Commercial

  • February 26, 2024

    Real Estate Group Of The Year: Fried Frank

    Fried Frank Harris Shriver & Jacobson LLP helped clients close deals last year for the development of prominent additions to the New York City and Las Vegas skylines, earning the firm a spot among Law360's 2023 Real Estate Groups of the Year.

  • February 23, 2024

    Real Estate Execs Optimistic About '24, Seyfarth Survey Says

    More than four-fifths of commercial real estate executives are optimistic about the sector's prospects this year, which is a significant uptick in sentiment from a year earlier, according to a forthcoming report from Seyfarth Shaw LLP that Law360 has obtained.

  • February 23, 2024

    Tribal Biz Atty Must Meet Calif. DA Over Greenhouse Wreckage

    A California federal judge has ordered the lawyer for a business owned by a tribal conglomerate to attend a hearing with San Bernardino County's district attorney, saying the lawyer must explain why he forced the DA to file a unilateral status report about the destruction of illegal cannabis greenhouses.

  • February 23, 2024

    La. Hotel Owner Must Arbitrate Hurricane Ida Damage Claims

    A Louisiana federal judge has ordered the owner of an extended-stay hotel near New Orleans to go to arbitration with a group of insurers over coverage for damage caused by Hurricane Ida, finding that the policy under dispute contains a valid arbitral clause.

  • February 23, 2024

    Health REIT Hid Halted $375M Equity Stake Deal, Suit Says

    A Medical Properties Trust Inc. shareholder accused the hospital-focused real estate investment trust in Maryland federal court of hiding the California government's halting of a $375 million equity stake transaction with a healthcare management services company.

  • February 23, 2024

    Travelers Can't Duck Payout In Warehouse Fire Reversal

    A New York federal court has rejected Travelers' bid for additional discovery in a coverage dispute involving a textile importer whose goods were destroyed in a warehouse fire, after the Second Circuit vacated the insurer's early win in December and remanded for a judgment in the importer's favor.

  • February 26, 2024

    New York Pandemic Coverage Ruling Offers Few Surprises

    Businesses seeking insurance coverage for their pandemic losses were dealt yet another loss recently by New York's top court, a ruling that didn't surprise attorneys watching to see whether the Empire State might buck the trend of carrier victories.

  • February 23, 2024

    Bankrupt REIT Gets Ch. 11 Reorganization Plan Approved

    A subsidiary of Silver Star Properties REIT Inc. received approval Friday for its Chapter 11 reorganization plan that will channel its remaining property assets into a Delaware subsidiary free and clear of all creditor claims.

  • February 23, 2024

    Entertainment REIT Expands Scope Beyond Casinos, Gaming

    Vici Properties executives said Friday that, amid a somber deals environment, the "experiential" real estate investment trust is looking to create or foster partnerships outside the casino and gaming industry.

  • February 23, 2024

    REIT, Loan Guarantors Spar Over Venue For $70M Loan Suit

    A real estate investment trust and loan guarantors traded blows in California federal court over remanding the REIT's suit accusing the companies of owing payments for nearly $70 million in loans.

  • February 23, 2024

    Greenberg Traurig Adds Real Estate Shareholders In Fla., LA

    Greenberg Traurig LLP has added two shareholders to its global real estate practice, with one attorney based in Florida while the other is based in California and Texas.

  • February 23, 2024

    Polsinelli Real Estate Atty Made Co-Manager Of Chicago Office

    A Polsinelli PC shareholder and experienced real estate attorney has been tapped to co-manage the firm's 200-person Chicago office, the BigLaw firm announced.

  • February 23, 2024

    With Interest, Trump Now Owes $454M For NY Valuation Fraud

    Donald Trump owes New York state nearly a half billion dollars after a county clerk on Friday tacked on $99 million in interest linked to a $355 million judgment in the state attorney general's civil fraud case against the former president last week.

