Commercial
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July 24, 2025
Va. County Board OKs Luxury, Mixed-Use Towers Project
A three-tower, 970,000-square-foot luxury, mixed-use development project in Rosslyn, Virginia, recently received entitlement approval from the Arlington County Board, the project's developer Penzance announced Thursday.
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July 24, 2025
Waste Management Unit Sues PE Fund Over Eviction Threat
A Waste Management Inc. subsidiary accused its private equity fund landlord in Colorado state court of wrongfully threatening the company with eviction from its local large waste recycling facility in north Denver.
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July 24, 2025
DC Council Sets Vote On Revised Commanders Stadium Deal
The Washington, D.C., City Council will vote next Friday, Aug. 1, on a revised version of the proposal to build a stadium for the Washington Commanders at the site of its previous stadium, Council Chair Phil Mendelson announced Thursday.
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July 24, 2025
NJ Attys Warn RICO Case Revival Would 'Chill' Lawyering
The New Jersey State Bar Association told a Garden State appellate court that lawyers across the state will be chilled from zealously advocating for their clients if it revives the state's racketeering indictment against two politically connected attorneys, making it the second attorney advocacy group to file a proposed amicus curiae brief in the case.
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July 24, 2025
Akerman Faces $45M Malpractice Suit From Health Biz In Fla.
Akerman LLP and one of its attorneys have been hit with a $45 million malpractice lawsuit in Florida state court from a former client who develops healthcare facilities and claims the firm botched a commercial lease form.
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July 24, 2025
Bets On Atty's Lien Biz Lost Millions, Investor Tells Jury
A seasoned investor told a Manhattan federal jury Thursday that he heavily backed a tax-lien fund controlled by a lawyer now accused of fraud, ultimately losing $2.9 million in supposedly low-risk bets where such losses were "not supposed to be possible."
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July 24, 2025
O'Melveny Environmental Partner Moves To Freshfields In NY
Freshfields LLP announced Thursday that a former O'Melveny & Myers LLP environmental attorney with experience in both the private and public sectors has joined the firm's corporate practice in New York.
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July 24, 2025
Alston & Bird Expands West Coast Reach With LA Funds Atty
Alston & Bird LLP has hired a former Greenberg Traurig LLP shareholder with in-house investment firm experience as an investment funds partner in Los Angeles.
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July 24, 2025
Blackstone's Assets Under Management Swell To $1.2T
Executives of asset management giant Blackstone Inc., in its second-quarter earnings call with analysts, expressed optimism for the company's real estate business and policy changes that could allow it to access 401(k) retirement accounts, amid market volatility and an uncertain recovery for real estate.
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July 24, 2025
2 Firms Guide $357M Calif. Shopping Centers Buy
Regency Centers Corp. will acquire a nearly 630,000-square-foot portfolio of five Orange County, California, shopping centers in a $357 million deal guided by Paul Hastings LLP and Latham & Watkins LLP, the company announced Thursday.
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July 24, 2025
Seyfarth Guides $42M Atlanta Office Campus Loan
Peachtree Group provided Banyan Street Capital with a $42 million mortgage loan to help finance the purchase and repositioning of an Atlanta office campus that had previously been at the center of a real estate scam, in a deal guided by Seyfarth Shaw LLP.
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July 24, 2025
3 Firms Advise $1.1B Deal To Take Office REIT Private
Canada-based City Office REIT said Thursday that it has agreed to be acquired by an affiliate of hedge fund Elliott Investment in a take-private deal valued at $1.1 billion and advised by DLA Piper, Hogan Lovells and Gibson Dunn & Crutcher LLP.
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July 23, 2025
Vietnamese Investors Seek Funds Back From EB-5 Project
Fourteen Vietnamese nationals have sued a Virginia law firm and its head attorney, seeking to cancel their $500,000 investments in a hotel redevelopment project after the federal government said it was denying their petitions for conditional permanent residency.Â
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July 23, 2025
Elsberg Baker Signs Empire State Building Lease
Elsberg Baker & Maruri PLLC has inked a 39,237-square-foot lease that allows it to occupy one whole floor and a partial floor of the Empire State Building, according to Empire State Realty Trust Inc., the real estate investment trust that owns the world-famous New York City landmark.
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July 23, 2025
Tendit Accuses Ex-CEO Of Illegally Raising Rent Before Exit
A facility services company sued its former CEO this week in Colorado state court, aiming to void a lease she created with her real estate business a day before resigning that increased the company's rent by more than $7,000 per month.
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July 23, 2025
DC Co. Sues Société Générale Over $29M Loan Deal
A District of Columbia property owner has accused Société Générale Financial Corp. in D.C. federal court of violating an agreement related to a $29 million refinancing loan when the bank corporation refused to fund the loan after realizing that it couldn't find a favorable secondary market buyer for the loan.
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July 23, 2025
Life Sciences Recovery Waits On Rate Relief, Alexandria Says
Even as executives with Alexandria Real Estate Equities touted its largest ever build-to-suit project at a San Diego megacampus and downplayed the effects of recent tariff announcements, they told investors the real estate investment trust is still waiting for "desperately needed" interest rate relief.
