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Commercial

  • July 18, 2025

    NC Land Use Body Appeals Church Rezoning Ruling

    A North Carolina county's governing body on Friday appealed a federal court's finding that it likely violated a religious land use law when it denied a church's request to rezone a parcel so it could build a new facility.

  • July 18, 2025

    Mass. Advocates Pitch Doubling Real Estate Transfer Fee

    Massachusetts would double its real estate transfer fee to raise an estimated $300 million annually for affordable housing and climate mitigation efforts under legislation pitched to a state legislative panel by housing and environmental advocates.

  • July 18, 2025

    Miami Official Loses Appeal To Toss $63.5M Judgment

    The Eleventh Circuit has dismissed Miami City Commissioner Joe Carollo's appeal of the $63.5 million judgment against him for targeting a pair of business owners after they supported a political opponent, finding that he prematurely filed the appeal and then failed to amend it.

  • July 18, 2025

    5 Firms Guide $3.5B Sale Of Power Plants In Pa. And Ohio

    Power company Talen Energy Corp. will pay $3.5 billion for two power plants, one in Pennsylvania and the other in Ohio, in a deal with an estimated gross value of $3.8 billion adjusted for tax benefits, Talen has announced.

  • July 18, 2025

    Pa. Appellate Court Upholds Commercial Property Value

    A Pennsylvania commercial property was properly reassessed by the city of Philadelphia, and the reassessment did not violate court precedent, a state appellate court affirmed. 

  • July 18, 2025

    Taxation With Representation: Wachtell, Slaughter And May

    In this week's Taxation With Representation, Blackstone pours billions into data centers and related infrastructure, Waters Corp. and Becton Dickinson look to form a new life sciences powerhouse, Reckitt sells 70% of its Essential Home business to private equity firm Advent, and Chevron completes its acquisition of Hess following a favorable arbitral award.

  • July 18, 2025

    Fried Frank Advises SL Green's $1B NYC Debt Fund

    SL Green Realty Corp. announced that the office landlord has raised more than $1 billion for its opportunistic debt fund under Fried Frank Harris Shriver & Jacobson LLP's guidance, about half of which was committed by investors during the past week alone.

  • July 18, 2025

    Sidley-Led Stonepeak Plugs $1.3B Into Latham-Led PDG

    Asia Pacific data center operator Princeton Digital Group, advised by Latham & Watkins LLP, on Friday revealed that it received a $1.3 billion investment from Sidley Austin LLP-led alternative investment firm Stonepeak to help support its continued expansion.

  • July 17, 2025

    Calif. Tribe Renews $700M Casino Suit With Lobbying Claim

    A D.C. federal judge will let a California tribe amend its suit against the U.S. Department of the Interior for axing its eligibility to run a proposed $700 million casino on new claims that a competing tribe successfully orchestrated a politically influential lobbying campaign.

  • July 17, 2025

    NC Justices Urged To Let Property Foreclose In Debt Fight

    A company on the cusp of wrapping up the foreclosure sale of a Cornelius, North Carolina, land tract that is planned to be part of a larger mixed-use development has implored the state Supreme Court not to temporarily stay the sale.

  • July 17, 2025

    Prologis Touts Future Leases After 'Maximum Uncertainty' Q1

    Executives with industrial real estate investment trust Prologis said they're seeing signs of increasing demand with a leasing pipeline at a historic high, despite the "maximum uncertainty" that followed President Donald Trump's tariff announcements in April.

  • July 17, 2025

    Fla. Judge Rejects US Service Members' Timeshare Claims

    A Florida federal judge sided with Holiday Inn Club Vacations Inc. and its timeshare financier on Thursday in a putative class action by two U.S. Air Force members alleging that their timeshare loan contracts violated the Military Lending Act.

  • July 17, 2025

    Mass. Appeals Court Affirms Toss Of Cell Tower Challenge

    A Massachusetts intermediate appellate court affirmed the dismissal of a challenge to permits for a cell tower in the town of Essex, in an unpublished decision Wednesday.

