Commercial
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July 24, 2025
3 Firms Advise $1.1B Deal To Take Office REIT Private
Canada-based City Office REIT said Thursday that it has agreed to be acquired by an affiliate of hedge fund Elliott Investment in a take-private deal valued at $1.1 billion and advised by DLA Piper, Hogan Lovells and Gibson Dunn & Crutcher LLP.
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July 23, 2025
Vietnamese Investors Seek Funds Back From EB-5 Project
Fourteen Vietnamese nationals have sued a Virginia law firm and its head attorney, seeking to cancel their $500,000 investments in a hotel redevelopment project after the federal government said it was denying their petitions for conditional permanent residency.
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July 23, 2025
Elsberg Baker Signs Empire State Building Lease
Elsberg Baker & Maruri PLLC has inked a 39,237-square-foot lease that allows it to occupy one whole floor and a partial floor of the Empire State Building, according to Empire State Realty Trust Inc., the real estate investment trust that owns the world-famous New York City landmark.
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July 23, 2025
Tendit Accuses Ex-CEO Of Illegally Raising Rent Before Exit
A facility services company sued its former CEO this week in Colorado state court, aiming to void a lease she created with her real estate business a day before resigning that increased the company's rent by more than $7,000 per month.
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July 23, 2025
DC Co. Sues Société Générale Over $29M Loan Deal
A District of Columbia property owner has accused Société Générale Financial Corp. in D.C. federal court of violating an agreement related to a $29 million refinancing loan when the bank corporation refused to fund the loan after realizing that it couldn't find a favorable secondary market buyer for the loan.
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July 23, 2025
Life Sciences Recovery Waits On Rate Relief, Alexandria Says
Even as executives with Alexandria Real Estate Equities touted its largest ever build-to-suit project at a San Diego megacampus and downplayed the effects of recent tariff announcements, they told investors the real estate investment trust is still waiting for "desperately needed" interest rate relief.
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July 23, 2025
Charter School Funder's Creditor Blasts Ch. 11 Depo Bid
Charter School Capital Inc.'s largest unsecured creditor has asked a Delaware bankruptcy judge to throw out the debtor's bid to depose its principal, arguing the request is "obvious retaliation against" the investor's attempt to slow the charter school funding firm's proposed sale process.
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July 23, 2025
8th Circ. Denies Bar Owner Coverage For Ex-Husband's Arson
An insurer for a Minnesota bar has no duty to cover a nearly $2 million fire intentionally caused by one of the owners, the Eighth Circuit ruled, rejecting the other co-owner's argument that the "innocent co-insured doctrine" extended to the bar's corresponding corporate entities.
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July 23, 2025
Ex-Real Estate Finance Pro Tapped For OCC Chief Of Staff
President Donald Trump's top national bank regulator has hired a new chief of staff, bringing on a former federal housing finance official from the private sector to help steer policy coordination and internal operations at the Office of the Comptroller of the Currency, the agency said Wednesday.
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July 23, 2025
NJ Power Broker Blasts AG's Bid To Revive RICO Case
Garden State power broker George E. Norcross III on Wednesday urged a New Jersey appeals court to affirm the dismissal of the state's explosive racketeering indictment, arguing the trial court was right to toss the charges because there are no factual allegations in the indictment that amount to a crime.
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July 23, 2025
Rising Star: King & Spalding's Almiro Clere
Almiro Clere of King & Spalding LLP has advised Dubai's Department of Economy and Tourism on what planners say will be the world's largest artificial reef off Dubai, where 1 billion corals will live on a marine bed the size of New York City, earning him a spot among the construction law practitioners under age 40 honored by Law360 as Rising Stars.
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July 23, 2025
Rising Star: Ropes & Gray's Anthony Mongone
Anthony Mongone of Ropes & Gray LLP has earned the trust of some of the world's largest real estate investors to guide them through complex, large-scale deals, such as Blackstone's acquisition of 20% of Signature Bank's $16.8 billion mortgage loan portfolio after the bank's failure, earning him a spot among the real estate law practitioners under age 40 honored by Law360.
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July 23, 2025
Perkins Coie Guides $154M NYC Hotel Sale
An entity connected to hospitality management and ownership company GF Hotels & Resorts sold off a New York City hotel to an entity connected to real estate company Hawkins Way Capital, in a $154.5 million deal advised by Perkins Coie LLP, according to official property records.
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July 23, 2025
Pa. Trial Court Must Redo Properties' Valuations, Ruling Says
A Pennsylvania trial court incorrectly changed the valuation of two taxpayers' properties and overstepped its authority when it combined the assessments of the taxpayers and the city, the Commonwealth Court ruled.
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July 23, 2025
SL Green Sees Smaller NYC Office Leases In More Submarkets
SL Green Realty Corp. executives reported shifts in Manhattan leasing activity on a second-quarter earnings call, attesting to a rise in midsize leases and an expansion in leasing activity outside of core Park Avenue and Grand Central submarkets.
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July 23, 2025
DiamondRock Wraps Up $1.5B Loan, Credit Facility Refi
DiamondRock Hospitality Company "refinanced, upsized and extended" the maturity dates of several multimillion-dollar term loans and a revolving credit facility, which are all part of a senior unsecured credit facility that's been increased from $1.2 billion to $1.5 billion, the hotel-focused real estate investment trust announced on Wednesday.
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July 23, 2025
Why Private REITs Are Having A Moment
Investments in private real estate investment trusts are surging, and that trend may strengthen as state regulators mull limiting investments in other, quasi-public REITs, while securities regulators have recently eased accreditation requirements for investors raising private capital.
