Commercial

  • July 25, 2024

    Self-Storage Investment Firm Nets $75M Construction Loan

    Self-storage real estate investment firm Storage Units Capital obtained a $75 million construction loan from Beal Bank and Crow Holdings so that it can develop Class A self-storage properties in the Florida submarkets of Orlando and Tampa, the firm announced July 25.

  • July 25, 2024

    Proskauer Adds Milbank Real Estate Atty In NY

    Proskauer Rose LLP has hired a special counsel from Milbank LLP who joins the firm after six years with his prior platform to continue his practice focused on private equity investors and other clients involved in real estate and private fund matters, the firm announced Thursday.

  • July 25, 2024

    DP World Wins OK Of $194M Award Against Djibouti

    A D.C. federal judge entered a $194.3 million judgment against the Republic of Djibouti, enforcing an arbitration award secured by a Dubai-based port terminal operator in a long-running legal battle over an international container terminal in the East African country.

  • July 25, 2024

    IRS, Zaxby's Co-Founder To Settle $43M Easement Suit

    The Internal Revenue Service agreed to settle a $43 million valuation dispute over a conservation easement donated by the co-founder of the Zaxby's restaurant chain and his wife, prompting a Georgia federal court Thursday to cancel next month's anticipated jury trial.

  • July 25, 2024

    Bally's OKs Standard General's Takeover Valuing It At $4.6B

    Bally's Corp. announced on Thursday its plans to merge with Standard General-owned The Queen Casino & Entertainment Inc., a regional casino operator, in a deal that values Bally's at $4.6 billion and was crafted by five law firms.

  • July 24, 2024

    Judge Shields Real Estate Startup's Assets After Alleged Coup

    A judge intervened in Startup Redy.com's finances Tuesday when an investor won an order in Delaware Chancery Court that also expedites a case alleging that a co-founder threatened then removed celebrity real estate broker Josh Altman from a board post last month in an attempt to cover up the misuse of company funds.

  • July 24, 2024

    Top Texas Real Estate News In 2024 So Far

    Catch up on the hottest real estate news out of Texas so far this year, from data center construction and roadblocks in a major rail project to a Texas landowner's win in a takings suit and the U.S. Department of Justice's first predatory mortgage suit. 

  • July 24, 2024

    Latham-Led Warehouse Giant Lineage Inks Year's Largest IPO

    Cold-storage warehouse giant Lineage Inc. on Wednesday priced an upsized $4.4 billion initial public offering within its range, represented by Latham & Watkins LLP and underwriters counsel Goodwin Procter LLP, marking the year's largest IPO to date.

  • July 24, 2024

    Sidley Austin Guides $565M Miami Office Tower Loan

    OKO Group and Cain International secured a $565 million loan with Sidley Austin LLP's guidance from TYKO Capital for 830 Brickell, an office tower underway at in Miami, Florida, according to a statement from both developers.

  • July 24, 2024

    Mich. Tribunal Upholds $4.4M Value For Car Wash

    A Michigan car wash was correctly valued at $4.4 million, the state Tax Tribunal said after rejecting the property owner's argument that the value should be reduced due to functional obsolescence.

  • July 24, 2024

    Hospital REIT Inks $160M Arizona Emergency Facilities Sale

    Medical Properties Trust announced Wednesday that the real estate investment trust plans to sell eight properties to Dignity Health for $160 million, the latest sale amid a flurry of selling activity by the company.

  • July 24, 2024

    Polsinelli Gains Real Estate Finance Pro In DC From Sidley

    Polsinelli PC announced Wednesday that it has continued to deepen its real estate finance bench with a counsel in Washington, D.C., who arrived from Sidley Austin LLP.

  • July 24, 2024

    3 Takeaways On CFIUS' Bid To Expand Real Estate Coverage

    Real estate practitioners should not overlook the Committee on Foreign Investment in the United States' plan to bring 59 more military sites under its jurisdiction for reviewing land deals, even if the proposal comes as no surprise, attorneys said.