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July 23, 2025
Charter School Funder's Creditor Blasts Ch. 11 Depo Bid
Charter School Capital Inc.'s largest unsecured creditor has asked a Delaware bankruptcy judge to throw out the debtor's bid to depose its principal, arguing the request is "obvious retaliation against" the investor's attempt to slow the charter school funding firm's proposed sale process.
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July 23, 2025
8th Circ. Denies Bar Owner Coverage For Ex-Husband's Arson
An insurer for a Minnesota bar has no duty to cover a nearly $2 million fire intentionally caused by one of the owners, the Eighth Circuit ruled, rejecting the other co-owner's argument that the "innocent co-insured doctrine" extended to the bar's corresponding corporate entities.
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July 23, 2025
Ex-Real Estate Finance Pro Tapped For OCC Chief Of Staff
President Donald Trump's top national bank regulator has hired a new chief of staff, bringing on a former federal housing finance official from the private sector to help steer policy coordination and internal operations at the Office of the Comptroller of the Currency, the agency said Wednesday.
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July 23, 2025
NJ Power Broker Blasts AG's Bid To Revive RICO Case
Garden State power broker George E. Norcross IIIÂ on Wednesday urged a New Jersey appeals court to affirm the dismissal of the state's explosive racketeering indictment, arguing the trial court was right to toss the charges because there are no factual allegations in the indictment that amount to a crime.
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July 23, 2025
Rising Star: King & Spalding's Almiro Clere
Almiro Clere of King & Spalding LLP has advised Dubai's Department of Economy and Tourism on what planners say will be the world's largest artificial reef off Dubai, where 1 billion corals will live on a marine bed the size of New York City, earning him a spot among the construction law practitioners under age 40 honored by ¼«ËÙÈü³µ as Rising Stars.
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July 23, 2025
Rising Star: Ropes & Gray's Anthony Mongone
Anthony Mongone of Ropes & Gray LLP has earned the trust of some of the world's largest real estate investors to guide them through complex, large-scale deals, such as Blackstone's acquisition of 20% of Signature Bank's $16.8 billion mortgage loan portfolio after the bank's failure, earning him a spot among the real estate law practitioners under age 40 honored by ¼«ËÙÈü³µ.
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July 23, 2025
Perkins Coie Guides $154M NYC Hotel Sale
An entity connected to hospitality management and ownership company GF Hotels & Resorts sold off a New York City hotel to an entity connected to real estate company Hawkins Way Capital, in a $154.5 million deal advised by Perkins Coie LLP, according to official property records.
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July 23, 2025
Pa. Trial Court Must Redo Properties' Valuations, Ruling Says
A Pennsylvania trial court incorrectly changed the valuation of two taxpayers' properties and overstepped its authority when it combined the assessments of the taxpayers and the city, the Commonwealth Court ruled.Â
Expert Analysis
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Climate Among Many Factors Driving Up RE Insurance Costs
A proactive approach to risk management may determine the viability of the U.S. commercial real estate sector as weather crises and other factors drive insurance costs higher, says Ulrick Matsunaga at Crosbie Gliner.
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Bid Protest Spotlight: Debriefings, Timeliness, Documentation
​James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.
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A Look At Recent Case Law On Expedited Judgment In NY
A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.
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Dealmaker Lessons From CFIUS' New Enforcement Webpage
The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.
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Reassessing Lease Provisions To Account For ESG Initiatives
As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.
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Avoid Getting Burned By Agencies' Solar Financing Spotlight
Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.
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Co-Tenancy Clause Pointers For Shopping Center Landlords
Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.
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Assessing Algorithmic Versus Generative AI Pricing Tools
A comparison of traditional algorithmic pricing models and those powered by generative artificial intelligence can help regulators and practitioners weigh the pros and cons of relying on large language models to price products or services, say Maxime Cohen at McGill University, and Tim Spittle and Jimmy Royer at Analysis Group.
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Navigating A Potpourri Of Possible Transparency Act Pitfalls
Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.
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Keys To Successful Commercial Property Insurance Claims
Excerpt from
While insurance needs for commercial leasing arrangements are driven by the characteristics of the premises and the nature of the tenants' intended operations, there are several universal best practices landlords and their counsel can follow when making claims after loss or damage.
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Tips For Handling Single Asset Real Estate Bankruptcy Cases
Excerpt from
Bankruptcy counsel should consider several strategies when representing either a debtor or lender in single asset real estate debtor Chapter 11 cases, which generally arise when a debtor is forced to file for relief to stop an impending foreclosure sale.
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Increased Scrutiny Raises Int'l Real Estate Transaction Risks
Recently proposed regulations expanding the Committee on Foreign Investment in the United States' oversight, a White House divestment order and state-level legislative efforts signal increasing scrutiny of real estate transactions that may trigger national security concerns, say Luciano Racco and Aleksis Fernández Caballero at Foley Hoag.
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Portland's Gross Receipts Tax Oversteps City's Authority
Recent measures by Portland, Oregon, that expand the voter-approved scope of the Clean Energy Surcharge on certain retail sales eviscerate the common meaning of the word "retail" and exceed the city's chartered authority to levy tax, say Nikki Dobay at Greenberg Traurig and Jeff Newgard at Peak Policy.