Commercial

  • February 14, 2024

    Miller Starr Brings On Coblentz Patch Real Estate Pro In Calif.

    California real estate boutique Miller Starr Regalia LLP is expanding its transactions team, bringing in a Coblentz Patch Duffy & Bass LLP real estate pro as a shareholder in its office in Walnut Creek, California, in the San Francisco Bay Area.

  • February 13, 2024

    Wyndham Gets Default Win In Timeshare Exit Suit

    A Florida federal judge has granted Wyndham Vacation Ownership Inc. a default victory in its lawsuit accusing multiple companies of levying unnecessary fees to help customers exit their timeshares, after adopting a magistrate's report and recommendation when one company failed to respond.

  • February 13, 2024

    Soroc Tech Sues In Del. For $115M Merger Takeback

    Soroc Technology Holdings LLC sued MainOne Technology Solutions LLC on Tuesday in Delaware's Court of Chancery, seeking recovery of the $115 million it paid in early 2022 for its acquisition of MainOne's interest in DecisionOne Corp.

  • February 13, 2024

    Squabble Heats Up Over Plans To Move DC NBA, NHL Teams

    Billionaire Ted Leonsis' efforts to dislodge his sports teams Washington Wizards and Washington Capitals from the District of Columbia, and put down stakes in Virginia have run into resistance, including from a Virginia state senator and the mayor of Washington, D.C.

  • February 13, 2024

    KC Royals Pitch Taxpayers On $2B Downtown Ballpark Project

    The Kansas City Royals rolled out plans Tuesday to build a $2 billion ballpark and entertainment district on a downtown site as voters consider a tax on an April ballot measure that would support the project and a renovated Arrowhead Stadium.

  • February 13, 2024

    Calif. Clean Energy Storage Secures $350M From Blackstone

    Arevon Energy Inc. said Tuesday that it closed on financing for a California renewable energy storage facility, including $350 million from a Blackstone unit in the form of preferred equity, with guidance from three law firms.

  • February 13, 2024

    11th Circ. Boots Insurer's Appraisal Order Challenge

    The Eleventh Circuit rejected a Zurich unit's bid to escape a Florida district court's order compelling it into appraisal proceedings with a Pensacola hotel owner, finding Tuesday the appellate court had no power to review a nonfinal order.

  • February 13, 2024

    4th Circuit Sinks Golf Course's Suit Over Rezoning Bid

    The owner of Hilton Head National Golf Club in South Carolina won't get a shot at developing a mixed-use project on its property after a panel of appeals judges agreed with a lower court's ruling that halted the project.

  • February 13, 2024

    Worst Likely Yet To Come For Distressed Office Market

    The rate of distress for office commercial mortgage-backed securities loans climbed back above 10% in January amid lingering demand and interest rate concerns, with experts expecting the situation to worsen later this year.

  • February 13, 2024

    Hotel Rental Co. Hid Litigation And Failed Deal, Suit Says

    Real estate company LuxUrban Hotels has been hit with a proposed class action alleging it lied about a 25-year deal with the Royalton Hotel in New York and multiple lawsuits over unpaid rent, which it says caused shares to decline after a short-seller report disclosed the issues.

  • February 13, 2024

    Feds Argue US Used Island With 'Intent' In Ownership Suit

    The United States filled in land off Key West, Florida, with a clear intention to use it for the U.S. Navy, entitling it to ownership of what is now Wisteria Island, the federal government said this week in its written closing arguments in a land dispute dating back more than 100 years.

  • February 13, 2024

    Mo. Senate Panel OKs Tax Credits For Office Conversions

    Missouri would allow property owners to claim tax credits to partly offset the cost of converting nonresidential property from office use to residential or other uses under a bill approved by the state Senate's Economic Development and Tax Policy Committee.

  • February 13, 2024

    Chicago Says Trade Groups Can't Stop Real Estate Tax Vote

    The city of Chicago asked a state court to toss a suit filed by a coalition seeking to block an upcoming referendum on whether the city should implement tiered rates for real estate transfer taxes, arguing that the court lacks jurisdiction to intervene in the legislative process.

