Commercial

  • April 23, 2025

    Colo. Resort Developer Nixes Suit To Pursue Barbuda Claims

    A Colorado-based resort developer has voluntarily dismissed a Denver District Court lawsuit accusing a business partner on a Barbuda resort project of violating a noncompete by working on a similar resort, and plans to pursue his claims through a case in Barbuda, according to the developer's lawyer.

  • April 23, 2025

    Goodwin Guides KHP $300M Hotel Fund

    KHP Capital Partners announced Wednesday that it had wrapped its latest real estate fund guided by Goodwin Procter LLP after raising $300 million, adding that it plans to invest in up to 10 hotel renovation and repositioning opportunities via the fund.

  • April 23, 2025

    Goldman Heiress Fights Chancery Ruling In NY Estate Dispute

    The late Sol Goldman's billionaire daughter Jane Goldman is appealing a Delaware Chancery Court declaratory ruling that her nephew, Steven Gurney-Goldman, has rights to administer and settle his deceased father's interest in the family's vast real estate empire as an estate executor.

  • April 23, 2025

    Ariz. Bars Property Values Above Local Assessor Valuations

    Arizona barred county board rulings in property valuation disputes from exceeding the valuation determined by a local assessor under a bill signed by Gov. Katie Hobbs.

  • April 23, 2025

    Minn. Tax Court Slashes $5.5M From Warehouse Value

    A Minnesota warehouse property was overvalued by about $5.5 million, according to the state tax court, which used sales and income approaches and rounded downward to reflect its recent purchase price.

  • April 23, 2025

    Commercial Foreclosure Atty Joins Offit Kurman's NYC Office

    Offit Kurman said Wednesday that it had added David Yohay, a veteran real estate attorney with expertise advising lenders on commercial foreclosures, to its commercial litigation practice group in New York City.

  • April 23, 2025

    Gibson Dunn Real Estate Atty Joins Milbank's NY Office

    Milbank LLP announced Tuesday the addition of a former Gibson Dunn & Crutcher LLP lawyer to its New York office, highlighting his experience handling commercial real estate transactional matters for clients such as private equity and sovereign wealth funds, top financial institutions and family offices.

  • April 23, 2025

    NJ AG Sues RealPage, Landlords, Claiming Rent Price 'Cartel'

    RealPage Inc. and 10 of New Jersey's largest landlords are colluding to raise rents in violation of state and federal antitrust and consumer protection laws, forcing Garden State residents to overpay for housing, Attorney General Matt Platkin claimed Wednesday in a federal lawsuit.

  • April 23, 2025

    Sidley-Led Stonepeak Plugs $1.5B Into New Data Center Biz

    Infrastructure and real assets-focused private equity shop Stonepeak, advised by Sidley Austin LLP, revealed on Wednesday that it launched a new North American hyperscale-focused data center company with a $1.5 billion equity commitment.

  • April 23, 2025

    Aztec Fund Says Ch. 11 Deal With Bank Of America On Track

    Private equity investment group Aztec Fund can seek votes on its Chapter 11 liquidation plan after a Texas bankruptcy judge gave conditional approval of its disclosure statement.

  • April 23, 2025

    No Coverage For Shopping Mall In Shooting Suit, Insurer Says

    Scottsdale Insurance Co. has told a Florida federal court that the owner of part of a shopping plaza isn't owed coverage for a $1 million personal injury lawsuit brought by a man who was shot in the parking lot of the shopping center, arguing that the incident didn't occur on the covered premises.

  • April 22, 2025

    Wyndham Must Face Suit Alleging It Enabled Sex Trafficking

    A New Jersey federal judge Tuesday rejected Wyndham Hotels' bid to escape a woman's lawsuit accusing the company and one of its franchisees of ignoring signs she was trafficked for sex at a Hawthorne Suites in Northern California, finding the woman sufficiently alleged Wyndham was liable for her injuries.

  • April 22, 2025

    2 Firms Guide $200M Multifamily, Industrial JV Venture

    Global real estate investment firm Kennedy Wilson and a subsidiary of Japanese developer Tokyu Land Corp. formed a real estate investment joint venture that's guided by Goodwin Procter LLP and Gibson Dunn & Crutcher LLP and aims to focus on U.S. multifamily and industrial projects.

  • April 22, 2025

    DOJ Wants Time During 9th Circ. Vegas Room Rate Arguments

    The U.S. Department of Justice has asked to participate in the Ninth Circuit argument for an appeal from Las Vegas casino-hotel guests accusing the operators of using software to inflate room rates, the first algorithmic price-fixing case to reach an appeals court.

  • April 22, 2025

    McCarter & English Caught In Mall Developer Estate Suit

    The family of a deceased Connecticut retail developer has filed suit against the estate of a deceased attorney and his former firm, McCarter & English LLP, accusing him of mismanaging the developer's trust while extracting steep attorney fees.

  • April 22, 2025

    Intel Asks For Final End To Claims Over Chipmaking Problems

    Intel Corp. has told a California federal judge that a group of investors on a second try failed again to show that the company concealed problems in its domestic computer chipmaking business before posting results on Aug. 1 that led to its largest single-day stock decline since 1985.

