Commercial
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July 02, 2025
How CEQA Reforms Address California's Housing Squeeze
California lawmakers on Monday enacted a new set of escape routes to the California Environmental Quality Act, the state law blamed for constricting housing development to a crisis point. Experts told Law360's Real Estate Authority that while the changes could speed permit processing in some cases, previous attempts to spur housing development by easing CEQA restrictions have proven ineffective.
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July 02, 2025
Construction Co.'s Unit Wins $220M Casino Expansion Deal
A subsidiary of construction company Tutor Perini Corp. won a $220 million contract from the Tule River Indian Tribe's gaming authority to expand the tribe's Porterville, California, casino by building a new tower and events center.
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July 02, 2025
6 States Attys Are Watching For Data Center Energy Policy
Lawmakers and regulators across the country are mulling new policies to address data center energy needs, and while Virginia tends to get a lot of attention on the issue, several other states are also worth keeping tabs on for possible rule changes, according to attorneys.
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July 02, 2025
Local Restrictions In New Fla. Hurricane Law Cause Friction
The Florida Senate hailed the signing late last week of a wide-ranging bill aimed at bolstering the state's handling of hurricanes, but a legal battle could lie ahead, as Gov. Ron DeSantis provided his signature over objections that portions will trample on local governments' authority to regulate land use and development in their own communities.
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July 02, 2025
Judge Backs Forest Service In Idaho Logging Project Dispute
An Idaho federal judge has tossed Rocky Mountain conservation advocates' lawsuit alleging the U.S. Forest Service failed to properly analyze impacts on animal species when it approved a logging and construction project in the Idaho panhandle.
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July 02, 2025
Charter School Funder Gets Nod For $5M Ch. 11 Financing
A Delaware bankruptcy judge said he would grant interim approval to a $5 million debtor-in-possession loan for Charter School Capital Inc., a company that provides funding for charter schools across the country, as it seeks to sell its business by the end of the month.
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July 02, 2025
Legal Sector Sees Record Leases As Firms Eye Premium Digs
Law firm office leasing is off to a red-hot start in 2025, signaling "a long-term commitment to high-quality real estate" in the legal sector even as other industries have reduced their office footprints due to technology and pandemic-driven disruptions, according to a new report.
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July 02, 2025
Fried Frank Guides Industrial Portfolio Recapitalization
Real estate investment firm and developer Crow Holdings, advised by Fried Frank Harris Shriver & Jacobson LLP, recapitalized a 6 million-square-foot, 25-property industrial portfolio with Blackstone-affiliated funds, according to a Tuesday announcement from Newmark Group, which provided guidance for the recapitalization.
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July 02, 2025
Norton Rose Hires K&L Gates Real Estate Ace In LA
Norton Rose Fulbright is building on its California footprint, announcing Wednesday it is bringing in a K&L Gates LLP real estate pro as a partner in its Los Angeles office.
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July 02, 2025
Investor Says Houston Apt. Owner Diverted $17M In Proceeds
An investor controlled by bridge lender KHCA Funding LLC has filed suit against the owner and operator entities of a multifamily building in Houston, alleging that $17.6 million in investment proceeds it was due were improperly diverted elsewhere by the company.
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July 02, 2025
What '80s Rock Tells Us About Commercial Real Estate Today
In its 1980s hit "Here I Go Again," recorded three times over a period of five years, the rock group Whitesnake declares: "I don't know where I'm going, but I sure know where I've been."
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July 01, 2025
8 NYC Casino Applicants Meet Deadline For Key Licenses
A series of multibillion-dollar applications rolled in ahead of a June deadline for the three coveted casino licenses up for grabs in New York, with prospective developers promising millions for infrastructure upgrades, housing development and other community needs.
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July 01, 2025
Detention Center Owner GEO Spends $60M On Calif. Facility
The GEO Group, an owner and operator of detention centers, said Tuesday it has struck a deal to buy a facility it leases in San Diego from an affiliate of investment firm Holland Partners Group for $60 million.
