Commercial
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December 01, 2025
NY Cannabis Regulators Says Town's Zoning Code Preempted
New York State Office of Cannabis Management told a New York federal court that a local town's zoning law at the heart of a dispute between the town and a licensed cannabis dispensary "is preempted and invalid" due to a prior state board decision.
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December 01, 2025
Browns Near $100M Deal With Cleveland Over Stadium Move
Due to a pending $100 million settlement, an Ohio federal judge decided Monday to extend a stay for a suit lodged by the Cleveland Browns against the city over the NFL team's planned stadium move.
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December 01, 2025
Carlton Fields, DLA Piper Guide Hotel Industry Merger
Carlton Fields PA and DLA Piper worked on a merger announced Monday that will bring hotel management company Waterford Hotel Group and hotel developer and operator Maverick Hotels & Restaurants together in a strategic partnership aimed at accelerating their growth.
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December 01, 2025
Developer Seeks $16.4M From Feds For Delayed ATF Project
A developer has filed a breach of contract lawsuit in the U.S. Court of Federal Claims, alleging delays and changes made by the General Services Administration for the design and build-out of a Bureau of Alcohol, Tobacco, Firearms and Explosives location in Florida lead to $16.4 million in increased expenses.
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December 01, 2025
Manhattan Office Availability Hits Lowest Level In 5 Years
Available office supply in Manhattan last month reached its lowest point since November 2020, a sign that the office market in the country's most populous city is seeing a strong recovery from the pandemic, according to a Colliers report Monday.
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December 01, 2025
CCA Seeks OK For Deal With Bahamas Developer Owed $1.6B
Chinese state-owned firm CCA Inc. asked a New Jersey bankruptcy judge to approve a settlement with a Bahamian resort developer whose $1.6 billion court win sent CCA into Chapter 11.
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December 01, 2025
State Board Advances 3 NYC Casino Plans Left Standing
A New York state panel on Monday endorsed a pair of proposals in Queens and another in the Bronx to win three downstate casino licenses, setting up final approval of the multibillion-dollar projects before the end of the year.
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December 01, 2025
2 Firms Steer Construction Services Firm's $242M IPO
Construction services firm Cardinal Infrastructure Group Inc., guided by Willkie Farr & Gallagher LLP, set a price range for an estimated $242 million initial public offering on Monday, and the IPO is being backed by lead underwriters Stifel Nicolaus & Co. Inc. and William Blair & Co. LLC, advised by Latham & Watkins LLP.
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December 01, 2025
Ill. Dept. Analyzes State Property Tax System Per 2024 Law
The Illinois Department of Revenue said Monday that it's conducting a study of the state's property tax system as required by a law enacted last year.
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November 26, 2025
Board Denies State Dept. Win In Contract Termination Row
The U.S. Civilian Board of Contract Appeals denied the U.S. Department of State's attempt to limit a construction company's monetary claim after the agency terminated its construction contract, saying there's too much uncertainty over the contract price.
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November 26, 2025
Title Co., Investor Must Split Blame In $13M Escrow Fraud Suit
A title company is partially liable for mishandling $13 million wired into escrow by an investor seeking a 50% ownership interest in a 17-hotel deal, a California federal judge ruled, finding that the title company owed the investor a duty of reasonable care.
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November 26, 2025
SF Island's Ex-Owner Refutes Wetlands Label At 9th Circ.
The former owner of an island in the San Francisco Bay is asking the Ninth Circuit to reverse a lower court ruling that he illegally destroyed "critical" wetlands without first receiving a Clean Water Act permit.
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November 26, 2025
RealPage Sues Over NY Rental Pricing Software Law
Property management software company RealPage sued New York's attorney general in federal court, alleging a recently passed state law to prevent building owners from using software to collude on residential rental rates is unnecessary and violates the First Amendment.
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November 26, 2025
11th Circ. Urged To Restore Cut To $17M Easement Deduction
The Internal Revenue Service disregarded U.S. Supreme Court precedent in arguing that the U.S. Tax Court was right to slash a partnership's $17 million tax deduction for donating a conservation easement, the partnership told the Eleventh Circuit.
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November 26, 2025
Brookfield, GIC Bid $2.6B For Australian Storage REIT
National Storage REIT confirmed that it has received a AU$4.06 billion ($2.61 billion) buyout offer from Brookfield Property Group and GIC Investment Pty Ltd, a deal guided by Clayton Utz and Ashurst.
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November 25, 2025
Private Equity Could Be Ace Of College Sports Real Estate
Private equity, long-established as a source of funding for professional sports, is now poised to make its entrance into college sports by fueling sports real estate and mixed-use districts adjacent to athletic facilities to generate revenue.
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November 25, 2025
New Complaint Says Ex-Execs Turned Steward Into 'Zombie'
Bankrupt hospital operator Steward Health has filed hundreds of millions in new claims in Texas bankruptcy court against its former CEO and other executives, including allegations that they orchestrated a sale-leaseback deal that rendered the business an insolvent "zombie."
