Commercial
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June 06, 2025
NJ Panel Revives Contract Row Between Pot Co., Landlord
A New Jersey state appeals court on Friday revived a Paterson property owner's suit against a would-be dispensary and its principals alleging they broke a deal to share profits from the dispensary, finding that the trial court wrongly conflated the contract's requirement for local approval with a cannabis license.
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June 06, 2025
11th Circ. Limits Easement Tax Break Tied To Failed Project
A Georgia partnership that formed after the failure of a resort development and donated a conservation easement in exchange for a tax break cannot take an $8.9 million deduction for the property's fair market value because the land was considered inventory, the Eleventh Circuit said Friday.
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June 06, 2025
LA Fire Victims Say AAA, USAA Left Many Unable To Rebuild
California homeowners accused AAA and USAA of systematically undervaluing the replacement cost of their homes all while advertising adequate coverage and financial security, telling a state court that many cannot now afford to replace or rebuild their homes following the wildfires in Los Angeles earlier this year.
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June 06, 2025
Husch Blackwell Adds 2nd Real Estate Partner In A Month
Husch Blackwell LLP hired a Cozen O'Connor shareholder as real estate partner for its real estate, development and construction team in its Dallas and Minneapolis offices, making this the firm's second real estate partner hiring since May, the firm announced.
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June 06, 2025
Bilzin Sumberg Guides $21M Miami Opportunity Zone Sale
Bilzin Sumberg Baena Price & Axelrod LLP advised Malaysian gaming company Genting Group on the $21 million sale of a downtown Miami development site to an opportunity zone fund from two real estate attorneys.
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June 06, 2025
Greenberg Traurig Adds Clifford Chance Private Funds Atty
Greenberg Traurig LLP said Friday that it has added Daniel F. Rayner to its corporate private funds group from Clifford Chance LLP.
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June 06, 2025
Conn. Appeals Court OKs Tax Penalty For Late Rental Form
The owner of a Connecticut commercial property was correctly charged a tax penalty for failing to submit a form disclosing rental income on time, a state appeals court said Friday.
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June 06, 2025
Taxation With Representation: Winston, Stibbe, Weil, Goodwin
In this week's Taxation With Representation, Chart Industries Inc. and Flowserve Corp. merge, Aedifica NV and Cofinimmo NV unite, Sanofi buys Blueprint Medicines Corp., and Kimberly-Clark Corp. sells a majority stake in its international tissue business to Suzano.
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June 06, 2025
Fox Rothschild Settles Suit Over $3M Real Estate Deal
Fox Rothschild LLP has settled a Colorado real estate investor's legal malpractice lawsuit over a $3 million development deal that went wrong, according to a new order filed in state court directing the parties to file for dismissal within a month.
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June 06, 2025
PE Firms Are Top Opportunity Zone Investors, Report Finds
A group tracking private equity activity said each of the 15 largest investors in the federal opportunity zone program are private equity firms, with Salt Lake City, Utah-based Bridge Investment Holdings topping the list with $3.7 billion in opportunity zone funds.
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June 06, 2025
Vornado Lands $675M Refi For Manhattan Apartment Complex
A Vornado Realty Trust joint venture obtained a five-year $675 million loan that refinances a 1,328-unit Manhattan apartment complex in the borough's Tribeca neighborhood, the company announced.
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June 05, 2025
Hotel Sector Gauges Headwinds As Busy Season Begins
As we approach the midpoint of 2025 and the start of the summer travel season, hotel owners, operators and investors are closely watching international travel, the president's trade policies and the Federal Reserve.
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June 05, 2025
Colliers Says Hotel Sector Recovery May Face 2025 Setback
Commercial broker Colliers said the U.S. hospitality sector stands at a crossroads following a recovery from the pandemic, with upscale properties showing resilience as lower-tier hotels demonstrate signs of struggle.
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June 05, 2025
Clark Hill Adds Morris Manning Real Estate Ace In Atlanta
A former Morris Manning & Martin LLP real estate partner is the latest attorney this year to join Clark Hill PLC and help grow an Atlanta office that opened nearly a year ago, the firm announced Wednesday.
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June 05, 2025
Shumaker Brings On RE Partner In Fla. From Johnson Pope
Shumaker Loop & Kendrick LLP announced Thursday that it's continuing its Sunshine State hiring spree with a new partner to its real estate, construction and development service line in St. Petersburg, Florida, from Johnson Pope Bokor Ruppel & Burns LLP.
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June 05, 2025
Chicago Fire Pitch $650M Arena For Vacant South Loop Site
The Chicago Fire soccer team has announced plans to build a $650 million stadium on a long-vacant site in the South Loop that was recently eyed for a new baseball stadium.
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June 04, 2025
States Take Aim At Healthcare REITs
State lawmakers seeking to curb healthcare investment models they see as harmful to patients have sharpened their focus on real estate investment trusts, putting forth bills to restrict their ownership of healthcare real estate or increase oversight of such transactions.
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June 04, 2025
Hospitality Law Leaders Parse Trade War Fallout
In this weekly Q&A series from Law360 Real Estate Authority, law firm hospitality leaders assess the issues the hotel space is facing amid market uncertainty and the ongoing trade war.
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June 04, 2025
NC Mall Owner Fails To Boost $1K Water Damage Award
A North Carolina mall property owner lost its bid to increase a paltry water damage award when a state appellate panel ruled Wednesday that the landlord failed to show sufficient evidence of damage from a neighboring property's stormwater runoff.
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June 04, 2025
Calif. Hotel Operator Seeks To Triple DIP In Ch. 11 To $19.5M
California hotel operator MOM CA Investco LLC asked a Delaware bankruptcy judge to increase its Chapter 11 financing by $14.5 million, up from the $5 million that has already been approved.