  • July 23, 2024

    Life Science REIT Says Its Future Relies On Mega-Campuses

    Life science-focused real estate investment trust Alexandria Real Estate Equities Inc. told investors during an earnings call Tuesday that it will be focusing on what it calls mega-campus developments in the coming years.

  • July 23, 2024

    Real Estate Sector Wrestles With CrowdStrike Outage

    Days after a sprawling information technology outage affecting 8.5 million Windows devices grounded airplanes and halted a number of services, the toll on the real estate industry — especially for the hospitality sector and financial services firms — is still being revealed.

  • July 23, 2024

    Equity Commonwealth Faces Another Call To Liquidate

    A second investor has called for Equity Commonwealth to begin liquidation proceedings, arguing that the real estate investment trust's statement that it plans to announce a "transformation transaction" or liquidation by year's end is more evidence of poor leadership.

  • July 23, 2024

    KKR Financing REIT Sees The 'Proverbial Light' Ahead

    Executives of KKR & Co.'s financing-focused real estate investment trust struck a hopeful tone about pursuing credit deals in the near future after taking a more guarded approach in the last year, while the company posted fewer losses than it previously forecasted for the second quarter.

  • July 23, 2024

    6th Circ. Affirms Insurer's Early Win In Hail Damage Suit

    A welding company wasn't owed coverage for roof damage caused by wind and a hailstorm, the Sixth Circuit ruled, finding that a lower court didn't err in ruling that a cosmetic-damage exclusion in its policy precludes the damage at issue.

  • July 23, 2024

    Historically Strong SF Life Sciences Market Flounders In Q2

    The San Francisco Bay Area's life sciences sector saw rising occupancy rates and negative net absorption in the second quarter of 2024, with an additional 5 million square feet of life science developments barreling down the construction pipeline, per a CBRE report.

  • July 23, 2024

    Ariz. Justices OK Use Of Power Deal In Plant's Valuation

    An Arizona power plant's income from a power purchase agreement may be considered in the income analysis of the valuation of the property, the state Supreme Court said, sending the matter back to the state tax court.

  • July 23, 2024

    No Victims, No Fraud, Trump Says In $465M Judgment Appeal

    Donald Trump has appealed the $465 million judgment against him, arguing that the New York attorney general exceeded her authority in her civil fraud suit against the former president because the statute in question does not apply to victimless transactions.

  • July 23, 2024

    O'Melveny Advises Bitcoin Miner Cormint On $29M In Funding

    Texas bitcoin mining company Cormint Data Systems Inc. said Tuesday that it has raised $29 million in Series B funding, in a transaction advised by O'Melveny & Myers LLP.

  • July 23, 2024

    Chicago Arena Owners Propose $7B Mixed-Use Project

    The owners of Chicago's United Center, as well as city and community leaders, unveiled a $7 billion investment that aims to build a mixed-use project across more than 55 acres of land near the sports arena, according to a Tuesday announcement.

  • July 23, 2024

    PE Firm Plugs $500M Into Sustainable Real Estate Offshoot

    Private equity firm NGP said Tuesday that it has closed a $500 million fund to invest in clean energy projects days after digital infrastructure site developer Cloverleaf Infrastructure announced a $300 million investment from NGP and Sandbrook Capital.

  • July 22, 2024

    EPA Awards $4.3B In Grants For Climate Change Projects

    The U.S. Environmental Protection Agency said it's steering $4.3 billion in grant funding to 25 projects that promise to help curb greenhouse gas pollution, advance environmental justice and transition the country to clean power.

Expert Analysis

  • Fla. Banking Brief: All The Notable Compliance Updates In Q2

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    Florida financial institutions must now navigate minimum interest rates for attorney trust accounts, restrictions on property sales to prohibited foreigners, and a ban on weighing environmental, social and governance factors to determine a customer's creditworthiness — changes that will add to banks' compliance pressures, says Patricia Hernandez at Avila Rodriguez.

