Commercial
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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.
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July 23, 2025
SL Green Sees Smaller NYC Office Leases In More Submarkets
SL Green Realty Corp. executives reported shifts in Manhattan leasing activity on a second-quarter earnings call, attesting to a rise in midsize leases and an expansion in leasing activity outside of core Park Avenue and Grand Central submarkets.
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July 23, 2025
DiamondRock Wraps Up $1.5B Loan, Credit Facility Refi
DiamondRock Hospitality Company "refinanced, upsized and extended" the maturity dates of several multimillion-dollar term loans and a revolving credit facility, which are all part of a senior unsecured credit facility that's been increased from $1.2 billion to $1.5 billion, the hotel-focused real estate investment trust announced on Wednesday.
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July 23, 2025
Why Private REITs Are Having A Moment
Investments in private real estate investment trusts are surging, and that trend may strengthen as state regulators mull limiting investments in other, quasi-public REITs, while securities regulators have recently eased accreditation requirements for investors raising private capital.
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July 23, 2025
US Gov't Has Eyes On Farmland, Paul Weiss Atty Says
Real estate transaction attorneys should heed the federal government's growing focus on farmland for national security reviews and understand the associated risks, even if their client is a U.S. buyer, according to a practice group leader at Paul Weiss Rifkind Wharton & Garrison LLP.
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July 22, 2025
Haynes And Boone Guides $145M Swanky Tribeca Hotel Refi
The entity behind a luxury hotel in New York City's Tribeca neighborhood landed a $145 million refinancing for the property from affiliates of Goldman Sachs, which includes $100 million of new equity, according to documents filed in country property records by Haynes and Boone LLP.
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July 22, 2025
Whitman Breed Asked To Set Aside $3.8M Amid Lease Fears
Connecticut law firm Whitman Breed Abbott & Morgan LLC should set aside $3.8 million to satisfy its landlord's fears that a wave of departures has rattled the firm's finances and may jeopardize its lease of a 16,000-square-foot Greenwich office, a property manager testified Tuesday.
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July 22, 2025
NJ Requires State Buyback Of Unused Tax Credits
New Jersey's tax agency will be required to purchase certain unused tax credits for real estate development projects under a bill Democratic Gov. Phil Murphy signed Tuesday.
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July 22, 2025
Maynard Nexsen Brings On 8-Atty Atlanta Real Estate Firm
Maynard Nexsen PC announced Tuesday that it has merged with Atlanta-based real estate firm Miller Lavoie LLP, bringing on eight attorneys to the firm's national footprint to strengthen its real estate investment, development and financing expertise as the firm CEO says they're "hyper-focused on growing our Atlanta presence."
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July 22, 2025
Bridge Logistics Nabs $84M Calif. Industrial Portfolio
Bridge Logistics Properties has acquired a three-building, 332,793-square-foot industrial portfolio in Fontana, California, for $83.5 million, the logistics real estate investment manager announced Tuesday.
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July 22, 2025
Midwest Office Market Cools From Early 2025 Spike
Leasing activity across the Midwest office market in the second quarter of 2025 moderated from an optimistic first quarter, with "muted" net absorption and an increasing vacancy rate, per a report from CBRE.
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July 22, 2025
EQT Pays $241M For Mapletree Sunbelt Warehouse Portfolio
Mapletree Investments said it has sold an industrial portfolio spanning 2.4 million square feet in Georgia, Florida and Texas to EQT Real Estate for $241.2 million.
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July 22, 2025
Ore. Extends Brownfield Development Tax Breaks
Oregon extended its program of local property tax incentives for brownfield development by six years under a bill signed by the governor.
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July 21, 2025
Tax-Lien Biz Atty Tells Jury He Didn't Seek To Dupe Lender
Counsel for a former compliance lawyer accused of pilfering from a $20 million line of credit extended to his tax-lien investment firm told a Manhattan federal jury Monday that the defendant was "sloppy," but never intended fraud.
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July 21, 2025
Stadium Deal Still On Despite Trump Threat, DC Officials Say
The mayor and City Council chair of Washington, D.C., said on Monday that they were focusing on their roles in approving the $3 billion plan for a new stadium for the NFL's Commanders, regardless of President Donald Trump's weekend threat to kill the deal if the team's racist former nickname was not brought back.
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July 21, 2025
Judge Allows Calif. Tribe In Casino Suit, Denies Dismissal Bid
A California tribe at the center of a dispute over a decision to take 70 acres into trust for its proposed Sonoma County hotel and casino project can intervene in the litigation, a federal judge said, while finding that the Indigenous nation cannot dismiss the case based on sovereign immunity.
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July 21, 2025
Peachtree Group Launches $250M Distressed Hotel, CRE Fund
Peachtree Group said Monday that it launched a $250 million fund to target distressed hotel and other commercial real estate assets squeezed by a lack of market liquidity instead of business fundamentals.
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July 21, 2025
Strict Construction Rules Could Gut Solar, Wind Credits
The U.S. Treasury Department could severely weaken the availability of the solar and wind energy tax credits that were scaled back under Republicans' new budget law with upcoming guidance that may upend long-standing construction rules used to determine eligibility.
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July 21, 2025
NYC Real Estate Week In Review
Seyfarth Shaw and Paul Weiss are among the law firms that picked up work on the largest New York City real estate deals that hit public records last week, a busy period that saw nine deeds above the $20 million mark become public.
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July 21, 2025
South Florida GSA Leases Could See Major Cuts By 2026
The General Services Administration "could easily" cancel its leases for more than 1 million square feet of South Florida space by the end of 2026, according to commercial real estate adviser Avison Young.