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November 25, 2025
Investors Say Alexandria Overhyped Leasing, NYC Project
Alexandria Real Estate Equities Inc. investors filed suit in California federal court Tuesday, claiming the real estate investment trust overstated the strength of its leasing business and the projected value of a New York City property, causing the company's stock price to drop once the truth came to light.
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November 25, 2025
CIM Wraps Up $93M Loan For Boston Office, Retail Building
Lender, developer and property owner CIM Group completed a $93.1 million whole loan deal allowing borrower DivcoWest to acquire a 13-story, 245,000-square-foot Boston office and retail building, the company has announced.
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November 25, 2025
MVP: Simpson Thacher's Whitney Salinas
Whitney Salinas of Simpson Thacher & Bartlett LLP advised real estate investment behemoth Blackstone on myriad multibillion-dollar deals in the past year, including its $16.2 billion acquisition of AirTrunk, one of Asia Pacific's largest data center businesses, scoring her a place among the 2025 Law360 Real Estate MVPs.
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November 25, 2025
MVP: King & Spalding's Scott Greer
Scott Greer of King & Spalding LLP is advising Microsoft on a multibillion-dollar pursuit to develop data center infrastructure across the U.S. and has also guided a plethora of major construction projects for energy companies across the country, landing him a spot among the 2025 Law360 Construction MVPs.
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November 25, 2025
NYC Real Estate Week In Review
Attorneys with Greenberg Traurig LLP and Wachtel Missry LLP guided two of the largest property transactions in New York City over the past week, including one deal to set up development of an East Midtown site and another at the low-rise home of a pizza joint near Penn Station.
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November 25, 2025
3 Firms Guide $408M SF Hotel Sale From Receivership
Newbond Holdings and Conversant Capital announced Tuesday that the pair have acquired two of San Francisco's largest hotels in a $408 million deal, guided by Goodwin Procter, Jeffer Mangels and Duane Morris.
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November 24, 2025
NC Landowners Assert Right To Fight Gas Facility Rezoning
A group of landowners fighting the development of a liquid methane gas storage facility told a North Carolina state appeals court that they were deprived of their rights under state law because some neighboring properties were not properly notified of the rezoning.
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November 24, 2025
Bid To Halt Fla. Suit Over Trump Library Land Transfer Denied
A Florida state judge on Monday denied a bid to halt the proceedings of a lawsuit challenging the transfer of Miami Dade College land to construct the Donald J. Trump Presidential Library, citing the age of the retired professor who brought the complaint.
Expert Analysis
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Bid Protest Spotlight: Debriefings, Timeliness, Documentation
James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.
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A Look At Recent Case Law On Expedited Judgment In NY
A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.
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Dealmaker Lessons From CFIUS' New Enforcement Webpage
The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.
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Reassessing Lease Provisions To Account For ESG Initiatives
As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.
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Avoid Getting Burned By Agencies' Solar Financing Spotlight
Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.
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Co-Tenancy Clause Pointers For Shopping Center Landlords
Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.
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Assessing Algorithmic Versus Generative AI Pricing Tools
A comparison of traditional algorithmic pricing models and those powered by generative artificial intelligence can help regulators and practitioners weigh the pros and cons of relying on large language models to price products or services, say Maxime Cohen at McGill University, and Tim Spittle and Jimmy Royer at Analysis Group.
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Navigating A Potpourri Of Possible Transparency Act Pitfalls
Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.
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Keys To Successful Commercial Property Insurance Claims
Excerpt from Practical Guidance
While insurance needs for commercial leasing arrangements are driven by the characteristics of the premises and the nature of the tenants' intended operations, there are several universal best practices landlords and their counsel can follow when making claims after loss or damage.
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Tips For Handling Single Asset Real Estate Bankruptcy Cases
Excerpt from Practical Guidance
Bankruptcy counsel should consider several strategies when representing either a debtor or lender in single asset real estate debtor Chapter 11 cases, which generally arise when a debtor is forced to file for relief to stop an impending foreclosure sale.
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Increased Scrutiny Raises Int'l Real Estate Transaction Risks
Recently proposed regulations expanding the Committee on Foreign Investment in the United States' oversight, a White House divestment order and state-level legislative efforts signal increasing scrutiny of real estate transactions that may trigger national security concerns, say Luciano Racco and Aleksis Fernández Caballero at Foley Hoag.
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Portland's Gross Receipts Tax Oversteps City's Authority
Recent measures by Portland, Oregon, that expand the voter-approved scope of the Clean Energy Surcharge on certain retail sales eviscerate the common meaning of the word "retail" and exceed the city's chartered authority to levy tax, say Nikki Dobay at Greenberg Traurig and Jeff Newgard at Peak Policy.
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Proposed Law Would Harm NYC Hospitality Industry
A recently proposed New York City Law that would update hotel licensing and staff coverage requirements could give the city commissioner and unions undue control over the city's hospitality industry, and harm smaller hotels that cannot afford full-time employees, says Stuart Saft at Holland & Knight.