Commercial
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July 30, 2025
How Law Firms Are Winning The Succession Game
Law firms take great care to ensure their longevity. To develop leaders, they carefully identify, mentor and groom the next generation. While top firms can outspend them, some firms are finding alternatives to acquire and retain partners. In a bid to win the loyalty of key clients, firms are increasingly involving them in their lateral hiring processes.
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July 30, 2025
2nd Circ. Backs Live Well Founder's Bond Fraud Convictions
The Second Circuit affirmed convictions for Live Well's founder for inducing lenders to extend credit by jacking up bond valuations to increase its debt and borrow against it, ruling Wednesday jurors had enough evidence to determine he misrepresented the value of collateral to secure loans and did so with fraudulent intent.
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July 30, 2025
Maturing Proptech Sector Navigates Uncertain Times
The volatility in the global economy this year has generated uncertainty within just about every industry, with no exception for property technology. Nonetheless, this subsector of the tech industry finds itself on relatively solid footing and with an overall positive outlook, according to professionals closely tracking its development.
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July 30, 2025
U.S. Co. Defends $1B Suit Over Nixed LNG Facility In Canada
A U.S. company making a $1 billion claim against Canada over a stymied liquefied natural gas facility in Québec is urging an international tribunal not to toss the case on jurisdictional grounds, saying the country's objections are without merit.
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July 30, 2025
US Office Vacancy Rates Still Climbing, Colliers Says
Vacancy rates across the U.S. office market are still rising, reaching a record-high of 18.4% nationwide in the second quarter of 2025, even as new construction levels hit 10-year lows, per a report from Colliers.
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July 30, 2025
NYC Mayor Revives Bally's $4B Bronx Casino Bid
New York City Mayor Eric Adams vetoed a New York City Council vote that shot down gambling company Bally's Corp.'s bid to build a $4 billion resort and casino in the Bronx, saying Wednesday that a casino in the city "would bring good-paying union jobs and an economic boost to the surrounding community."
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July 30, 2025
Calif. Tribe Says 70-Acre Casino Land Fight Must Continue
The Federated Indians of Graton Rancheria are fighting a bid by a fellow California tribe to pause their challenge to the U.S. Department of the Interior's decision to take 70 acres into trust for a casino project while a sovereign immunity order is appealed to the Ninth Circuit.
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July 30, 2025
Truist Triggered Employee Exodus, Not Ex-Execs, Court Told
Three former executives who helmed the real estate finance arm of Truist Financial Corp. and their new employer are seeking a pretrial win in the bank's poaching case, telling a North Carolina state court judge they aren't to blame for Truist's alleged bad business decisions.
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July 30, 2025
Buddhist Group's Suit Against Everglades Project Advances
A Florida Buddhist center's suit against an Army Corps of Engineers project in the Everglades will continue after a district court judge determined the center plausibly argued that the potential impacts of the project's construction didn't become clear until at least 2022.
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July 30, 2025
Wiggin And Dana Adds Real Estate Partner From Polsinelli
Law firm Wiggin and Dana LLP said Vasiliki Yiannoulis-Riva has joined as partner from Polsinelli PC in its real estate, environmental, construction and facilities department.
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July 30, 2025
Family In Row With McCarter & English Wants $4.6M Set-Aside
A deceased Connecticut shopping mall developer's family members want McCarter & English LLP and the estate of Laurence Rubinow, a lawyer with connections to the firm, to set aside $4.6 million in case they prevail in a lawsuit alleging mismanagement of the developer's estate and trust.
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July 30, 2025
Rising Star: Jones Day's Garrett Gibson
Garrett Gibson of Jones Day has notched several wins in notable construction cases, including a high-stakes dispute between a major contractor for the oil and gas sector and a petrochemical manufacturer in Texas, earning him a spot among construction law practitioners under age 40 honored by Law360 as Rising Stars.
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July 30, 2025
Rising Star: Gibson Dunn's Eric Meer
Eric Meer of Gibson Dunn & Crutcher LLP guided RXR Realty through major recapitalizations and loan modifications on New York City office properties amid a tight rate environment as the Manhattan office market continued to take a beating, earning him a spot among the real estate practitioners under age 40 honored by Law360 as Rising Stars.