  • July 17, 2025

    Tarter Krinsky Adds Real Estate Atty To New Texas Office

    Tarter Krinsky & Drogin LLP has added a commercial real estate attorney who joined the firm from private practice following several stints of working with the firm on a contractual basis.

  • July 17, 2025

    Mass Deportations Could Raise Insurance Costs, Profs Say

    The Trump administration's mass deportation program could increase costs for insurance carriers and homeowners by reducing the number of undocumented immigrants so critical to the construction industry, business and insurance professors say.

  • July 17, 2025

    Firm Named Lead Counsel For REIT Securities Fraud Class

    The Rosen Law Firm PA will serve as lead counsel for a proposed class of Sun Communities investors who claim the real estate investment trust failed to disclose that its CEO received a loan from a board member's relatives.

  • July 17, 2025

    Equinix OKs $41.5M Settlement Of Capital Spending Claims

    Data center developer Equinix has agreed to pay $41.5 million to settle class claims from a pension fund saying the company mislabeled spending on maintenance expenses over a five-year period to earn executives bonuses of $150 million.

  • July 17, 2025

    Minn. Property Tax Appeals Tossed For Lack Of Disclosures

    Property tax appeals by three partnerships in Minnesota were dismissed by the state's tax court because the partnerships failed to provide the income and expense information required before making an appeal.

  • July 17, 2025

    Real Estate Finance Pro Returns To ArentFox Schiff In NY

    ArentFox Schiff LLP has added a real estate finance partner in New York from Greenspoon Marder LLP who returns to the firm after seven years away, the firm announced this week.

  • July 16, 2025

    Sidley Guides Starwood Property Trust's $2.2B Net Lease Deal

    Sidley Austin LLP and Latham & Watkins LLP are advising Starwood Property Trust Inc. 's $2.2 billion acquisition of net lease real estate operating platform Fundamental Income Properties LLC, according to an announcement made Wednesday.

  • July 16, 2025

    Chinese Investors' EB-5 Fraud Claims Dismissed

    A Delaware federal judge has tossed a proposed class action lodged by Chinese investors claiming they were defrauded in a failed EB-5 hotel investment tied to a San Francisco property, finding that the investors' claims are time-barred and that the court lacks jurisdiction.

  • July 16, 2025

    Attys Tout 3 Real Estate Investment Wins In Federal Budget

    Real estate investors can breathe a collective sigh of relief seeing the final version of the "One, Big, Beautiful Bill Act" that President Donald Trump signed into law this month, as it is largely favorable to the industry and keeps several much-admired tax breaks alive.

  • July 16, 2025

    Holland & Knight Guides $550M Seattle Overleverage Venture

    Holland & Knight LLP advised the launch of Keelbase Capital, a venture to invest some $550 million in Seattle-area properties that are overleveraged, the real estate investment firm said in a Wednesday announcement.

  • July 16, 2025

    Related Nets $46M Loan For NY Residential Development

    Related Companies obtained a $46.2 million senior secured loan for its 1,200-acre residential community project in Tuxedo, New York, the lender announced Wednesday.

  • July 16, 2025

    Rittenhouse Law Advises $344M Alterra Outdoor Storage Loan

    Rittenhouse Law advised industrial outdoor storage firm Alterra IOS on a $343.6 million loan secured by 64 sites in nearly two dozen states.

Expert Analysis

  • Questions Remain After Mass. Adverse Possession Case

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    A recent Massachusetts Land Court decision, concerning an adverse possession claim on a family company-owned property, leaves open questions about potential applicability to closely held corporations and other ownership types going forward, says Brad Hickey at DarrowEverett.

  • 4 Takeaways From Biden's Crypto Mining Divestment Order

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    A May 13 executive order prohibiting the acquisition of real estate by a foreign investor on national security grounds — an enforcement first — shows the importance of understanding how the Committee on Foreign Investment in the United States might profile cross-border transactions, even those that are non-notified, say attorneys at Kirkland.