  • Level Up Lawyers' Business Development With Gamification

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    With employee engagement at a 10-year low in the U.S., there are several gamification techniques marketing and business development teams at law firms can use to make generating new clients and matters more appealing to lawyers, says Heather McCullough at Society 54.

  • NY, NJ Regs Give Clarity To Cannabis Investors, Ancillaries

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    Proposed laws and regulations in New York and New Jersey would clarify some previously murky legal waters, thus expanding the ability of investors, lenders and ancillary service providers to work with marijuana business in these states, say David Waxman and Heidi Urness at McGlinchey Stafford.

  • 5 Ways Firms Can Rethink Office Design In A Hybrid World

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    As workplaces across the country adapt to flexible work, law firms must prioritize individuality, amenities and technology in office design, says Kristin Cerutti at Nelson Worldwide.

  • What To Expect From High Court's Whistleblower Case

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    The U.S. Supreme Court's upcoming decision in Murray v. UBS Securities will likely have widespread implications for the future of anti-retaliation whistleblower litigation, and could make it more difficult for would-be whistleblower-employees to succeed on anti-retaliation claims under the Sarbanes-Oxley Act, say Ann-Elizabeth Ostrager and Diane McGimsey at Sullivan & Cromwell.

  • RICO Ruling Makes US More Attractive Foreign Creditor Forum

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    The U.S. Supreme Court's decision in Yegiazaryan v. Smagin, allowing a foreign plaintiff to use the Racketeer Influenced and Corrupt Organizations Act to enforce a foreign arbitral award, will make judgment creditors more likely to seek out U.S. courts to remedy efforts to frustrate the enforcement of international arbitration awards, say attorneys at Paul Hastings.

  • 5 Strategies For Restructuring Underperforming CRE Loans

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    With commercial real estate industry conditions expected to deteriorate further in the coming months, market participants should consider a number of strategies to help resolve challenged investments, ranging from financial restructurings to project phasing, say attorneys at Ballard Spahr.

  • Ghosting In BigLaw: How To Come Back From Lack Of Feedback

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    Junior associates can feel powerless when senior colleagues cut off contact instead of providing useful feedback, but young attorneys can get back on track by focusing on practical professional development and reexamining their career priorities, says Rachel Patterson at Orrick.

  • Post-Ciminelli Predictions On Right-To-Control Convictions

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    The recent Second Circuit filings in Binday suggest that the government will fight to preserve its right-to-control convictions in the wake of the U.S. Supreme Court's Ciminelli decision, and offer clues about key issues that will drive post-Ciminelli litigation, say attorneys at Debevoise.

  • Steps To Success For Senior Associates

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    Adriana Paris at Rissman Barrett discusses the increased responsibilities and opportunities that becoming a senior associate brings and what attorneys in this role should prioritize to flourish in this stressful but rewarding next level in their careers.

  • How To Avoid A Zombie Office Building Apocalypse

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    With national office vacancy rates approaching 20%, policymakers, investors and developers will need to come together in order to prevent this troubling trend from sucking the life out of business districts or contaminating the broader real estate market, say Ryan Sommers and Robyn Minter Smyers at Thompson Hine.

  • Legal Profession Must Do More For Lawyers With Disabilities

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    At the start of Disability Pride month, Rosalyn Richter at Arnold & Porter looks at why lawyers with disabilities are significantly underrepresented in private practice, asserting that law firms and other employers must do more to conquer the implicit bias that deters attorneys from seeking accommodations.

  • Appellate Funding Disclosure: No Mandate Is Right Choice

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    The Advisory Committee on Appellate Rules' recent decision, forgoing a mandatory disclosure rule for litigation funding in federal appeals, is prudent, as third-party funding is only involved in a minuscule number of federal cases, and courts have ample authority to obtain funding information if necessary, says Stewart Ackerly at Statera Capital.