Commercial
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December 18, 2025
$10B Verdict Hinges On Witness Order, Katyal Tells Panel
Milbank's Neal Katyal urged a California state appellate panel to grant a new trial to a man who lost an estimated $10 billion verdict when a jury found he violated an oral agreement with his brothers over a real estate empire, saying the witness order violated a civil procedure rule.
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December 18, 2025
NY Regulators Back Dispensary Against Local Zoning
The New York State Office of Cannabis Management is putting its weight behind a Long Island dispensary's bid seeking to invalidate a township's zoning ordinance requiring such businesses to secure special permissions before operating, saying the local regulations are preempted by state cannabis law.
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December 18, 2025
Judge Clears Path For Trump Library Land Transfer
A Florida state judge on Thursday dissolved an injunction blocking the transfer of Miami-Dade College-owned land to the state for the Donald J. Trump Presidential Library and dismissed the suit challenging the transfer.
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December 18, 2025
Hilton's $70M Tax Value Cut Appealed To Minn. Supreme Court
Drops in the tax valuations of a Hilton hotel and convention center in Minneapolis, including a $70 million cut during one year, were wrongly ordered by the Minnesota Tax Court, the local assessor said, urging the state Supreme Court to review the case.
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December 18, 2025
NFL's Bears Dangle Ind. Move As Ill. Stadium Plans Stall
The Chicago Bears will consider locations for a proposed new stadium outside the city, including in Indiana, because Illinois lawmakers have not supported their plan for suburban Arlington Heights, team President Kevin Warren said.
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December 18, 2025
Latham, Debevoise Steer Howard Hughes' $2.1B Vantage Buy
Texas-based Howard Hughes Holdings Inc., led by Latham & Watkins LLP, on Thursday announced plans to acquire private equity-backed specialty insurance and reinsurance company Vantage Group Holdings Ltd., advised by Debevoise & Plimpton LLP, in a $2.1 billion deal.
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December 17, 2025
AI Bolstered Proptech Development, Growth In 2025
Amid the ongoing frenzy over artificial intelligence, the property technology sector showed signs of maturing in 2025 along with an upswing in investments.
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December 17, 2025
Hotel Sector Navigates Uneven Recovery In 2025
While the hotel sector in 2025 welcomed signs of normalization after whipsaw results during the past five years, headwinds generated by an uncertain economy and other events stalled any hopes of a breakout year, BigLaw hospitality group leaders told Law360 Real Estate Authority.
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December 17, 2025
LSU Districts' Taxes Challenged For Not Getting Voter OK
A former Louisiana councilperson filed a suit against two economic improvement districts associated with Louisiana State University on Wednesday, saying the jurisdictions failed to get taxpayer approval before raising sales taxes.
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December 17, 2025
Fed. Circ. Says Biz Can Recover Damages For Building Loss
The Federal Circuit revived an Illinois business's claim on Wednesday for $460,000 in damages after the U.S. Army Corps of Engineers revoked the company's lease to operate a wedding and event venue at a Carlyle Lake recreation center and took its building.
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December 17, 2025
NYC Real Estate Week In Review
Tarter Krinsky & Drogin LLP, Paul Hastings LLP, Sheppard Mullin Richter & Hampton LLP and DLA Piper were among the law firms that advised the biggest New York City real estate deals in deed filings last week, including two office buildings in Manhattan that sold for over $200 million.
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December 17, 2025
Boston Accused Of Retaliating Over Property Tax Appeals
The city of Boston retaliated against commercial property owners that appealed their valuations to a state board by unlawfully boosting those valuations, an owner said in a proposed class action filed Wednesday in Massachusetts state court.
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December 17, 2025
Katten Guides $163M Refi Of Recently Renovated NYC Office
Bromley Cos. secured a $163.4 million refinancing of a recently renovated Class A office asset in New York City anchored by Microsoft and Chime offices, a deal guided by Katten Muchin Rosenman LLP.
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December 17, 2025
2 Firms Advise On $1.1B Canadian Last-Mile Warehouse JV
The Canada Pension Plan Investment Board and Dream Industrial Real Estate Investment Trust said on Dec. 17 they have formed a $1.1 billion joint venture to acquire last-mile industrial properties in major Canadian markets, in a deal advised by Stikeman Elliott LLP and King & Spalding LLP.
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December 17, 2025
A Blockbuster Year For Data Centers
Booming demand drove an explosive year for growth in the data center sector in 2025, with deals getting larger, more multifaceted and more complex for legal teams to pull off.
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December 17, 2025
Philly Agency Sued Over Police Officers' Brain Cancer
A public development corporation in Philadelphia has been sued by a city police officer and the estates of two deceased officers who developed brain cancer allegedly from toxic chemicals present in a converted Army building used as the police department's narcotics unit headquarters.