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June 04, 2025
What's Behind The Surge In Real Estate Secondaries Market
More and more investors are selling off their stakes in real estate funds to hungry buyers on the secondary market, a trend that attorneys attribute to more than just a need for cash.
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June 04, 2025
Boston Life Sciences Market Facing Downturn In 2025
The fundamentals of the metropolitan Boston life sciences market have "weakened" in the first three months of 2025, partially because available space is at "an all-time high," according to a report from Colliers.
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June 04, 2025
Pa. Brewery Co-Owner Claims Fraud Against Jailed Partner
A Pittsburgh-area business owner currently jailed for insurance and bankruptcy fraud is also accused of defrauding his former partner in a brewery and restaurant, including hiding the fact that the building the partner was renovating and living in was actually condemned, according to a lawsuit filed in state court.
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June 04, 2025
Amtrak Bribery Plot Nets Contractor Nearly 5-Year Sentence
A former executive for a masonry contractor who admitted to participating in a scheme that involved bribing an Amtrak manager to overbill the federal government $2 million in a $50 million restoration of Philadelphia's 30th Street Station was sentenced to 57 months in prison by a Pennsylvania federal court.
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June 04, 2025
Amazon Plots $10B North Carolina Data Center Expansion
Amazon on Wednesday said it plans to invest $10 billion in data center infrastructure for artificial intelligence and cloud computing on a campus in rural North Carolina.
Expert Analysis
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How 3D Printing And Prefab Are Changing Construction
The growing popularity of trends like 3D printing technology and prefabrication in the construction industry have positive ramifications ranging from reducing risks at project sites to streamlining construction schedules, say Josephine Bahn and Jeffery Mullen at Cozen O'Connor.
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A Deep Dive Into High Court's Permit Fee Ruling
David Robinson and Daniel Golub at Holland & Knight explore the U.S. Supreme Court's recent ruling that a local traffic impact fee charged to a California property owner may be a Fifth Amendment taking — and where it leaves localities and real estate developers.
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What To Consider When Buying RE Promissory Notes
In light of recent distress in the real estate market, note purchases — in which an investor buys a promissory note and mortgage rather than actual property — can be a worthwhile alternative to traditional investments, but require careful contemplation of unique risks and strategic considerations, say Douglas Praw and Katelyn DeMartini at Holland & Knight.
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Consider 2 Alternative Exit Plans In RE Distress Scenarios
In the face of an impending wave of foreclosures, lenders and borrowers alike should consider two exit strategies — deed-in-lieu of foreclosure and consent foreclosure — that can mitigate potential costs and diminution in property value that could be incurred during a lengthy proceeding, say attorneys at BCLP.
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SEC Climate Rules Create Unique Challenges For CRE
The U.S. Securities and Exchange Commission's recently adopted final rules concerning climate-related disclosures for public companies are likely to affect even real estate companies that are not publicly traded, since they may be required to provide information to entities that are subject to the rules, says Laura Truesdale at Moore & Van Allen.
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New Proposal Signals Sharper Enforcement Focus At CFIUS
Last week's proposed rule aimed at broadening the Committee on Foreign Investment in the United States' enforcement authority over foreign investments and increasing penalties for violations signals that CFIUS intends to continue expanding its aggressive monitoring of national security issues, say attorneys at Kirkland.
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How Retail Tenants Can Avoid Paying Rent Prematurely
When negotiating leases for spaces in shopping centers, retail tenants should ensure that the language specifies they only need to begin paying rent when the center is substantially occupied as a whole, as it can be difficult to modify leases that are executed without co-tenancy requirements or termination rights, say Joshua Bernstein and Benjamin Joelson at Akerman.
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Weisselberg's Perjury At Trial Spotlights Atty Ethics Issues
Former Trump Organization executive Allen Weisselberg’s recent guilty plea for perjury in the New York attorney general's civil fraud trial should serve as a reminder to attorneys of their ethical duties when they know a client has lied or plans to lie in court, and the potential penalties for not fulfilling those obligations, say Hilary Gerzhoy and Julienne Pasichow at HWG.
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Climate Disclosure Mandates Demand A Big-Picture Approach
As carbon emissions disclosure requirements from the European Union, California and the U.S. Securities and Exchange Commission take effect, the best practice for companies is not targeted compliance with a given reporting regime, but rather a comprehensive approach to systems assessment and management, says David Smith at Manatt.
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Trump's NY Civil Fraud Trial Spotlights Long-Criticized Law
A New York court’s recent decision holding former President Donald Trump liable for fraud brought old criticisms of the state law used against him back into the limelight — including its strikingly broad scope and its major departures from the traditional elements of common law fraud, say Mark Kelley and Lois Ahn at MoloLamken.
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$175M Bond Refiled By Trump Is Still Substantively Flawed
The corrected $175 million bond posted by former President Donald Trump on Thursday to stave off enforcement of the New York attorney general's fraud judgment against him remains substantively and procedurally flawed, as well as inadequately secured, says Adam Pollock of Pollock Cohen.
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Calif. Ruling Shows Limits Of Exculpatory Lease Clauses
A California court's recent decision in Epochal Enterprises v. LF Encinitas Properties, finding a landlord liable for failing to disclose the presence of asbestos on the subject property, underscores the limits of exculpatory clauses' ability to safeguard landlords from liability where known hazards are present, say Fawaz Bham and Javier De Luna at Hunton.
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Payment Provision Lessons From NJ Construction Ruling
A New Jersey appellate court's decision in Bil-Jim v. Wyncrest, holding that an American Institute of Architects contract was not an installment contract, highlights both the complexities of statute of limitations calculations and the significant consequences that can arise from minor differences in contract language, say Mitchell Taraschi and Zac Brower at Connell Foley.