  • April 22, 2025

    Scott + Scott To Lead Medical Cannabis REIT Securities Suit

    A Maryland federal judge picked Scott + Scott as the lead class counsel Tuesday for a proposed securities class action accusing a medical cannabis-focused real estate investment trust of misleading shareholders about its declining rents, declining property management fees and the state of its leasing operations.

  • April 22, 2025

    Calif. Pension Fund Injects $150M Into Self-Storage Assets

    Real estate management firm Nuveen closed a California pension fund's account in order to make a $150 million investment that's part of a larger $166.6 million investment in U.S. self-storage assets, the firm announced Tuesday.

  • April 22, 2025

    Court Appoints Monitor In SEC's $1B PE Fraud Case

    A Florida federal judge has appointed a founding partner of a Florida law firm to serve as a monitor in the U.S. Securities and Exchange Commission's suit against a private equity firm it says defrauded investors in a $1 billion fund focused on real estate and small business funding.

  • April 22, 2025

    Chase Bank Can't Ditch Claims It Aided $119M Ponzi Scam

    A California federal judge trimmed on Monday SiliconSage Builders LLC receiver's lawsuit accusing JPMorgan Chase of allegedly helping the now-defunct real estate developer carry out a massive $119 million Ponzi scheme, tossing an unjust enrichment claim, but allowing the bulk of the aiding-and-abetting allegations to survive.

  • April 22, 2025

    Pittsburgh Firm Accused Of Botching $3M Office Rent Row

    The owner of a Pittsburgh office building claims mistakes made by attorneys from Meyer Unkovic & Scott LLP cost the company more than $3.3 million in rental income and interest payments, according to a lawsuit filed in federal court Monday.

  • April 22, 2025

    NJ AG Pushes To Revive RICO Case Against Power Broker

    New Jersey urged a state appellate court to revive its sprawling racketeering indictment against Garden State power broker George E. Norcross III, politically connected attorneys and others, arguing that the trial court undertook a review that doesn't exist in criminal practice.

  • April 22, 2025

    Gunster Adds Holland & Knight, Berger Singerman RE Pros

    A few weeks after significantly growing its real estate practice following the merger with Miami firm Katz Barron, Gunster announced the addition of two experienced attorneys from Holland & Knight LLP and Berger Singerman LLP, who will further expand its real estate capabilities in South Florida.

  • April 22, 2025

    Renewals Drive Denver Area Q1 Life Sciences Absorption

    A lack of new project deliveries and a series of renewals in the Denver and Boulder, Colorado, life sciences market led to higher net absorption in the first quarter, even as broker CBRE expects a cooldown in activity ahead due to trade uncertainty.

  • April 22, 2025

    Ex-Baker Donelson Construction Atty Joins McNees Wallace

    Pennsylvania-based McNees Wallace & Nurick LLC has added a construction litigation and arbitration attorney to the firm's Towson, Maryland, office as an of counsel from Baker Donelson Bearman Caldwell & Berkowitz PC.

Expert Analysis

  • Ch. 11 Free-And-Clear Sale Ruling Takes Pragmatic Approach

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    A recent ruling from a New York bankruptcy court in which the debtors were allowed to sell interests free and clear regardless of a lienholder's objection signals a practical approach and a recalibration of the balance between debtor flexibility and creditor protections, say attorneys at Eversheds Sutherland.

  • What's At Stake As 9th Circ. Eyes Cultural Resource Damages

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    In Pakootas v. Teck Cominco, the Ninth Circuit is faced with the long-unresolved question of whether cultural resource damages are recoverable as part of natural resource damages under the Superfund law — and the answer will have enormous implications for companies, natural resource trustees and Native American tribes, says Sarah Bell at Farella Braun.

  • 5 Insurance Types For Mitigating Tariff-Related Trade Losses

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    The potential for significant trade-related losses as a result of increased tariffs may cause companies to consider which of their insurance policies, including marine, builders risk, trade credit, and directors and officers, could provide coverage to alleviate the financial impact, say attorneys at Pillsbury.

  • Avoiding Pitfalls Around New Calif. Commercial Lease Law

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    A California law that became effective this year requires commercial landlords to extend certain protections previously afforded to residential tenancies, and a few key provisions of the law especially warrant reexamination of leasing and operational processes, say attorneys at Holland & Knight.

  • Measuring And Mitigating Harm From Discriminatory Taxes

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    In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.

  • Addressing Tariff Price Escalation In Construction Contracts

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    As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.

  • How The CRE Industry Is Adapting To Tariff Uncertainty

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    Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.

  • Reconciling 2 Smoke Coverage Cases From California

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    As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.

  • Contractor Remedies Amid Overhaul Of Federal Spending

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    Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.

  • Contract Disputes Recap: Terminations Galore

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    Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.

  • Making The Opportunity Zones Program Great At Last

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    As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.

  • Investor Essentials For Buying Federally Owned Property

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    Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.

  • How 2025 Is Shaping The Future Of Bank Mergers So Far

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    Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.