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December 17, 2025
2 Defendants In Landmark NY Corruption Case Ink Plea Deals
New York federal prosecutors have reached plea agreements with two criminal defendants involved in a landmark U.S. Supreme Court case that narrowed the scope of public corruption prosecutions, according to court filings Wednesday.
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December 17, 2025
Blackstone Seals $5B Partnership With Israeli Asset Manager
Israel-based asset management and insurance company Phoenix Financial on Wednesday announced that it has entered into a strategic partnership with Simpson Thacher & Bartlett LLP-led private equity giant Blackstone under which the Israeli firm will invest up to $5 billion across a range of credit strategies.
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December 17, 2025
The Top Trademark Decisions Of 2025
The U.S. Supreme Court vacated a trademark infringement award that reached nearly $47 million and found nonparties couldn't be on the hook for the amount, while the Federal Circuit reproached a trademark tribunal for its handling of a man's attempt to register the F-word. Here are Law360's picks for the biggest trademark decisions of 2025.
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December 16, 2025
What Real Estate Pros Learned About Office Sector In 2025
High-end office buildings with amenities in desirable markets rebounded in 2025, and firms are now competing to lock in space, even as investors look for opportunities in a sector that's still challenged.
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December 16, 2025
Bain Capital, 11North Raise $1.6B For Open-Air Retail Platform
Bain Capital Real Estate and 11North Partners announced Tuesday that the pair has raised $1.6 billion from new and existing investors for their open-air, retail-focused operating platform.
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December 16, 2025
Katten Guides Morgan Stanley On $211M LAX Industrial Buy
Morgan Stanley said it has paid $211 million to acquire a last-mile delivery distribution facility near Los Angeles International Airport leased to a major e-commerce retailer, with Katten Muchin Rosenman LLP advising.
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December 16, 2025
Kering, Ardian Form $900M JV At Luxury NYC Property
French luxury group Kering said Tuesday it has completed another real estate joint venture with private equity firm Ardian, expanding a partnership launched earlier this year with a $900 million deal for a Fifth Avenue retail property in New York City.
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December 15, 2025
Ex-Vornado CEO Says Latham Loan Error Proved 'Disastrous'
Guarantors of a $152 million loan for a Miami hotel said its lender is exploiting an error made by the borrower's attorney, a practice leader at Latham & Watkins, to collect fees "in perpetuity" under a guaranty and extract a $60 million settlement, according to counterclaims filed Sunday in New York state court.
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December 15, 2025
NY Board Approves 3 New Casino Licenses In NYC
The New York State Gaming Commission granted three casino licenses to New York City for projects proposed in Queens and the Bronx, finalizing a tiered license system tied to the size of applicants' investments.
Expert Analysis
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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.
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How Real Estate Funds Can Leverage Del. Statutory Trusts
Over the last two years, traditional real estate fund sponsors have begun to more frequently adopt Delaware Statutory Trust programs, which can help diversify capital-raising strategies and access to new sources of capital, among other benefits, say attorneys at Polsinelli.
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What 9th Circ. Ruling Shows About Rebutting SEC Comments
The Ninth Circuit's June opinion in Pino v. Cardone Capital suggests that a company's lack of pushback to a U.S. Securities and Exchange Commission comment may be evidence of its state of mind for evaluating potential liability, meaning companies should consider including additional disclosure in SEC response letters, say attorneys at Barnes & Thornburg.
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2 NY Cases May Clarify Foreclosure Law Retroactivity
Two pending cases may soon provide the long-awaited resolution to the question of whether retroactive application of the New York Foreclosure Abuse Prevention Act violates the state Constitution, providing a guide for New York courts inundated with motions in foreclosure and quiet title actions, says Fernando Rivera Maissonet at Hinshaw & Culbertson.
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A Look At Florida's New Protected Series LLC Legislation
A new law in Florida enhances the flexibility of using limited liability companies as the entities of choice for most privately held businesses, moving Florida into a small group of states with reliable uniform protected series legislation for series LLCs, says Louis Conti at Holland & Knight.
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How Trump's Trade Policies Are Shaping Foreign Investment
Five months into the Trump administration, investors are beginning to see the concrete effects of the president’s America First Investment Policy as it presents new opportunities for clearing transactions more quickly, while sustaining risk aversion related to Chinese trade and potentially creating different political risks, say attorneys at Covington.
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Bill Leaves Renewable Cos. In Dark On Farmland Reporting
A U.S. Senate bill to update disclosure requirements for foreign control of U.S. farmland does not provide much-needed guidance on how to report renewable energy development on agricultural property, leaving significant compliance risks for project developers, say attorneys at Hodgson Russ.
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Observations On 5 Years Of Non-Notified CFIUS Inquiries
Since 2020, the Committee on Foreign Investment in the United States has identified and investigated covered cross-border transactions not formally notified to CFIUS, and a look at data from 50 non-notified matters during that time reveals the general dynamics of this enforcement function, say attorneys at Cooley.