Commercial
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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.
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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.
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April 21, 2025
DLA Piper Guides RFR Office Mezz Lender Foreclosure
RFR Holding Corp. handed control of a Manhattan office property over to a mezzanine lender via a foreclosure sale led by DLA Piper, after defaulting on both the CMBS loan and mezzanine loans tied to the property in 2024.
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April 21, 2025
Real Estate Co.'s $1.9M Title Insurance Suit Gets Tossed
A real estate company could not show that its suit seeking $1.9 million in coverage for a title defect that limited access to its San Diego industrial property belonged in federal court, a California judge found Monday, tossing the case.
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April 21, 2025
NYU Starts Affordable Housing Clinic For Religious Orgs
New York University School of Law announced Monday it will form a clinic to help shepherd faith-based organizations through building affordable housing on their properties, as the state legislature considers a bill to eliminate obstacles for such development.
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April 21, 2025
Calif. Homeowners Say Insurers Colluded To Limit Coverage
California property owners affected by the Los Angeles wildfires accused over 300 insurers of conspiring to eliminate competition in the marketplace, forcing consumers to instead obtain fire insurance from the state's insurer of last resort, according to two lawsuits filed in state court.
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April 21, 2025
Miami Officials Claim Immunity In Developers' Retaliation Suit
Miami officials urged a Florida federal judge on Monday to toss a lawsuit brought by two property developers and several associated businesses alleging that they were cited with building code violations for political reasons, claiming immunity because they were just doing their jobs.
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April 21, 2025
NYC Real Estate Week In Review
Frenkel Hershkowitz and Kramer Levin are among the law firms that scored work on the largest New York City real estate deals that hit public records last week, with four Manhattan matters leading the way.
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April 21, 2025
Investors Seek Class Status On Equinix Capital Spend Claims
A group of Equinix investors asked a California federal judge for class certification on their claims that the data center developer mislabeled spending on batteries, light bulbs and other maintenance expenses so two executives could collect bonuses of $150 million.
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April 21, 2025
Justices Won't Hear Mall Of America's Sears Lease Dispute
The U.S. Supreme Court on Monday declined to hear a case filed by the owner of Minnesota's Mall of America against Sears Holding Corp. over a transfer of a 100-year lease for an anchor store location, leaving in place a lower court's finding that the mall's lease was not a "true" contract.
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April 18, 2025
5th Circ. Backs SEC In Fraud Case Receivership Fight
The Fifth Circuit has knocked down a Texas-based real estate investor's fight against a receivership imposed upon his entities by the U.S. Securities and Exchange Commission, saying the lower court did not exceed its authority in allowing the receivership in the $26 million fraud case.
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April 18, 2025
9th Circ Won't Rethink Nixed Zillow, NAR Antitrust Case
The Ninth Circuit won't be rethinking a panel decision refusing to revive a defunct brokerage platform's case accusing Zillow and the National Association of Realtors of anticompetitively relegating its listings from Zillow's main page.
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April 18, 2025
HUD Lists Aging DC Headquarters Building For Sale
The U.S. Department of Housing and Urban Development and Government Services Administration have announced plans to sell HUD's headquarters, saying the property exceeds the department's need for office space.
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April 18, 2025
Fla. Jury Hits Expedia With $30M Helms-Burton Verdict
A Miami jury on Friday said Expedia and three related entities owe $29.85 million after finding the online booking companies liable for violating the Helms-Burton Act's anti-trafficking provision by offering reservations for resorts on a barrier island seized by Fidel Castro's government.
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April 18, 2025
Law Firm In-Office Policies Steady Real Estate Footprints
Law firms' office real estate footprints are stabilizing as firms bolster their in-office attendance — through return-to-office programs and a focus on culture — and move away from space-sharing for attorneys, according to a report from CBRE.
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April 18, 2025
DLA Piper Adds Partner To Investment Funds Practice
Ropes & Gray LLP partner Matt Posthuma has jumped ship to DLA Piper, where he joins the firm's investment funds practice as a partner in its Chicago office.
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April 17, 2025
Greystar Says FTC Suit Seeks 'Radical' Expansion Of Power
Developer and property manager Greystar urged a Colorado federal court to toss a Federal Trade Commission suit alleging it advertised deceptive rental prices, saying the suit requires a novel reading of a decades-old statute that would "radically" expand the agency's power.
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April 17, 2025
Cuban Island Owner Wants $36M In Helms-Burton Case
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 asked a Miami jury on Thursday for an award of more than $36 million against Expedia, which the man claims illegally trafficked in the stolen property by offering reservations for resorts on the island through its website.
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April 17, 2025
Colo. FAIR Plan Gives Policyholders Options At A Cost
Colorado launched the country's first new Fair Access to Insurance Requirements, or FAIR, Plan in 40 years to offer residents another tool in an increasingly challenging wildfire, hail and wind market, but experts emphasized that this limited form of coverage is not intended to address affordability concerns.
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April 17, 2025
Colo. Insurance Bills Offer Promise But Uncertain Costs
Colorado lawmakers are contemplating insurance bills that experts say could help improve the state's market by boosting home resilience, but there are still cost concerns and skepticism that other proposals are workable, like a state reinsurance program.
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April 17, 2025
Naftogaz Wins Enforcement Of $5B Russia Award In France
A French court has signed off on a bid by Ukraine's state-owned oil and gas company to enforce a $5 billion arbitral award it won against Russia after the Kremlin seized its Crimean assets, the company said on Thursday.
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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.
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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.
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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.
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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.
Expert Analysis
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Why NY May Want To Reconsider Its LLC Transparency Law
Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
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.
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How GSA Lease Clauses May Affect DOGE Terminations
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.
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What SDNY Judge Can And Can't Do In Adams Case
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.
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Rethinking 'No Comment' For Clients Facing Public Crises
“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.
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Corp. Transparency Act's Future Under Treasury's Bessent
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.
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Nippon Order Tests Gov't Control Over Foreign Investments
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.
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A Look At A Possible Corporate Transparency Act Exemption
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.
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As EPA Backs Down, Expect Enviros To Step Up Citizen Suits
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.
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Emphasize Social Spaces During RE Project Public Review
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.
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What Contractors Can Do To Address Material Cost Increases
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.
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Reg Waiver Eases Calif. Rebuilding, But Proceed With Care
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.
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Insurance Considerations For LA Wildfire Recovery
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.