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July 21, 2025
Ore. Nixes Property Tax Break For Illegal Marijuana Farms
Oregon farmland will be disqualified from an agricultural property tax break if its owner is found growing marijuana illegally, under legislation signed into law.
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July 21, 2025
NY Cleaners Seek $30K In Atty Fees, Costs In Wage Suit Deal
Cleaners who reached a $75,000 deal to end their suit accusing a real estate investment company and its subsidiary of unpaid wages told a New York federal court their attorneys should receive nearly $30,000 in fees and expenses.
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July 21, 2025
Vornado Nabs $450M Refi For NYC Office Tower
Vornado Realty Trust landed a $450 million refinancing of a midtown Manhattan office building after chipping in $50 million to pay down a previous loan that was set to mature in October, in a deal led by Hunton Andrews Kurth LLP.
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July 21, 2025
REIT To Advance £630M Sale After Shareholder Consultation
PRS REIT said Monday that it will proceed with a formal sales process, including discussions with investor Long Harbour which has made a £631 million ($850 million) bid, after the investor in the private rented sector consulted its shareholders.
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July 18, 2025
Law360 Names 2025's Top Attorneys Under 40
Law360 is pleased to announce the Rising Stars of 2025, our list of more than 150 attorneys under 40 whose legal accomplishments belie their age.
Expert Analysis
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Criminal Enforcement Considerations For Gov't Contractors
Government contractors increasingly exposed to criminal liability risks should establish programs that enable detection and remediation of employee misconduct, consider voluntary disclosure, and be aware of the potentially disastrous consequences of failing to make a mandatory disclosure where the government concludes it was required, say attorneys at Crowell & Moring.
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The Often Overlooked NY Foreclosure Notice Requirements
As multifamily real estate defaults mount, New York foreclosing parties should be aware of pitfalls and perils that can await the litigant who is not prepared to ensure adherence with tenant notice requirements under the Real Property Actions and Proceedings Law, say Christopher Gorman and John Muldoon at Rosenberg & Estis.
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A Case Study For Calif. Cities In Water Utility Takeovers
With growing water scarcity and drier weather looming, some local governments in California have sought to acquire investor-owned water utilities by eminent domain — but the 2016 case of Claremont v. Golden State Water is a reminder that such municipalization attempts must meet certain statutory requirements, say attorneys at Nossaman.
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Lower Courts May Finally Be Getting The Memo After Ciminelli
A year after the U.S. Supreme Court again limited prosecutors' overbroad theories of fraud in Ciminelli v. U.S., early returns suggest that the message has at least partially landed with the lower courts, spotlighting lessons for defense counsel moving forward, says Kenneth Notter at MoloLamken.
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A Framework For Investigating Commercial Loan Fraud
As commercial loan transactions are increasingly subject to sophisticated fraud schemes, lenders must adopt dynamic strategies to detect, investigate and mitigate these schemes, say attorneys at Baker Donelson.
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Yellow Corp. Lease Assumption Shows Landlord Protections
Yellow Corp.’s recent filing of a motion to assume unexpired leases is a helpful reminder to practitioners to maintain a long-term approach about what is most beneficial for an estate and to not let a debtor's short-term cash position dictate business decisions, says Kyle Arendsen at Squire Patton.
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How A Bumblebee Got Under Calif. Wildlife Regulator's Bonnet
A California bumblebee's listing as an endangered species could lead to a regulatory quagmire as California Department of Fish and Wildlife permits now routinely include survey requirements for the bee, but the regulator has yet to determine what the species needs for conservation, says David Smith at Manatt.
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The Clock Is Ticking For Fla. Construction Defect Claims
Ahead of the fast-approaching July 1 deadline for filing construction defect claims in Florida, Sean Ravenel at Foran Glennon discusses how the state's new statute of repose has changed the timeline, and highlights several related issues that property owners should be aware of.
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It's Time To Defuse The Ticking Time Bomb Of US Landfills
After recent fires at landfills in Alabama and California sent toxic fumes into surrounding communities, it is clear that existing penalties for landfill mismanagement are insufficient — so policymakers must enact major changes to the way we dispose of solid waste, says Vineet Dubey at Custodio & Dubey.
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Ohio Tax Talk: The Legislative Push For Property Tax Relief
As Ohio legislators attempt to alleviate the increasing property tax burden, four recent bills that could significantly affect homeowners propose to eliminate replacement property tax levies, freeze property taxes for longtime homeowners, adjust homestead exemptions annually for inflation, and temporarily expand the homestead exemption, say Raghav Agnihotri and Rachael Chamberlain at Frost Brown.
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Tips For Advising CRE Owners Affected By Houston Storms
As Houston residents begin the arduous process of recovery after this month's devastating storms, attorneys should guide commercial real estate owners and managers toward immediate action under their insurance coverage to facilitate restoration and a return to normalcy, says Justin Ratley at Munsch Hardt.
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How Real Estate Cos. Can Protect Their IP In The Metaverse
The rise of virtual and augmented reality creates new intellectual property challenges and opportunities for real estate owners, but certain steps, including conducting a diligence investigation to develop an understanding of current obligations, can help companies mitigate IP issues in the metaverse, says George Pavlik at Levenfeld Pearlstein.
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Ga. Law Creates Challenges For Foreign Ownership Of Land
Under Georgia's new law limiting certain foreign possessory interests in agricultural land and land near military properties, affected foreign persons and entities will need to do significantly more work in order to ensure that their ownership remains legal, say Nellie Sullivan and Lindsey Grubbs at Holland & Knight.