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July 30, 2025
Terreno Unloads Fla. Industrial Portfolio For $82.3M
Industrial real estate firm Terreno Realty Corp. said it has sold a portfolio of industrial properties in Doral, Florida, for $82.3 million.
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July 30, 2025
Cherry Hill Mortgage Adds New GC from NorthMark
Real estate investment trust Cherry Hill Mortgage Investment Corp. announced that it has appointed a new general counsel who joins the company following a five-year stint at investment firm NorthMark Strategies.
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July 30, 2025
RealPage, Landlords Ask To Toss NJ's Antitrust Case
RealPage and a group of building owners urged a New Jersey federal court to toss a case brought by state enforcers accusing them of scheming to use software to raise rents, calling it one in a series of "baseless" lawsuits that fails to allege there was any kind of conspiracy.
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July 30, 2025
Ore. Clarifies Info Disclosure For Enterprise Zone Tax Breaks
Oregon specified which of a business's records are exempt from disclosure when applying for an enterprise zone property tax exemption and clarified eligibility requirements under a bill signed by the governor.
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July 30, 2025
DLA Global Real Estate Leader Eyeing Data Center Investment
As investment funds reach the ends of their life cycles and have capital that must be deployed, funds are looking to pour that capital into U.S. data centers, among other asset classes, one of DLA Piper's global real estate leaders recently told Law360 Real Estate Authority.
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July 30, 2025
Calif. Residents Urge Justices To Take Up Jury Trial Question
A group of Humboldt County, California, property owners is urging the U.S. Supreme Court to take up the group's appeal over the dismissal of its Seventh Amendment claim for a jury trial in a suit against the county alleging the county wrongly targeted the owners for illegal cannabis growth, saying the justices should reject the county's argument that the question is not ripe.
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July 30, 2025
Blackstone, Rudin Employees Among Victims Of NY Shooting
A Blackstone real estate executive and an employee of property owner Rudin Management were among those killed in a mass shooting at a Midtown Manhattan office building on Monday.
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July 29, 2025
REIT Shareholders File 'Improper Lending' Suit Against Execs
Two Arbor Realty Trust Inc. shareholders hit several of the real estate investment trust's executives, including its president and CEO Ivan Kaufman, with a derivative suit on Tuesday alleging they made the REIT use "improper lending practices" that saddled the company "with a severely distressed loan portfolio."
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July 29, 2025
Mass. Tax Board Cuts Lowe's Property Valuation For 3 Years
A Lowe's store in Massachusetts was overvalued by town assessors for three years and is due reductions in property tax, the state's Appellate Tax Board said.
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July 29, 2025
Whitman Breed Says $6.5M Lease Current Despite Atty Exits
A member of Connecticut law firm Whitman Breed Abbott & Morgan LLC on Tuesday testified that all payments are current under a $6.5 million lease governing its Greenwich headquarters, disputing a landlord's bid for a $3.8 million asset freeze to ensure future payments amid a wave of attorney exits.
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July 29, 2025
Meet The Retired Michigan Federal Judge Joining JAMS
Sean F. Cox, the retired chief judge of the U.S. District Court for the Eastern District of Michigan who was part of the mediation team in Detroit's municipal bankruptcy, has joined alternative dispute resolution services provider JAMS.
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July 29, 2025
Verizon Inks Lease For HQ Move To Vornado's Penn 2 Tower
Vornado Realty Trust on Tuesday said telecommunications company Verizon will move its New York headquarters to the landlord's office tower above Penn Station.
Expert Analysis
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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.
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Reg Waiver Eases Calif. Rebuilding, But Proceed With Care
California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.
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Insurance Considerations For LA Wildfire Recovery
Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.
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LA Wildfires' Effect On Calif. Insurer Of Last Resort
Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.
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Public Corruption Enforcement In 2024 Has Clues For 2025
If 2024 activity is any indication, the U.S. Supreme Court will likely continue to rein in expansive prosecutorial theories of fraud in the year to come, but it’s harder to predict what the new administration will mean for public corruption prosecutions in 2025, says Cathy Fleming at Offit Kurman.
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Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
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What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.