  • February 13, 2024

    Real Estate Rumors: Ares Management, Somerset, MBS Group

    Ares Management has reportedly purchased a 14-building portfolio in New Jersey for $118.5 million, a Somerset Properties venture is said to have bought a North Carolina industrial building for $11 million, and MBS Group has reportedly leased 300,000 square feet in Queens.

  • February 13, 2024

    More Banks To Expound On CRE Risk At SEC's Behest

    Another batch of regional banks have agreed to disclose more information about risks within their commercial property loan portfolios in response to prodding by the U.S. Securities and Exchange Commission, signaling more difficulties lie ahead for small real estate lenders.

  • February 13, 2024

    Ex-Atty Appealing Pot Bribe Conviction Says Prison Can Wait

    A former Massachusetts attorney convicted over an alleged cannabis licensing quid pro quo told a Boston federal judge Tuesday that multiple close-call legal issues warrant a delay of his 24-month prison sentence until the First Circuit decides his forthcoming appeal.

  • February 13, 2024

    2 Ex-Dentons Real Estate Pros Join Clark Hill In Pittsburgh

    Clark Hill PLC has added two real estate attorneys with experience in commercial transactions to the real estate practice group in its Pittsburgh office, the firm announced Tuesday. 

  • February 13, 2024

    Catching Up With Delaware's Chancery Court

    A pizza chain, an energy company, a medical-device maker and a Manila casino were all hit with book-and-record demands last week in Delaware's Court of Chancery. A shoe company also walked away from a shareholder suit, two cryptocurrency companies tallied the costs of a broken merger, and three cigarette giants argued over Florida settlement payments.

  • February 13, 2024

    Seyfarth Adds Atlanta Community Leader, RE Atty From BCLP

    Seyfarth Shaw LLP announced Tuesday that it had hired a former chair of the Georgia Commission on Equal Opportunity's Board of Commissioners who was also a real estate partner from Bryan Cave Leighton Paisner in Atlanta.

  • February 13, 2024

    Marriott To Buy Chicago Sheraton In $500M Deal

    Marriott International said Tuesday that it will acquire the Sheraton Grand Chicago hotel for $500 million from Tishman Realty.

  • February 13, 2024

    Ex-Cushman Brokers Ordered To Return Confidential Info

    A New York federal judge ordered two former Cushman & Wakefield brokers facing a trade secrets suit to return the brokerage's confidential information, stop soliciting its employees and clients and to stop using its referral sources.

  • February 13, 2024

    Bourbon Co. Says Ky. City Caved To Whiskey Fungus Fear

    A bourbon-maker has sued the city of Williamstown, Kentucky, and its top officials in federal court after they backed out of a deal to help build a set of warehouses to age liquor in response to concerns from residents that ethanol from the facility could feed the spread of so-called whiskey fungus nearby.

  • February 13, 2024

    Insurer Says Fire Co. Owes $3.7M For Hotel Water Damage

    A fire protection and security services company must pay more than $3.7 million for water damage at an Ohio hotel, a Liberty Mutual unit told an Ohio federal court, arguing that the damage was caused by the company's negligence in maintaining a fire sprinkler system.

  • February 13, 2024

    'We Think It's Right,' Vornado CEO Says Of $6.4M Exec Payout

    Vornado Realty Trust's chief executive officer defended a $6.4 million bonus the company divided among top brass about a week before Christmas as "highly appropriate," even though the office landlord suspended its shareholder dividend last spring.

  • February 13, 2024

    EPA's Latest PFAS Action Leaves Unanswered Questions

    After the EPA proposed two new rules this month to regulate PFAS, questions still loom regarding how regulators and property owners are going to comprehensively address the widespread contaminants in a cost-effective way. Law360 spoke with the chair of Mintz's environmental practice about what next steps will be required to better address PFAS contamination.

Expert Analysis

  • Conn. Ruling Highlights Keys To Certificate-Of-Need Appeals

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    The Connecticut Supreme Court's recent decision in High Watch Recovery Center v. Department of Public Health, rejecting rigid application of statutes concerning certificate-of-need procedure, provides important guidance on building an administrative record to support a finding that a case is contested, say attorneys at Robinson & Cole.

