Commercial
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December 05, 2025
Investor Says Data Co. Stake Bought In $40B Acquisition
Chicago-based GEM Realty Capital Inc. said its equity investment in Aligned Data Centers is set to be purchased in a record-setting $40 billion acquisition announced last month by a consortium of companies, including Nvidia, BlackRock, Microsoft, BlackRock and an Elon Musk Artificial Intelligence venture.
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December 05, 2025
Best Use Of Macy's Property Is As Store, Minn. Court Says
The highest and best use for a Macy's property in Minnesota is its continued function as an anchor department store in a shopping mall, the state tax court said, declining to amend the valuations it previously found.
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December 05, 2025
Pebblebrook Sells Chicago Hotel In $72M Deal
Pebblebrook Hotel Trust announced that it sold a 752-room hotel in downtown Chicago for $72 million to an unnamed third-party, adding that it plans to use sale proceeds for general corporate purposes.
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December 05, 2025
Long Island Real Estate Co. Files For Ch. 11 With $35M Debt
Long Island-based real estate holding company Giapreet LLC filed for Chapter 11 in a New York bankruptcy court with just over $35 million in liabilities.
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December 05, 2025
Office Owner SL Green Targets NYC Assets With $1.3B Fund
Office landlord SL Green Realty Corp. said Friday that it has closed a $1.3 billion oversubscribed fund targeting assets in New York City.
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December 05, 2025
American Bridge Loses Seattle Convention Center Dispute
A Washington federal judge has found American Bridge Co. "solely responsible" for months of delays in a Seattle convention center project, concluding that the firm botched a steel work subcontract from the start and broke its promises to the general contractor, a joint venture between Clark Construction Group and Lease Crutcher Lewis.
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December 04, 2025
OFAC Fines Real Estate Firm $7M Over Sanctions Violations
The Department of the Treasury's Office of Foreign Assets Control fined a New York property management company more than $7 million for allegedly violating Russian sanctions by receiving payments on behalf of a company owned by a sanctioned Russian oligarch.
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December 04, 2025
Workers Snag Partial Collective In Management Co. OT Suit
Three workers can proceed as a limited collective in their suit accusing a land management company of cheating them out of overtime pay, a Maryland federal judge ruled, saying that they failed to support their claims on a nationwide basis.
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December 04, 2025
Mt. Hawley Nabs Full Win In Citibank Landlord's Coverage Bid
A New York federal court handed Mt. Hawley Insurance Co. a complete win over a Bronx property owner's claim that the insurer had a duty to defend it from a suit brought by a security guard who tripped in a Citibank parking lot.
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December 04, 2025
Goldberg Segalla Adds New Special Counsel To NYC Office
Goldberg Segalla LLP has hired an experienced commercial litigation attorney as special counsel for its real estate litigation and title disputes team in New York City, the firm recently announced.
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December 04, 2025
2 Firms Guide Discounted $133M NYC Office Tower Sale
Holland & Knight LLP and Higgins & Brancheau LLC guided the $133 million sale of a Manhattan office property, which saw a Clarion Partners LLC affiliate offload the property for less than half of its 2018 purchase price.
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December 04, 2025
Over 2 Dozen Countries Commit To Property Tax Transparency
A group of 26 jurisdictions committed on Dec. 4 to adopting a framework developed by the Organization for Economic Cooperation and Development to facilitate the exchange of real estate information among tax authorities.
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December 04, 2025
KKR-Led Group Sells Stake In Tokyo Hotel, Plus More Rumors
A group led by private equity behemoth KKR sold its stake in a luxury Tokyo hotel for $800 million, Blackstone is considering dropping its bid for British self-storage company Big Yellow Group, and Australian metals and mining company BHP Group offered to buy British mining company Anglo American for £40 billion ($53 billion) before nixing its offer.
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December 03, 2025
Cannon Hill, TriPost Team Up, Eye $1.5B In Office Acquisitions
King & Spalding LLP and Hunton Andrews Kurth LLP provided counsel as New York-based firms Cannon Hill Capital Partners and TriPost Capital Partners entered into a partnership aimed at acquiring up to $1.5 billion in "strategic office assets" over the next three years.
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December 03, 2025
Citibank Says Developer Can't Blame It For $45M Wire Scam
Citibank NA has urged a California federal judge to toss a suit by a real estate developer who accidentally wired $45 million in home-purchase funds to a fraudster after receiving spoofed escrow emails.
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December 03, 2025
Mineral Rights At Former Mo. Gas Station Ruled Worthless
A convenience store company's interest in mineral rights it retained when it sold a gas station property are correctly valued at $0 and not taxable, the Missouri Court of Appeals ruled, upholding decisions of a trial court and the state's tax commission.
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December 03, 2025
Mich. Judge Tosses Crypto Cos' $6.8M Travelers Fire Suit
A Michigan federal judge on Wednesday dismissed a lawsuit from two cryptocurrency mining companies that alleged Travelers Insurance Co. and Northfield Insurance Co. exacerbated their building's fire loss through the claim handling process, finding the issues in this case were fully litigated in a separate action in which the insurance policy was deemed void.
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December 03, 2025
Monitor Will Stay In Place In $1B Broad Street Fraud Case
A private equity firm accused by the U.S. Securities and Exchange Commission of defrauding investors in a $1 billion fund lost its bid Wednesday to discharge the court-appointed monitor overseeing its books when a Florida federal judge rejected arguments that the monitor was acting in bad faith.
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December 03, 2025
Investcorp Buys 35-Property Industrial Portfolio For $400M
Investcorp has paid $400 million to acquire a 35-property, 2.6 million-square-foot U.S. industrial real estate portfolio that consists of properties in six states, the alternative investment firm announced.