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July 23, 2025
US Gov't Has Eyes On Farmland, Paul Weiss Atty Says
Real estate transaction attorneys should heed the federal government's growing focus on farmland for national security reviews and understand the associated risks, even if their client is a U.S. buyer, according to a practice group leader at Paul Weiss Rifkind Wharton & Garrison LLP.
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July 22, 2025
Haynes And Boone Guides $145M Swanky Tribeca Hotel Refi
The entity behind a luxury hotel in New York City's Tribeca neighborhood landed a $145 million refinancing for the property from affiliates of Goldman Sachs, which includes $100 million of new equity, according to documents filed in country property records by Haynes and Boone LLP.
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July 22, 2025
Whitman Breed Asked To Set Aside $3.8M Amid Lease Fears
Connecticut law firm Whitman Breed Abbott & Morgan LLC should set aside $3.8 million to satisfy its landlord's fears that a wave of departures has rattled the firm's finances and may jeopardize its lease of a 16,000-square-foot Greenwich office, a property manager testified Tuesday.
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July 22, 2025
NJ Requires State Buyback Of Unused Tax Credits
New Jersey's tax agency will be required to purchase certain unused tax credits for real estate development projects under a bill Democratic Gov. Phil Murphy signed Tuesday.
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July 22, 2025
Maynard Nexsen Brings On 8-Atty Atlanta Real Estate Firm
Maynard Nexsen PC announced Tuesday that it has merged with Atlanta-based real estate firm Miller Lavoie LLP, bringing on eight attorneys to the firm's national footprint to strengthen its real estate investment, development and financing expertise as the firm CEO says they're "hyper-focused on growing our Atlanta presence."
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July 22, 2025
Bridge Logistics Nabs $84M Calif. Industrial Portfolio
Bridge Logistics Properties has acquired a three-building, 332,793-square-foot industrial portfolio in Fontana, California, for $83.5 million, the logistics real estate investment manager announced Tuesday.
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July 22, 2025
Midwest Office Market Cools From Early 2025 Spike
Leasing activity across the Midwest office market in the second quarter of 2025 moderated from an optimistic first quarter, with "muted" net absorption and an increasing vacancy rate, per a report from CBRE.
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July 22, 2025
EQT Pays $241M For Mapletree Sunbelt Warehouse Portfolio
Mapletree Investments said it has sold an industrial portfolio spanning 2.4 million square feet in Georgia, Florida and Texas to EQT Real Estate for $241.2 million.
Expert Analysis
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The Story Of 2024's Biggest Bank Regs, And Their Fate In 2025
U.S. federal bank regulators were very active in 2024 with initiatives ranging from antitrust and capital to proposals regarding controlling shareholders and incentive-based compensation, but many regulations face an uncertain future under the new administration, say attorneys at Latham.
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2024 IPO Market Trends, And What To Expect Next Year
The initial public offering market returned to historically typical levels on a deal count basis in 2024 but continued to lag based on proceeds raised due to a larger number of smaller IPOs this year, and signs point to continued ongoing momentum in the next year, say attorneys at Paul Hastings.
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Adapting Force Majeure To A Predictably Unpredictable World
As the climate and political landscapes get more complicated, force majeure provisions will likely be triggered increasingly often, demanding an evolving understanding of when events and their impacts are truly unforeseeable, say attorneys at Nossaman.
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Impact Of Corporate Transparency Act Ambiguity On Banks
Even though banks generally needn't file beneficial ownership information reports, financial institutions must continue to monitor the status of the Corporate Transparency Act and understand its requirements in case the nationwide injunction that was issued against the CTA earlier this month is overturned, say attorneys at Armstrong Teasdale.
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Green Projects Face States' Foreign Land Ownership Limits
As states impose restrictions and disclosure requirements around foreign investment in agricultural land — in some cases piggybacking on existing federal rules — renewable energy developers and investors must pay close attention to how the rules vary, says Daniel Fanning at Husch Blackwell.
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How Landlords Can Navigate Cannabis-Related Leases
As the cannabis industry continues to rapidly grow, landlords should consider a variety of lease terms and operational details that may help mitigate uncertainty involving federal laws, zoning restrictions and tax implications, says Kyla Baker at Holland & Knight.
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Lights, Camera, Real Estate: Preparing For Film Facility M&A
As the entertainment industry struggles to recover from multiple strikes and a decline in production, certain aspects of selling or acquiring production facilities may become important to consider, as these assets are valued very differently from typical commercial real estate properties, say attorneys at Olshan Frome.
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Corporate Liability Issues To Watch In High Court TM Case
The U.S. Supreme Court will hear arguments in a trademark dispute between Dewberry Group and Dewberry Engineers next week, presenting an opportunity for the court to drastically alter the fundamental approach to piercing the corporate veil, or adopt a more limited approach and preserve existing norms, say attorneys at Bracewell.
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Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream
As shown by ongoing legal battles involving New York City Mayor Eric Adams and Sean “Diddy” Combs, it’s challenging for defendants to obtain relief when they believe the government leaked sensitive information to the media, but defense counsel can take certain steps to mitigate the harm, says Kenneth Notter at MoloLamken.
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A Legal Perspective On NYC's Retail Real Estate Evolution
As New York City's retail market begins to show signs of resilience after the challenges of recent years, landlords must be cognizant of legal implications from shifting trends toward shorter-term leases and pop-up stores, says Andrea Gendel at Pryor Cashman.
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What Interest Rate Cuts Mean For Housing Markets
The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.
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How CFIUS' Updated Framework Affects Global Investors
The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.
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Foreclosing Lenders Still Floating In Murky Legal Waters In NY
The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.