  • February 23, 2024

    Work Starts On Clean Microgrid For Calif. Wildfire Backup

    Pacific Gas & Electric and developer Energy Vault have started work on a project to build a microgrid drawing power from hydrogen fuel cells and batteries that could run a northern California town for at least two days during outages due to wildfire risks.

  • February 23, 2024

    Faegre Drinker Advising White Sox Lobby For New Ballpark

    The Chicago White Sox are pitching Illinois lawmakers on a plan to develop a new ballpark on a South Loop property called "The 78" in a move across town, with Faegre Drinker Biddle & Reath LLP joining Fox Rothschild LLP in advising the team in the state Legislature.

  • February 23, 2024

    These Are The Hottest Trends In Law Firm Design

    Out with the law library and in with Zoom rooms? Law360 Pulse recently talked to architects and legal employers to find out what the biggest trends are in law firm design.

  • February 23, 2024

    Haynes Boone Adds Sheppard Mullin Real Estate Pro In Calif.

    Haynes and Boone LLP has continued the expansion of its Orange County office, announcing Thursday it is bringing in its fifth new partner there in the past six months.

  • February 22, 2024

    FTC Looks Into Mobile Mini's $3.8B Bid For McGrath RentCorp.

    The Federal Trade Commission wants more information on storage container giant WillScot Mobile Mini's plan to snap up business-to-business storage rental company McGrath RentCorp. for somewhere in the neighborhood of $3.8 billion.

  • February 22, 2024

    Texas Investor Wants Ruling For 3M Campus Loan Suit Tossed

    A Texas resident has urged a New York federal court to vacate a January order holding him liable for a guaranty of a $64 million loan borrowed to fund a now-foreclosed 3M office campus, arguing that the newly discovered evidence warrants a trial.

  • February 22, 2024

    Ex-HFZ Capital Chief Denies $86M Real Estate Fraud Charges

    The former head of troubled real estate firm HFZ Capital Group has pled not guilty in New York state court to dozens of criminal charges alleging he spearheaded a series of theft and tax fraud schemes that netted more than $86 million in total.

  • February 22, 2024

    REIT Says Spirit Buy Will Spur 'Robust Growth In 2024'

    Realty Income Corp. touted its $9.3 billion all-stock purchase of fellow real estate investment trust Spirit Realty Capital Inc. in its fourth-quarter earnings call and emphasized patience and discipline for dealmaking in the coming year.

  • February 22, 2024

    Host Hotels REIT Wants To 'Kick Deals Loose' To Buy In '24

    Executives with luxury hotel real estate investment trust Host Hotels & Resorts Inc. said during an earnings call Thursday that the company is stocked with capital and ready to grow the company through acquisitions in 2024, even though attractive properties for sale are expected to remain scarce.

  • February 22, 2024

    Starwood Sees Opportunities In Regional Banks' Troubles

    Starwood Property Trust executives told investors that as interest hikes continue to bear heavily on regional banks, the real estate investment trust sees opportunities in middle-market lending, a gap the regional banks had previously filled.

  • February 22, 2024

    Venable Hires Ex-Smith Gambrell Construction Partner In NY

    Venable LLP announced Wednesday the hiring of a former partner at Smith Gambrell & Russell LLP for its construction law group in New York.

  • February 22, 2024

    Brazilian Heiress' Daughter Can't Escape Colo. Collection Suit

    The daughter of a Brazilian heiress must face claims that she stashed money for her mom to avoid a nearly $20 million court judgment, after a Colorado state judge said a creditor has alleged enough signs of fraud for the allegations to proceed.

Expert Analysis

  • 5 Traps To Avoid When Selling CRE In Las Vegas Area

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    When dealing with commercial real estate in Clark County, Nevada — which includes the Las Vegas metro area — even sophisticated sellers may be ensnared by a myriad of tricky issues, ranging from transfer tax nuances to arbitration laws, says Chris Walther at Fennemore Craig.

  • 'Brownfields' Definition Key To Energy Community Tax Credits

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    As the IRS rolls out guidance for claiming community energy tax credits under the Inflation Reduction Act, a review of the long-standing statutory definition of "brownfields" reveals that it continues to serve the goal of creating opportunities for investment in abandoned properties, says Louise Dyble at Sheppard Mullin.

