Commercial
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November 25, 2025
Private Equity Could Be Ace Of College Sports Real Estate
Private equity, long-established as a source of funding for professional sports, is now poised to make its entrance into college sports by fueling sports real estate and mixed-use districts adjacent to athletic facilities to generate revenue.
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November 25, 2025
New Complaint Says Ex-Execs Turned Steward Into 'Zombie'
Bankrupt hospital operator Steward Health has filed hundreds of millions in new claims in Texas bankruptcy court against its former CEO and other executives, including allegations that they orchestrated a sale-leaseback deal that rendered the business an insolvent "zombie."
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November 25, 2025
Investors Say Alexandria Overhyped Leasing, NYC Project
Alexandria Real Estate Equities Inc. investors filed suit in California federal court Tuesday, claiming the real estate investment trust overstated the strength of its leasing business and the projected value of a New York City property, causing the company's stock price to drop once the truth came to light.
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November 25, 2025
CIM Wraps Up $93M Loan For Boston Office, Retail Building
Lender, developer and property owner CIM Group completed a $93.1 million whole loan deal allowing borrower DivcoWest to acquire a 13-story, 245,000-square-foot Boston office and retail building, the company has announced.
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November 25, 2025
MVP: Simpson Thacher's Whitney Salinas
Whitney Salinas of Simpson Thacher & Bartlett LLP advised real estate investment behemoth Blackstone on myriad multibillion-dollar deals in the past year, including its $16.2 billion acquisition of AirTrunk, one of Asia Pacific's largest data center businesses, scoring her a place among the 2025 Law360 Real Estate MVPs.
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November 25, 2025
MVP: King & Spalding's Scott Greer
Scott Greer of King & Spalding LLP is advising Microsoft on a multibillion-dollar pursuit to develop data center infrastructure across the U.S. and has also guided a plethora of major construction projects for energy companies across the country, landing him a spot among the 2025 Law360 Construction MVPs.
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November 25, 2025
NYC Real Estate Week In Review
Attorneys with Greenberg Traurig LLP and Wachtel Missry LLP guided two of the largest property transactions in New York City over the past week, including one deal to set up development of an East Midtown site and another at the low-rise home of a pizza joint near Penn Station.
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November 25, 2025
3 Firms Guide $408M SF Hotel Sale From Receivership
Newbond Holdings and Conversant Capital announced Tuesday that the pair have acquired two of San Francisco's largest hotels in a $408 million deal, guided by Goodwin Procter, Jeffer Mangels and Duane Morris.
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November 24, 2025
NC Landowners Assert Right To Fight Gas Facility Rezoning
A group of landowners fighting the development of a liquid methane gas storage facility told a North Carolina state appeals court that they were deprived of their rights under state law because some neighboring properties were not properly notified of the rezoning.
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November 24, 2025
Bid To Halt Fla. Suit Over Trump Library Land Transfer Denied
A Florida state judge on Monday denied a bid to halt the proceedings of a lawsuit challenging the transfer of Miami Dade College land to construct the Donald J. Trump Presidential Library, citing the age of the retired professor who brought the complaint.
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November 24, 2025
MoFo, Gibson Dunn Steer $541M Hudson Yards Buy
Morrison Foerster and Gibson Dunn guided Mori Trust's blockbuster $541 million acquisition of the lower floors of 35 Hudson Yards from partners Related Companies and Oxford Properties Group, MoFo announced on Monday.
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November 24, 2025
SITE Centers Closes $263.6M Sale Of Four Shopping Centers
SITE Centers Corp. has closed a $263.6 million sale of four shopping centers located in New Jersey, Ohio and Pennsylvania, the open-air shopping centers owner and operator announced.
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November 24, 2025
NJ Panel Orders Arbitration In Jersey City Real Estate Dispute
A New Jersey appellate court on Monday affirmed a lower court's arbitration order for several counterclaims in a dispute involving a Jersey City apartment project, ruling that the counter-defendants didn't previously waive their right to arbitrate the counterclaims.
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November 24, 2025
NJ Towns Want Housing Provision Paused Amid Pending Suit
Elected officials challenging a provision of New Jersey's new affordable housing framework have asked a Garden State federal court to preserve their municipalities' current zoning as they await the outcome of their pending suit.
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November 24, 2025
Fla. Firm Haber Law Elevates 3 Attys To Partner Amid Growth
Miami-based Haber Law promoted three attorneys to its partnership after seeing growth in its Miami-Dade, Broward and Palm Beach markets.
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November 24, 2025
Doctor Liable For Rent On Ex-NFL Player's Concussion Clinic
A Florida neurologist who partnered with a former National Football League player to start a concussion clinic in Massachusetts can't dodge more than $100,000 in unpaid rent and interest owed by the defunct venture, an intermediate state appellate court said.
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November 24, 2025
La. Panel Axes Parishes' Premature Appeal Of Property Value
A Louisiana state appeals court tossed a challenge that four parishes lodged against the state Tax Commission's valuation of an energy company's property, saying the appeals were filed before the commission issued an appealable ruling.
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November 24, 2025
Guam Bill Would Create Amnesty Program For Overdue Taxes
Guam would establish an amnesty program to provide for the waiver of penalties and interest on delinquent corporate and individual income taxes, property taxes and other outstanding tax liabilities under a bill introduced in its unicameral Legislature.
