their decisions.

  • April 07, 2025

    NYC Real Estate Week In Review

    Proskauer and Mermel Associates are among the law firms that scored work on the largest New York City real estate deals that hit public records last week, with a large Extell Development buy leading the way.

  • April 07, 2025

    Goldberg Segalla Adds Hospitality, Retail Atty In Palm Beach

    Litigation firm Goldberg Segalla LLP said it has added retail and hospitality attorney Jason R. Hepperly to its office in West Palm Beach, Florida.

  • April 07, 2025

    Montana To Appraise Taxable Real Property Every 2 Years

    Montana will reappraise most taxable real property every two years under a bill signed by the governor.

  • April 07, 2025

    CBRE Chief Legal Exec Raked In $3.4M As GC Last Year

    CBRE's newly crowned chief legal and administrative officer Chad Doellinger was paid $3.39 million in 2024, a year in which the executive served as the commercial real estate services firm's general counsel, per a securities filing.

  • April 07, 2025

    Supreme Court Declines Review Of NY Concealed Carry Law

    The U.S. Supreme Court said Monday that it won't review a New York state law requiring "good moral character" as a prerequisite to obtaining a gun permit, passing on an opportunity to resolve what firearm rights advocates called a circuit split on how the high court's decision in Bruen is interpreted.

  • April 04, 2025

    Hilco To Fight $177M GSA Deal Cancellation

    Hilco Development Services said it will fight the General Services Administration's decision to cancel its $177 million sale of a decommissioned federal government building in California to the construction company.

Expert Analysis

  • Criminal Enforcement Considerations For Gov't Contractors

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    Government contractors increasingly exposed to criminal liability risks should establish programs that enable detection and remediation of employee misconduct, consider voluntary disclosure, and be aware of the potentially disastrous consequences of failing to make a mandatory disclosure where the government concludes it was required, say attorneys at Crowell & Moring.

  • The Often Overlooked NY Foreclosure Notice Requirements

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    As multifamily real estate defaults mount, New York foreclosing parties should be aware of pitfalls and perils that can await the litigant who is not prepared to ensure adherence with tenant notice requirements under the Real Property Actions and Proceedings Law, say Christopher Gorman and John Muldoon at Rosenberg & Estis.

  • A Case Study For Calif. Cities In Water Utility Takeovers

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    With growing water scarcity and drier weather looming, some local governments in California have sought to acquire investor-owned water utilities by eminent domain — but the 2016 case of Claremont v. Golden State Water is a reminder that such municipalization attempts must meet certain statutory requirements, say attorneys at Nossaman.

  • Lower Courts May Finally Be Getting The Memo After Ciminelli

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    A year after the U.S. Supreme Court again limited prosecutors' overbroad theories of fraud in Ciminelli v. U.S., early returns suggest that the message has at least partially landed with the lower courts, spotlighting lessons for defense counsel moving forward, says Kenneth Notter at MoloLamken.

  • A Framework For Investigating Commercial Loan Fraud

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    As commercial loan transactions are increasingly subject to sophisticated fraud schemes, lenders must adopt dynamic strategies to detect, investigate and mitigate these schemes, say attorneys at Baker Donelson.

  • Yellow Corp. Lease Assumption Shows Landlord Protections

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    Yellow Corp.’s recent filing of a motion to assume unexpired leases is a helpful reminder to practitioners to maintain a long-term approach about what is most beneficial for an estate and to not let a debtor's short-term cash position dictate business decisions, says Kyle Arendsen at Squire Patton.

  • How A Bumblebee Got Under Calif. Wildlife Regulator's Bonnet

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    A California bumblebee's listing as an endangered species could lead to a regulatory quagmire as California Department of Fish and Wildlife permits now routinely include survey requirements for the bee, but the regulator has yet to determine what the species needs for conservation, says David Smith at Manatt.

  • The Clock Is Ticking For Fla. Construction Defect Claims

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    Ahead of the fast-approaching July 1 deadline for filing construction defect claims in Florida, Sean Ravenel at Foran Glennon discusses how the state's new statute of repose has changed the timeline, and highlights several related issues that property owners should be aware of.

  • It's Time To Defuse The Ticking Time Bomb Of US Landfills

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    After recent fires at landfills in Alabama and California sent toxic fumes into surrounding communities, it is clear that existing penalties for landfill mismanagement are insufficient — so policymakers must enact major changes to the way we dispose of solid waste, says Vineet Dubey at Custodio & Dubey.

  • Ohio Tax Talk: The Legislative Push For Property Tax Relief

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    As Ohio legislators attempt to alleviate the increasing property tax burden, four recent bills that could significantly affect homeowners propose to eliminate replacement property tax levies, freeze property taxes for longtime homeowners, adjust homestead exemptions annually for inflation, and temporarily expand the homestead exemption, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.

  • Tips For Advising CRE Owners Affected By Houston Storms

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    As Houston residents begin the arduous process of recovery after this month's devastating storms, attorneys should guide commercial real estate owners and managers toward immediate action under their insurance coverage to facilitate restoration and a return to normalcy, says Justin Ratley at Munsch Hardt.

  • How Real Estate Cos. Can Protect Their IP In The Metaverse

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    The rise of virtual and augmented reality creates new intellectual property challenges and opportunities for real estate owners, but certain steps, including conducting a diligence investigation to develop an understanding of current obligations, can help companies mitigate IP issues in the metaverse, says George Pavlik at Levenfeld Pearlstein.

  • Ga. Law Creates Challenges For Foreign Ownership Of Land

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    Under Georgia's new law limiting certain foreign possessory interests in agricultural land and land near military properties, affected foreign persons and entities will need to do significantly more work in order to ensure that their ownership remains legal, say Nellie Sullivan and Lindsey Grubbs at Holland & Knight.