Commercial
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August 04, 2025
Bain Capital, 11North Buy $395M Retail Center Portfolio
Bain Capital and 11North Partners acquired a portfolio of 10 open-air retail centers across Florida and South Carolina in a $395 million deal, via a year-old joint venture between the two companies, the pair announced Monday.
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August 04, 2025
NY Atty Found Guilty Of Duping Lender Who Backed Lien Biz
A Manhattan federal jury on Monday convicted a former compliance lawyer of pilfering from a $20 million line of credit extended to his tax-lien business by a subsidiary of Emigrant Bank.
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August 04, 2025
Atlanta Super 8 Operator Accused Of Ignoring Sex Trafficking
The owner and operator of an Atlanta-area Super 8 hotel was sued in Georgia federal court by a woman who alleged the hotel knew she was sex trafficked there as a minor but did nothing to prevent it, thereby allowing the hotel to profit off the alleged criminal activity.
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August 04, 2025
Fla. Tribe Joins Suit Over 'Alligator Alcatraz' In Everglades
A Florida tribe has joined green groups in hitting Homeland Security Secretary Kristi Noem and state officials with environmental claims that the immigration detention center known as "Alligator Alcatraz" constructed in the Everglades violates a slew of federal statutes.
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August 04, 2025
Catching Up With Delaware's Chancery Court
Last week at the Delaware Court of Chancery, insurance brokerage and risk management giant Marsh & McLennan Cos. sought injunctive relief in a new suit accusing U.S. affiliates of London-based Howden Holdings Ltd. of a poaching scheme聽that involved over 100 M&M employees resigning on July 21.聽
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August 04, 2025
Post Road Group Closes Tech Funds With $1B Raised
Post Road Group recently closed two technology investment funds that drew in more than $1 billion combined, the alternative investment advisory firm, which has digital infrastructure as one of its focuses, announced Monday.
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August 04, 2025
Dorsey & Whitney RE Atty Joins Thompson Coburn In Dallas
Thompson Coburn LLP announced Monday that an experienced real estate attorney who's worked at several major firms in Dallas has come aboard from Dorsey & Whitney LLP.
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August 04, 2025
Simpson Thacher-Led Carlyle Snags $9B For Real Estate Fund
Carlyle, advised by Simpson Thacher & Bartlett LLP, raised $9 billion for its 10th fund targeting opportunistic real estate investments, surpassing its previous fund for the same strategy, despite a general slowdown in fundraising across the commercial property sector, according to a Monday announcement.
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August 04, 2025
Lathrop GPM Opens Renovated St. Cloud, Minn., Office Space
Lathrop GPM LLP announced Monday that its updated St. Cloud, Minnesota, office is now open after the 8,511-square-foot space was recently renovated.
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August 04, 2025
Cold Storage Co. Duped Investors Before 2024 IPO, Suit Says
A pension fund has sued聽Lineage Inc., a cold-storage real estate investment trust, and several of its executives in Michigan federal court over the company's initial public offering, the largest of 2024, alleging the REIT and its top brass misled investors about softening demand and unsustainable pricing.
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August 04, 2025
Real Estate Lawyers On The Move
Holland & Hart, Davis Hartman Wright and Hahn Loeser are among the law firms that have made recent real estate or construction hires.
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August 04, 2025
Arnold & Porter Expands On West Coast With K&L Gates Team
Arnold & Porter Kaye Scholer LLP is continuing to grow on the West Coast, announcing Monday that it has added seven lawyers from K&L Gates LLP to its newly launched Seattle office and one to its Los Angeles location.
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August 04, 2025
Walker & Dunlop Lines Up $105M Refi For Nashville High-Rise
Walker & Dunlop Inc. lined up $105 million in refinancing provided by Nuveen for a 356-unit, mixed-use high-rise in Nashville, Tennessee, the commercial real estate finance and advisory services firm announced Monday.
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August 04, 2025
Texas Bill Seeks Lower Voter-Approval Property Tax Rate
Texas would reduce its voter-approval property tax rate, or the rate that a local government unit may adopt without voter approval, for large taxing units under a bill introduced in the state Senate.
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August 04, 2025
Gibson Dunn Guides $320M Loan For NYC Office Conversion
An affiliate of Bushburg received a $320 million construction loan for an office-to-residential conversion in New York City's Financial District, in a deal guided by Gibson Dunn & Crutcher LLP, per county property records.
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August 04, 2025
NYC Real Estate Week In Review
Greenberg Traurig and Cole Schotz are among the law firms that landed work on the largest New York City deeds that hit public records last week, with multiple entity transfers by a New Jersey management company topping the list.
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August 01, 2025
Land Claimant Urges No New Trial In $30M Cuba Resort Case
The claimed owners of the Cuban barrier island Cayo Coco urged a Florida federal judge Thursday to deny a new trial to Expedia Group, Orbitz and Hotels.com after a jury awarded $29.85 million on findings that the booking sites聽engaged in prohibited trafficking by taking reservations for resorts on land seized by Fidel Castro's government.
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August 01, 2025
Del. Bankruptcy Judge Will Retain Ga. Dorm Operator's Ch. 11
A Delaware bankruptcy judge refused to move the Chapter 11 bankruptcy of dorm operator Corvias Campus Living-USG LLC to Georgia, entering an order Friday denying a bid by the University System of Georgia's board of regents to relocate the proceedings.
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August 01, 2025
7th Circ. Tosses Rehab's Zoning Row With Ind. Town
The Seventh Circuit affirmed an Indiana town's win on Friday in an Americans with Disabilities Act and Rehabilitation Act suit lodged by companies that wanted to convert a local nursing home into a rehab facility.
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August 01, 2025
Long Island Castle Owner Files Ch. 11 To Stall Foreclosure
The owner of a century-old castle on Long Island's Gold Coast filed for Chapter 11 protection late Thursday in New York bankruptcy court, saying it wants to stop a foreclosure sale being forced by its mortgagee lender so the debtor can run a sale process of its own.
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August 01, 2025
Dallas Office Tower Sells For $218M, Setting 2025 High Mark
Cousins Properties has purchased a 292,000-square-foot office property for $218 million, marking the Dallas-Fort Worth area's largest property sale of 2025, broker Newmark Group announced.
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August 01, 2025
Public Storage Sees Bounceback From LA Rent Restrictions
Public Storage executives told shareholders during an earnings call that the self-storage real estate investment trust expects its business in the Los Angeles area to pick back up after the local government lifts rental restrictions imposed after the January wildfires.
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August 01, 2025
Texas Bill Seeks Permanent Limit For Property Tax Increases
Texas would establish a permanent cap on increases in the appraised value of real property other than residence homesteads for property tax purposes if voters approve a proposed constitutional amendment authorizing the cap, as part of legislation filed in the state House of Representatives.
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August 01, 2025
Most Of Property Co.'s Hailstorm Insurance Fight Tossed
A property investment company can raise nearly none of its claims against its insurer for hailstorm damage from 2019 and 2023, a North Carolina federal court ruled, finding that because claims concerning the 2019 storm are time-barred, those corresponding documents can't support much of the 2023 claims.
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August 01, 2025
4 Mass. Rulings You May Have Missed In July
A cannabis company in the process of going out of business cannot rely on a state court receivership to shield it from creditors in other states, and the owners of shuttered Norwood Hospital can't renew an expired permit issued to bankrupt Steward Health.
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
鈥淣o comment鈥 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鈥檚 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鈥檚 January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government鈥檚 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 鈥 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.