  • Insurer Quota-Sharing Lessons From $112M Bad Faith Verdict

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    In Indiana GRQ v. American Guarantee and Liability Insurance, an Indiana federal jury recently issued a landmark $112 million bad faith verdict, illustrating why insurers must understand the interplay between bad faith law and quota-sharing before entering into these relatively new arrangements, say Jason Reichlyn and Christopher Sakauye at Dykema. 

  • A Look At New IRS Rules For Domestically Controlled REITs

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    The Internal Revenue Services' finalized Treasury Regulations addressing whether real estate investment trusts qualify as domestically controlled adopt the basic structure of previous proposals, but certain new and modified rules may mitigate the regulations' impact, say attorneys at Simpson Thacher.

  • How New Rule Would Change CFIUS Enforcement Powers

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    Before the May 15 comment deadline, companies may want to weigh in on proposed regulatory changes to enforcement and mitigation tools at the disposal of the Committee on Foreign Investment in the United States, including broadened subpoena powers, difficult new mitigation timelines and higher maximum penalties, say attorneys at Venable.

  • 2nd Circ. Eminent Domain Ruling Empowers Municipalities

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    The Second Circuit's recent decision in Brinkmann v. Town of Southold, finding that a pretextual taking does not violate the Fifth Amendment's takings clause, gives municipalities a powerful tool with which to block unwanted development projects, even in bad faith, say James O'Connor and Benjamin Sugarman at Phillips Lytle.

  • SEC Should Be Allowed To Equip Investors With Climate Info

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    The U.S. Securities and Exchange Commission's new rule to require more climate-related disclosures will provide investors with much-needed clarity, despite opponents' attempts to challenge the rule with misused legal arguments, say Sarah Goetz at Democracy Forward and Cynthia Hanawalt at Columbia University’s Sabin Center for Climate Change.

  • How Cos. Can Comply With New PFAS Superfund Rule

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    The U.S. Environmental Protection Agency's new rule designating two per- and polyfluoroalkyl substances as "hazardous substances" under the Superfund law will likely trigger additional enforcement and litigation at sites across the country — so companies should evaluate any associated reporting obligations and liability risks, say attorneys at Alston & Bird.

  • How EB-5 Regional Centers Can Prepare For USCIS Audits

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    In response to the recently announced U.S. Citizenship and Immigration Services guidelines that require EB-5 regional center audits every five years to verify their compliance with immigration and securities laws, regional centers should take steps to facilitate a seamless audit process, say Jennifer Hermansky and Miriam Thompson at Greenberg Traurig.

  • Understanding The IRC's Excessive Refund Claim Penalty

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    Taxpayers considering protective refund claims pending resolution of major questions in tax cases like Moore v. U.S., which is pending before the U.S. Supreme Court, should understand how doing so may also leave them vulnerable to an excessive refund claim penalty under Internal Revenue Code Section 6676, say attorneys at McDermott.

  • Bankruptcy Ruling Shifts Lease Rejection Claim Calculation

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    A New York federal court’s recent ruling in In re: Cortlandt provides guidance on how to calculate a landlord's damages claim when a bankruptcy debtor rejects a lease, changing from an approach that considers the remaining rent due under the lease to one that considers the remaining time, say Bethany Simmons and Noah Weingarten at Loeb & Loeb.

  • What Calif. Eviction Ruling Means For Defaulting Borrowers

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    A California appellate court's recent decision in Homeward Opportunities v. Taptelis found that a defaulting borrower could not delay foreclosure with an improperly served notice of pendency of action, but leaves open a possibility for borrowers to delay eviction proceedings merely by filing lawsuits, say Anne Beehler and Krystal Anderson at Holland & Knight.

  • How 3D Printing And Prefab Are Changing Construction

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    The growing popularity of trends like 3D printing technology and prefabrication in the construction industry have positive ramifications ranging from reducing risks at project sites to streamlining construction schedules, say Josephine Bahn and Jeffery Mullen at Cozen O'Connor.