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November 21, 2025
3 Firms Guide American Healthcare REIT's Public Offering
American Healthcare REIT Inc., guided by Sidley Austin LLP, announced a public offering for 8.1 million of its common stock shares, which are underwritten by Paul Hastings LLP-led RBC Capital Markets in a deal partially guided by Venable LLP, according to a U.S. Securities and Exchange Commission filing.
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November 21, 2025
Feds Aim To Put Sackett Into Practice With New Water Rules
After the U.S. Supreme Court's 2023 ruling in Sackett v. EPA set new boundaries for which bodies of water are subject to federal oversight, the Trump administration is rolling out rulemaking to put into effect the court's more limited vision.
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November 21, 2025
Overwatch Capital, Idemitsu Reveal AI Data Center Partnership
Investment platform Overwatch Capital and Japanese energy company Idemitsu Kosan Co. Ltd. will work together to build "next-generation, energy-resilient AI data centers" in Utah, Georgia, Texas, Illinois, Nevada, South Carolina, Pennsylvania, Ohio, Arizona and Colorado, Overwatch said on Thursday.
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November 20, 2025
Subletting Co. Settles NYC's Illegal STR 'Matchmaker' Claims
A subletting company has agreed to resolve claims that it was used as a "'matchmaker'" of sorts for advertising and setting up illegal short-term rentals in New York City, the Mayor's Office of Special Enforcement announced.
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November 20, 2025
NoMo SoHo Hotel Owner Seeks $125M Sale In Ch. 11
A New York bankruptcy judge agreed Thursday to approve sale procedures for the insolvent owner of the NoMo SoHo Hotel in Manhattan, setting it on a path to wrap up the process in just 20 days.
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November 20, 2025
NC Hotel Owner Says Insurer Botched Tornado Damage Claim
An insurer failed to conduct a meaningful investigation of a North Carolina hotel's claim for tornado damage, the property owner alleged in a suit removed to federal court, saying the insurer issued a "puzzling" coverage denial referencing damage at a property 150 miles away and a workplace injury in Florida.
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November 20, 2025
Phillips 66 Loses Appeal Of La. Refinery's $1 Billion Value
Phillips 66 cannot use the sale of a refinery in another state in its arguments for lowering the $1 billion assessment of a refinery in Louisiana, a state appeals court said, rejecting the company's appeal of the valuation.
Expert Analysis
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How CFIUS' Updated Framework Affects Global Investors
The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.
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Foreclosing Lenders Still Floating In Murky Legal Waters In NY
The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.
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NYC Hotel Licensing Law's Costs May Outweigh Its Benefits
A hotel licensing bill recently approved by New York's City Council could lead to the loss of many nonunionized hotels that cannot afford to comply, says Stuart Saft at Holland & Knight.
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Calif. Ruling Offers Hope For Mitigated Negative Declarations
In Upland Community First v. City of Upland, a California appeals court upheld a warehouse development's mitigated negative declaration over its greenhouse gas emissions thresholds — a rare victory against this type of challenge providing reassurance that such declarations can be upheld, say attorneys at Sheppard Mullin.
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There's No Crying In Property Valuation Baseball Arbitration
The World Series is the perfect time to consider how the form of arbitration used for settling MLB salary disputes — in which each side offers competing valuations to an arbitrator, who must select one — is often ideal for resolving property valuation disputes, say Sean O’Donnell at Herrick Feinstein and Mark Dunec at FTI Consulting.
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Webuild Ruling Complicates Arb. Award Enforcement In US
A Delaware federal court's recent decision in Sociedad Concesionaria Metropolitana de Salud v. Webuild, if read literally, could undercut the United States' image as a proarbitration jurisdiction by complicating creditors' efforts to enforce awards against property in this country, says Jeff Newton at Omni Bridgeway.
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How To Avoid A Costly CPA Limitation Hidden In Most Leases
The lease audit rights clause is a seemingly innocuous provision in most commercial real estate leases that ends up costing tenants millions of dollars each year, as they have unwittingly agreed to retain only an accountant to investigate and settle financial issues, says Jason Aster at KBA Lease Services.
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Navigating FEMA Grant Program For Slope Fixes After Storms
In the aftermath of Hurricanes Helene and Milton, it is critical for governments, businesses and individuals to understand the legal requirements of the Federal Emergency Management Agency's grant programs to obtain funding for crucial repairs — including restoration of damaged infrastructure caused by landslides and slope failures, says Charles Schexnaildre at Baker Donelson.
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Smith's New Trump Indictment Is Case Study In Superseding
Special counsel Jack Smith’s recently revised Jan. 6 charges against former President Donald Trump provide lessons for prosecutors on how to effectively draft superseding indictments in order to buttress or streamline their case, as necessary, says Jessica Roth at Cardozo Law School.
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Consider Best Legal Practices For Commissioning Public Art
Commissioning public art for real estate projects can provide many benefits to real estate developers and the public, but it's important to understand the unique legal and contracting aspects of the process to ensure that projects are completed on time and on budget, says Sarah Conley Odenkirk at ArtConverge.
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Applying High Court's Domestic Corruption Rulings To FCPA
After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.
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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.