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December 03, 2025
UMB Bank Gets Partial Win In $80M Hard Rock Hotel Dispute
UMB Bank NA has been granted wins on some of its claims in a suit regarding a failed $80 million Hard Rock Hotel development project, with a Kansas federal court ruling that claims it did not properly reimburse the project developer's costs have already been decided in Minnesota court.
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December 03, 2025
Okla. Cos. Hit Simon Property Group With Antitrust Suit
A group of Oklahoma-based companies accused retail-focused real estate investment trust Simon Property Group Inc. of waging "an anticompetitive campaign" to take down their competing mixed-use project in Oklahoma City.
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December 03, 2025
K&L Gates Deepens Its CMBS Servicer Attorney Bench
K&L Gates LLP announced Wednesday that it has brought on two experienced real estate finance attorneys whose practices focus on advising commercial mortgage-backed securities servicers.
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December 03, 2025
MVP: Sullivan & Cromwell's Ralston Turbeville
Ralston Turbeville, a partner in Sullivan & Cromwell's real estate practice, guided Tishman Speyer's $3.5 billion refinancing of Rockefeller Center as well as the company's $2.85 billion refinancing of the Spiral in Hudson Yards, earning him a spot as one of the 2025 Law360 Real Estate MVPs.
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December 03, 2025
QuadReal, LaSalle Ink Deal On $495M US Industrial Portfolio
Canada-based QuadReal Property Group has announced real estate-focused LaSalle Investment Management will take a minority stake as part of a deal to recapitalize a $495 million U.S. industrial portfolio.
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December 03, 2025
Texas Firm Polunsky Beitel Hires Mortgage-Focused Tech Chief
Texas law firm Polunsky Beitel & Green LLP has announced the hiring of a former technology lead at Codvo.ai and Wells Fargo as its chief technology officer, as it seeks to expand its use of artificial intelligence and automation.
Expert Analysis
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Annual Report Shows CFIUS Extending Its Reach In 2024
The recently released 2024 annual report from the Committee on Foreign Investment in the United States reveals record civil penalties and enhanced internal capabilities, illustrating expanding jurisdiction and an increasing appetite for enforcement actions, says Nathan Fisher at StoneTurn.
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Navigating The New Playbook For SBA 504 Loans
As the U.S. Small Business Administration 504 loan program’s relevance grows amid climbing foreclosure activity, regulatory changes and a notable ruling from the Eighth Circuit are reshaping origination and workout strategies, highlighting the need for a national framework to improve resolutions, protect recoveries and support small businesses, says Casey Sieck at Day Pitney.
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Assessing Strategies For Mixed-Use Pro Sports Projects
Counsel managing mixed-use sports and entertainment districts must combine expertise ranging from stadium-arena finance to municipal law to public relations into a unified strategy, and a series of practice tips can aid project management from inception to completion, say attorneys at Katten.
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4 Questions For Insureds To Overcome Flood Exclusions
In a year of record flash flooding in the U.S., affected policyholders, who may assume that their policy's flood exclusion precludes recovery for losses, should look to the many factually and legally nuanced cases presenting pathways to coverage, says Micah Skidmore at Haynes Boone.
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Opportunity Zone Overhaul Is Good News For Investors
Recently enacted reforms making the qualified opportunity zone program permanent, restoring the basis step-up for capital gains and adding flexibility to the zone designation process enhance the program’s appeal for long-term investment, says Steven Hadjilogiou at McDermott.
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Texas High Court Decision Could Reshape Contract Damages
The Texas Supreme Court recently held that an order of specific performance for a real property transaction doesn't preclude a damage award, establishing a damages test for this scenario while placing the onus on lower courts to correctly determine the proper remedies and quantum of damages, say attorneys at Fried Frank.
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A Guide To Army Corps Appeals As Wetlands Definition Shifts
Two years after the Supreme Court's Sackett decision, the definition of federal wetlands is about to change again, making it an apt time to review the process by which developers can appeal an Army Corps of Engineers jurisdictional determination, says Bryan Peeples at Pender & Coward.
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Navigating The Complexities Of NYC Waterfront Development
More than a dozen city, state and federal agencies share oversight of New York City's waterfront, presenting developers and their counsel with both challenges and opportunities to shape the regional and national economy, say attorneys at HSF Kramer.
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New NY Residential Real Estate Rules May Be Overbroad
New legislation imposing a 90-day-waiting period and tax deduction restrictions on certain New York real estate investors may have broad effects and unintended consequences, creating impediments for a wide range of corporate and other transactions, says Libin Zhang at Fried Frank.
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11 Essential Questions When Reviewing Hurricane Insurance
As we approach peak hurricane season, business owners must understand critical coverage elements, policy limitations and claim procedures of their commercial property hurricane insurance policies to protect their operations effectively, says Carlton Wilde at Bracewell LLP.
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6 Questions We Should Ask About The Trump Trade Deals
Whenever the text becomes available, certain questions will help determine whether the Trump administration’s trade deals with U.S. trading partners have been crafted to form durable economic relationships, or ephemeral ties likely to break upon interpretive disagreement or a change in political will, says Ted Posner at Baker Botts.
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Utilizing Rep And Warranties Insurance In CRE Transactions
With insurance and commercial real estate legal trends suggesting that representations and warranties insurance is likely to grow substantially in the next several years, CRE buyers and sellers should learn how such insurance can help resolve conflicting positions during transaction negotiations, say attorneys at Troutman.
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Recent Decisions Caution Against Broad Indemnity Provisions
Two recent decisions in disparate jurisdictions are reminders that businesses and practitioners should be mindful of contractual indemnity rights and draft indemnity provisions that enhance the predictability of enforceability without being overly broad, says Gregory Jaske at Olshan Frome.