Commercial
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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.
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July 22, 2025
Ore. Extends Brownfield Development Tax Breaks
Oregon extended its program of local property tax incentives for brownfield development by six years under a bill signed by the governor.
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July 21, 2025
Tax-Lien Biz Atty Tells Jury He Didn't Seek To Dupe Lender
Counsel for a former compliance lawyer accused of pilfering from a $20 million line of credit extended to his tax-lien investment firm told a Manhattan federal jury Monday that the defendant was "sloppy," but never intended fraud.
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July 21, 2025
Stadium Deal Still On Despite Trump Threat, DC Officials Say
The mayor and City Council chair of Washington, D.C., said on Monday that they were focusing on their roles in approving the $3 billion plan for a new stadium for the NFL's Commanders, regardless of President Donald Trump's weekend threat to kill the deal if the team's racist former nickname was not brought back.
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July 21, 2025
Judge Allows Calif. Tribe In Casino Suit, Denies Dismissal Bid
A California tribe at the center of a dispute over a decision to take 70 acres into trust for its proposed Sonoma County hotel and casino project can intervene in the litigation, a federal judge said, while finding that the Indigenous nation cannot dismiss the case based on sovereign immunity.
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July 21, 2025
Peachtree Group Launches $250M Distressed Hotel, CRE Fund
Peachtree Group said Monday that it launched a $250 million fund to target distressed hotel and other commercial real estate assets squeezed by a lack of market liquidity instead of business fundamentals.
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July 21, 2025
Strict Construction Rules Could Gut Solar, Wind Credits
The U.S. Treasury Department could severely weaken the availability of the solar and wind energy tax credits that were scaled back under Republicans' new budget law with upcoming guidance that may upend long-standing construction rules used to determine eligibility.
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July 21, 2025
NYC Real Estate Week In Review
Seyfarth Shaw and Paul Weiss are among the law firms that picked up work on the largest New York City real estate deals that hit public records last week, a busy period that saw nine deeds above the $20 million mark become public.
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July 21, 2025
South Florida GSA Leases Could See Major Cuts By 2026
The General Services Administration "could easily" cancel its leases for more than 1 million square feet of South Florida space by the end of 2026, according to commercial real estate adviser Avison Young.
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July 21, 2025
Ore. Nixes Property Tax Break For Illegal Marijuana Farms
Oregon farmland will be disqualified from an agricultural property tax break if its owner is found growing marijuana illegally, under legislation signed into law.
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July 21, 2025
NY Cleaners Seek $30K In Atty Fees, Costs In Wage Suit Deal
Cleaners who reached a $75,000 deal to end their suit accusing a real estate investment company and its subsidiary of unpaid wages told a New York federal court their attorneys should receive nearly $30,000 in fees and expenses.
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July 21, 2025
Vornado Nabs $450M Refi For NYC Office Tower
Vornado Realty Trust landed a $450 million refinancing of a midtown Manhattan office building after chipping in $50 million to pay down a previous loan that was set to mature in October, in a deal led by Hunton Andrews Kurth LLP.
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July 18, 2025
Law360 Names 2025's Top Attorneys Under 40
Law360 is pleased to announce the Rising Stars of 2025, our list of more than 150 attorneys under 40 whose legal accomplishments belie their age.
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July 18, 2025
San Francisco Firm Advises Plan For Tallest West Coast Tower
Developer Hines has rolled out plans to build a 76-story tower that would stand as the tallest on the West Coast when complete, in a project guided by land use and real estate firm Reuben Junius & Rose LLP.
Expert Analysis
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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.
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Timeline Considerations For Boston's New RE Review Process
Boston's newly reimagined large real estate project review process, featuring early community engagement, holds impacts for project timelines that land use counsel must account for when guiding developers through approvals, says David Linhart at Goulston & Storrs.
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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.