  • The Pop Culture Docket: Judge Elrod On 'Jury Duty'

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    Though the mockumentary series “Jury Duty” features purposely outrageous characters, it offers a solemn lesson about the simple but brilliant design of the right to trial by jury, with an unwitting protagonist who even John Adams may have welcomed as an impartial foreperson, says Fifth Circuit Judge Jennifer Elrod.

  • Pickleball Makes Waves In Fla. Real Estate, With Risks In Play

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    Pickleball's burgeoning popularity in Florida is catalyzing a transformation in the state's commercial real estate market, but investors must take steps to navigate legal challenges related to noise, insurance and community dynamics, says Emmanuelle Litvinov at DarrowEverett.

  • 4 Business-Building Strategies For Introvert Attorneys

    Excerpt from Practical Guidance
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    Introverted lawyers can build client bases to rival their extroverted peers’ by adapting time-tested strategies for business development that can work for any personality — such as claiming a niche, networking for maximum impact, drawing on existing contacts and more, says Ronald Levine at Herrick Feinstein.

  • What Calif. Pot Permit Ruling Means For Enviro Compliance

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    While a California appeals court's recent decision in Lucas v. City of Pomona affirms the city's use of a statutory exemption for its commercial cannabis overlay permit program, the ruling does not mean that all applicants seeking similar approvals are exempted from state environmental compliance obligations, say Whitney Hodges and Barbara Machado at Sheppard Mullin.

  • Rare Reg A+ Fines Reflect New Era Of SEC Enforcement

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    The U.S. Securities and Exchange Commission's recent announcement of civil penalties against 10 microcap companies for violations of Regulation A+ shows that as the SEC continues to expand its enforcement efforts, its focus remains on protecting investors of all sizes — including those investing in the historically less-scrutinized Reg A+ issuers, say attorneys at Crowell & Moring.

  • Factors To Consider When Structuring Data Center Contracts

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    Data center leases and service agreements grant very similar rights and impose similar obligations, but they also hold notable differences and a range of factors that are important to consider when selecting which form of agreement to use, say attorneys at Mayer Brown.

  • Rethinking Mich. Slip-And-Fall Defense After Top Court Ruling

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    The Michigan Supreme Court recently overturned three decades of premises liability jurisprudence by ruling that the open and obvious danger defense is no longer part of a traditional duty analysis, posing the question of whether landowners will ever again win on a motion for summary dismissal, say John Stiglich and Meriam Choulagh at Wilson Elser.

  • Subchapter V Eligibility Ruling Raises Uncertainty For Tenants

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    A Virginia bankruptcy court’s recent ruling in Macedon Consulting — that all remaining rent under a lease should be factored into a lessee's Subchapter V eligibility — raises the question, but does not address, how a court should calculate the amount of debt owed under a lease, creating significant risk for potential tenant debtors, says Sam Ashuraey at Ashuraey Law.

  • Parsing Tax Implications Of NYC Office Leasing Transactions

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    Though New York City's tax laws generally do not require negotiated contractual risk allocation in the case of sublease and early lease termination transactions, it is still helpful for counsel to both landlords and tenants to understand the laws' nuances, say attorneys at Lowenstein Sandler.

  • Caregiver Flexibility Is Crucial For Atty Engagement, Retention

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    As the battle for top talent continues post-pandemic, many firms are attempting to attract employees with progressive hybrid working environments — and supporting caregivers before, during and after an extended leave is a critically important way to retain top talent, says Manar Morales at The Diversity & Flexibility Alliance.

  • NY's Take On Premises Insurance Policies: What's In A Name?

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    A New York appellate court's recent decision in Wesco Insurance v. Fulmont Mutual Insurance — requiring insurance coverage for a property owner not named on the policy — strengthens a state case law trend creating a practical exception in premises liability cases to normally strict requirements for coverage, says Craig Rokuson at Traub Lieberman.

  • Bankruptcy Ruling Shows Section 363's Magic Has Its Limits

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    The Ninth Circuit Bankruptcy Appellate Panel's recent ruling in Groves demonstrates that Section 363 — which allows a debtor-in-possession to sell their property in order to generate cash — fails as a tool when it’s used to turn a nondebtor entities' property into property of a debtor's bankruptcy estate, says Brian Shaw at Cozen O'Connor.