Commercial
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September 03, 2025
Lifestyle Office Goes Beyond Ping Pong Tables
Lifestyle offices, which are easily reachable by multimodal transit and surrounded by around-the-clock amenities like entertainment options, green space, retail offerings and luxury housing, command leasing and pricing premiums over comparable traditional office buildings, according to an industry report.
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September 03, 2025
Stradley Ronon Adds Ex-Brandywine Atty To Philly Office
An attorney specializing in advising clients on real estate transactions has returned to private practice after nearly five years as an in-house attorney, joining Stradley Ronon Stevens & Young LLP in its Philadelphia office.
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September 03, 2025
Real Estate Fund Sponsors Loosen Reins In Sluggish Market
While transaction activity in the real estate fundraising market picked up in the first half of the year, fund managers have been giving more control to some of their biggest investors as a way to help alleviate their uncertainties over liquidity and U.S. tariff policies.
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September 03, 2025
Wells Fargo Urges Court To OK Receiver's $17M Hotel Sale
Wells Fargo pressed a Maryland federal court on Wednesday to approve a receiver's $17 million sale of two Baltimore hotels currently owned by borrowers it says defaulted on a $52.4 million loan, for which it has initiated a lawsuit.
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September 03, 2025
Norway Sovereign Wealth Fund Pays $543M For NYC Property
Norwegian sovereign wealth fund Norges Bank Investment Management will pay $542.6 million for a 95% interest in a more than 1-million-square-foot Manhattan office building in the borough's Midtown neighborhood, the fund announced.
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September 03, 2025
Taconic Sells NYC Office Property At $164M Discount
Frenkel Hershkowitz & Shafran LLP guided Taconic Partners' sale of a New York City office property to an affiliate of David Werner Real Estate Investments for $105 million, a steep discount from the property's $269 million price tag when the property last traded hands in 2018.
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September 03, 2025
2 Firms Advise $300M Investment In Shopping Center REIT
Charleston, South Carolina-based retail owner Bond Street Real Estate Investment Trust said Wednesday that it has attracted a $300 million commitment from private equity firm Conversant Capital in an investment advised by Allen Matkins Leck Gamble Mallory & Natsis LLP and Fried Frank Harris Shriver & Jacobson LLP.
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September 03, 2025
Texas Bill Would OK More Sales Tax For Property Tax Relief
Texas would allow local governments to impose supplemental sales and use tax to raise additional revenue for property tax relief if the sales and use tax is approved by voters under a bill introduced in the state House of Representatives.
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September 03, 2025
SL Green Nabs Former Brooks Brothers Flagship For $160M
SL Green Realty Corp. announced a deal to buy the site of the former Brooks Brothers flagship store and an adjacent office building from the former head of the brand in a $160 million deal.
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September 02, 2025
Linklaters, Sidley Guide $540M Infrastructure Co. Stake Deal
Macquarie Asset Management Inc. paid $540 million to Dow Inc. for an additional 9% equity stake in Diamond Infrastructure Solutions in a deal steered by Linklaters LLP and Sidley Austin LLP, it was announced on Tuesday.
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September 02, 2025
11th Circ. Affirms Slashing Ex-Braves' $47M Easement Break
A $47 million conservation easement deduction for a partnership founded by two former Atlanta Braves players was overvalued, the Eleventh Circuit affirmed Tuesday, saying none of the partnership's arguments undermined the U.S. Tax Court's finding that the easement property was worth far less than it claimed.
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September 02, 2025
Bankrupt Calif. Developer Seeks OK For Extra DIP From City
SilverRock Development asked a Delaware bankruptcy judge for permission to take out up to $2 million in additional Chapter 11 financing from the California city it had planned to build a resort in, saying it needs the funds to wind down its Chapter 11 case.
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September 02, 2025
Simpson Thacher Guides Blackstone's $5.5B Fund
Blackstone announced Tuesday that it has closed on its latest infrastructure secondaries fund guided by Simpson Thacher & Bartlett LLP after raising $5.5 billion, noting that it is the largest such fund in the world raised to date.