  • Why Courts Are Nixing Insurer Defense Recoupment Claims

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    Following a recent trend, the Hawaii Supreme Court's decision in St. Paul Fire & Marine Insurance Co. v. Bodell Construction Co. provides a concise explanation of the argument that an insurer generally may not recoup costs for defending claims, based on three considerations, says Bradley Nash at Hoguet Newman.

  • The SEC's Cooled Down But Still Spicy Private Fund Rules

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    Timothy Spangler and Lindsay Trapp at Dechert consider recently finalized U.S. Securities and Exchange Commission rules, which significantly alter the scope of obligations private fund advisers must meet under the Investment Advisers Act, noting the absence of several contentious proposals and litigation that could result in implementation delays.

  • Trump NY Fraud Trial Shows Civil, Criminal Case Differences

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    Former President Donald Trump’s civil fraud trial currently unfolding in New York provides a reminder that civil bench trials can be just as damaging, if not more so, than criminal prosecutions, due to several key elements of civil litigation procedure, says retired attorney David Moskowitz.

  • A Year-End Look At Florida's Capital Investment Tax Credit

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    Notwithstanding the Walt Disney Co.’s feud with Gov. Ron DeSantis this year, Florida's capital investment tax credit will continue to make the state a favored destination for large corporations, particularly in light of the new federal alternative minimum tax and the Pillar Two top-up tax, says Alan Lederman at Gunster.

  • Crypto Has Democratized Trading In Bankruptcy Claims

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    Following the pandemic, there has been a wave of cryptocurrency bankruptcies and a related increase in access to information, allowing nontraditional bankruptcy investors to purchase claims and democratizing a once closed segment of alternative investing, says Joseph Sarachek at Strategic Liquidity.

  • Paths Forward For RE Buyers In Turbulent Market Conditions

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    Real estate borrowers are facing significant challenges in financing new acquisitions or developments amid escalating interest rates, but opportunistic debt funds may be able to help bridge through the present environment, say Jon Gallant and Jared Hodges at Knowles Gallant.

  • DC Ruling Provides Support For Builders Risk Claim Recovery

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    To deny coverage for builders risk claims, insurers have been increasingly relying on two arguments, both of which have been invalidated in the recent U.S. District Court for the District of Columbia decision, South Capitol Bridgebuilders v. Lexington, say Greg Podolak and Cheryl Kozdrey at Saxe Doernberger.

  • What NJ's Green Remediation Guidance Means For Cleanups

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    Recent guidance from the New Jersey Department of Environmental Protection promoting greener approaches to restoring contaminated sites demonstrates the state's commitment to sustainability and environmental justice — but could also entail more complexity, higher costs and longer remediation timelines, say J. Michael Showalter and Bradley Rochlen at ArentFox Schiff.

  • Inside Bank Regulators' Community Lending Law Overhaul

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    The federal banking agencies' recently finalized changes to the Community Reinvestment Act not only account for the gradual shift to an environment where lending and deposit-taking are primarily conducted online, but also implement other updates such as diversity initiatives and a new series of lending tests, say attorneys at Norton Rose.

  • Sellers Seeking Best Deal Should Focus On Terms And Price

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    Rising interest rates and a decline in the automotive mergers and acquisitions market mean that a failed deal carries greater stakes, and sellers therefore should pursue not only the optimum price but also the optimum terms to safeguard their agreement, says Joseph Aboyoun at Fox Rothschild.

  • Illinois Trump Tower Ruling Illuminates Insurance 'Occurrence'

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    In Continental Casualty v. 401 North Wabash Venture, an Illinois appellate court found that Trump Tower was not entitled to insurance coverage for operating its HVAC system without a permit, helping to further define a widely litigated general liability insurance issue — what constitutes an "occurrence," say Robert Tugander and Greg Mann at Rivkin Radler.