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July 01, 2025
US Trustee Questions Good Faith Of Bedmar Ch. 11 Filing
The federal bankruptcy watchdog moved to dismiss the Chapter 11 case of the property-lease holding subsidiary of pharmaceutical manufacturing company National Resilience HoldCo Inc. late Monday, saying in Delaware court filings that the petition wasn't filed in good faith.
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July 01, 2025
White And Williams Atty Named Pashman Stein RE Co-Head
Pashman Stein Walder Hayden PC announced Tuesday that an experienced New Jersey-based attorney has joined the firm from White and Williams LLP as a partner and the co-chair of its commercial real estate practice.
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July 01, 2025
South African Investors Say Ga. Atty Kept Escrowed Funds
Four companies whose members are South African real estate investors have accused a now-disbarred Georgia attorney and his law firm in Georgia federal court of refusing to return funds he agreed to receive, hold and disburse on their behalf.
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July 01, 2025
King & Spalding Adds Alston & Bird Partner To Atlanta Office
King & Spalding has announced it hired a new partner from Alston & Bird who will join its real estate and funds team in Atlanta.
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July 01, 2025
Blackstone Can Raise Bid Amid Rival Offer For UK Investor
Blackstone said Tuesday it is examining whether to table a new bid for Warehouse REIT, a logistics investor based in the U.K., after its takeover target agreed to a £485.2 million ($668.2 million) deal with rival Tritax in June.
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June 30, 2025
Newsom Signs CEQA Reform, Aiming To Ease Housing Crisis
California Gov. Gavin Newsom on Monday evening signed into law two bills overhauling the state's landmark environmental law to knock down hurdles to new development in an effort to address the state's ongoing housing shortage.
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June 30, 2025
Aspen Hotel Investor Can't Get 2nd Go In $1M Fraud Suit
A Colorado federal judge on Monday dismissed the bulk of claims against a luxury hotel owner accused of stealing more than $1.3 million from a former investment partner, ruling that the claims have already been litigated in New York state court.
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June 30, 2025
NJ Lawmakers OK Tax Hikes On Online Gambling, Cigarettes
New Jersey lawmakers approved tax increases Monday on cigarettes, online gambling and certain property sales of more than $2 million alongside a $58.8 billion budget plan that also provides property tax credits for senior citizens.
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June 30, 2025
Alaskan Tribe Found Immune In Residents' Casino Fight
A federal judge has found that the Native Village of Eklutna is a required party in a lawsuit by Anchorage residents who oppose the construction of a 58,000-square-foot casino, but has simultaneously ruled the tribe can't be joined in the litigation due to its sovereign immunity.
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June 30, 2025
Developers File $11.1B Plan In Biggest NYC Casino Pitch
Developers Soloviev Group and Mohegan have submitted an $11.1 billion pitch for a vacant lot known as Freedom Plaza on the east side of Manhattan in the priciest bid to New York officials for one of three open downstate gaming licenses.
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June 30, 2025
Fla. Court Declines To Ax $70M 'Usurious' High-Rise Loan Suit
A Florida federal bankruptcy judge Monday declined to toss a Chapter 11 adversary lawsuit claim that a lender attempted to take ownership of a prized high-rise lot in downtown Miami through a "usurious" $70 million loan default, allowing parties to reargue their positions after an amended complaint was filed.
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June 30, 2025
Rite Aid Cleared To Sell Thrifty Ice Cream For $19.2M In Ch. 11
National pharmacy chain Rite Aid can sell its ice cream brand Thrifty for $19.2 million, more than doubling the opening price of a Chapter 11 auction, after a New Jersey bankruptcy judge on Monday rejected a losing bidder's request to reopen the auction.
Expert Analysis
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Investor Essentials For Buying Federally Owned Property
Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.
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How 2025 Is Shaping The Future Of Bank Mergers So Far
Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.
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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.