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September 02, 2025
Bankruptcy Judge Nixes Bedmar's Delaware Two-Step Ch. 11
A Delaware bankruptcy judge has thrown out the Chapter 11 case of Bedmar LLC, a subsidiary of pharmaceutical manufacturing company National Resilience HoldCo Inc., finding that the case was filed for a "tactical advantage" and not in good faith.
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September 02, 2025
NYC Real Estate Week In Review
Fried Frank and Krauss Legal are among the law firms that landed work on the largest New York City real estate deals to hit public records last week, a period that saw multiple large Brooklyn trades.
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September 02, 2025
Etude Capital Acquires 9-Property Storage Portfolio For $166M
Austin, Texas-based self-storage owner Etude Capital said Tuesday that it has acquired a group of nine self-storage properties in Northern and Southern California and Las Vegas, Nevada, for a combined $166 million.
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September 02, 2025
Hines Picks Ex-Cantor Fitzgerald Atty For GC Position
Global real estate firm Hines announced Tuesday that it's hired a former executive managing director and general counsel for financial company Cantor Fitzgerald as its new general counsel, chief compliance officer and managing partner in its New York City office.
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September 02, 2025
Real Estate Trio Join Winstead In NY, Nashville
Texas firm Winstead PC announced Tuesday that three experienced real estate attorneys have joined its real estate practice as shareholders based in Nashville, Tennessee, and New York.
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September 02, 2025
Texas Mall Settles $7.3M Hailstorm Coverage Dispute
A Texas shopping center owner told a federal court Tuesday that it has "amicably" settled its dispute with insurers for roughly $7.3 million in hail damage it incurred, roughly three months after it took them to court.
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September 02, 2025
CoStar Hotel Reports Lack Data For Price-Fixing, Judge Says
CoStar and a group of hotel companies escaped from a putative antitrust class action when a Washington federal judge drew a distinction between the use of hotel industry benchmarking data and algorithmic rental pricing software of the sort at issue in litigation against Yardi Systems Inc.
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September 02, 2025
NJ Judge Tosses REIT Shareholders' Liquidation Suit
A New Jersey federal judge has rejected a proposed class action filed by shareholders accusing several real estate investment trusts and other parties of misleading them in order to avoid liquidating the REITs, ruling the claims must be thrown out without prejudice.
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August 29, 2025
NJ Casinos Say 9th Circ. Ruling Backs Axing Price-Fixing Suit
A group of Atlantic City casino-hotel owners have asked the Third Circuit to review a recent decision in the Ninth Circuit involving "nearly identical" antitrust claims related to the same software the defendants in both suits used to allegedly orchestrate inflated room rates across a given area.
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August 29, 2025
RICO, Fraud Claims Tossed In LA Real Estate Investment Suit
A Georgia federal court has determined that fraud and racketeering claims from a group of Chinese and American investors in a real estate investment suit alleging a group of fraudsters duped them out of millions of dollars with bogus representations are barred by merger clauses and federal securities regulations.
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August 29, 2025
NY Town Officials Let Mosque Land-Use Deal Fizzle
A Long Island town has backed out of a settlement with a mosque that had accused local officials of leaning on land-use laws to thwart its redevelopment plans, an about-face the town blamed on traffic concerns but the mosque has attributed to public backlash.
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August 28, 2025
Katrina's Insurance Lessons Ever Relevant 20 Years Later
Hurricane Katrina's landfall in New Orleans 20 years ago was an unprecedented catastrophe that resulted in financial consequences and insurance lessons that are more relevant today than ever, as fossil fuel-induced climate change promises more intense storms, experts say.
Expert Analysis
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Why NY May Want To Reconsider Its LLC Transparency Law
Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.
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How GSA Lease Clauses May Affect DOGE Terminations
The Department of Government Efficiency has begun to cut the U.S. General Services Administration's enormous real estate portfolio, but some standard lease clauses include limits helpful to landlords that may slow progress toward the administration's cost-cutting goals, say attorneys at Pillsbury.
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What SDNY Judge Can And Can't Do In Adams Case
The federal judge in the Southern District of New York overseeing the criminal case against New York City Mayor Eric Adams deferred making a decision on the government's motion to dismiss the indictment, and while he does have limited authority to deny the motion, that would ultimately be a futile gesture, says Ethan Greenberg at Anderson Kill.
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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.