Commercial

  • February 09, 2024

    Bad Faith Claim Rejected Again In Hurricane Ida Coverage Suit

    A Louisiana federal judge again refused to find that the insurer of a suburban New Orleans commercial property acted in bad faith in denying to cover $220,000 in damage Hurricane Ida allegedly caused in 2021.

  • February 09, 2024

    DLA Piper Adds Structured Finance Atty To NY Office

    DLA Piper hired Joo Kim, a structured finance attorney with more than 23 years of experience, as a new partner for its structured finance practice in its New York office, the firm announced.

  • February 09, 2024

    Feds Seek Over 5 Years For NYC Atty In $18.8M Ponzi Scheme

    Federal prosecutors are seeking 5¼ to 6½ years in prison for a New York City attorney who admitted to running an $18.8 million Ponzi scheme that defrauded real estate investors, in addition to separately laundering funds from an expansive insurance fraud scheme.

  • February 09, 2024

    Mother, Son Call Truce In Dispute Over Denver Bar Chain

    A mother and son suing each other over a Denver-area restaurant and bar chain said Friday they would pause their fight as they try to divide their business and personal finances, just as the mother was preparing to argue her son improperly tried to negotiate a settlement while driving her to the airport.

  • February 08, 2024

    REIT Plans $26M Bankruptcy Auction Of Dallas Office Tower

    A real estate investment trust that entered a Dallas office building into Chapter 11 protection plans to auction the property for at least $26 million, and its lender agreed to drop a bid to dismiss the bankruptcy filing while related claims get mediated, attorneys for the companies said Thursday.

  • February 08, 2024

    Renderings Pitch White Sox Ballpark In Chicago's South Loop

    Developer Related Group has released a series of renderings to tease a possible move by the Chicago White Sox from their Guaranteed Rate Field to a new riverfront site in the city's South Loop.

  • February 08, 2024

    JLL Arranges $98M Refinancing For Wisconsin Apartments

    JLL Capital Markets worked on behalf of borrower New Land Enterprises to arrange a $98 million refinancing loan for a Milwaukee luxury apartment tower, the firm announced Thursday.

  • February 08, 2024

    Winery Wedding Ban Doesn't Stomp Out Speech, Group Says

    A Michigan township's law limiting wineries' ability to host events and weddings is not restricting their speech, a nonprofit backing the regulations said Wednesday, as it tries to whittle down the vintners' constitutional claims ahead of an April trial.

  • February 08, 2024

    CRE Investment In US Hits Lowest Point Since 2012

    The volume of commercial real estate investment in the U.S. fell to $348 billion for the year 2023, according to research from brokerage CBRE, which represents the lowest annual total since 2012.

  • February 08, 2024

    Real Estate Rumors: HGI, Lion Development, Kushner

    An affiliate of Harbor Group International is believed to be the buyer of two apartment complexes near Denver for $132.5 million, a Lion Development venture has reportedly spent $16.5 million on a Miami development site and Kushner Cos. is said to have sold a pair of multifamily properties for $14.7 million.

  • February 08, 2024

    NY Landlord Can't Slip NextEra's Solar Farm Easements Suit

    A New York federal judge once again refused to dismiss a landlord from a suit filed by NextEra Energy accusing him of personally impeding the development of two nearly complete solar farm projects.

  • February 08, 2024

    Kasowitz Drawn Into Supertall Tower Investor Spat

    Two LLCs tied to AmBase Corp. filed a summons against Kasowitz Benson Torres LLP in New York Supreme Court, kickstarting the latest multimillion-dollar court fight connected to Manhattan's supertall Steinway Tower.

  • February 08, 2024

    Greenspoon Marder Moves To Larger NY Office, Citing Growth

    After recruiting a number of diverse attorneys in New York last year, Greenspoon Marder LLP has moved its midtown Manhattan office to a larger space, the firm announced Wednesday.

  • February 08, 2024

    12-Year CFPB Veteran Joins Husch Blackwell's DC Office

    Husch Blackwell LLP has hired a 12-year veteran of the Consumer Financial Protection Bureau to join its financial services and capital markets industry group, the firm announced this week.

  • February 08, 2024

    Real Estate Lawyers Voice Caution On FinCEN Disclosures

    New rules requiring corporate entities to submit beneficial ownership information to the U.S. Treasury Department's Financial Crimes Enforcement Network are creating headaches for real estate lawyers and their clients. The rules give rise to liability concerns for firms and privacy risks for investors, lawyers told Law360.

  • February 08, 2024

    Ex-Owners Of Maine Resort Deny Hand In Timeshare Spat

    The former owners of a Bethel, Maine, ski lodge said the new owners were too late in bringing a lawsuit against them over the breach of a timeshare contract and have no standing to seek relief from them.

  • February 08, 2024

    NY Judge Scolds Trump Attys For Response To Perjury Query

    The New York state judge overseeing Donald Trump's civil fraud trial on Thursday chastised defense attorneys for their "misleading" response to his demands for information about reports of possible perjury by defendant and key trial witness Allen Weisselberg.

  • February 07, 2024

    NYCB Faces Investor Suit Over Signature Bank Takeover 

    New York Community Bancorp has been hit with a class action by an investor who claims the bank failed to disclose that it had a deteriorating book of loans which would, in turn, cause major losses and force it to cut its quarterly dividend to preserve capital, following its acquisition of assets from the now-defunct Signature Bank. 

  • February 07, 2024

    Rents, Growing Concessions Weigh On Calif. REIT

    Rexford Industrial Realty Inc., a Southern California real estate investment trust, was dinged by Wall Street investors Wednesday after disclosing feeble rent growth and lengthier concessions.

  • February 07, 2024

    9th Circ. Asked To OK Amicus Brief In CEQA Suit

    A coalition of interest groups told the Ninth Circuit that their brief in support of a property owner's right to challenge projects using California environmental law did not burden a developer that calls the complaints an extortion attempt.

  • February 07, 2024

    Real Estate Cos. Seek Exit From Multimillion-Dollar Fraud Suit

    A group of connected companies named in a lawsuit accusing a real estate lender of fraud asked a New York federal judge to dismiss them from the case, saying an alleged joint venture agreement and bank statement used to support the plaintiffs' claims are falsified.

  • February 07, 2024

    Wyndham Gets Joint Employer Claim Cut From Trafficking Suit

    An Ohio federal judge has partly granted Wyndham's motion to dismiss an anonymous accuser's claims that the hotel giant's inaction facilitated sex trafficking, reasoning the hotel company didn't exercise enough control over a franchise location's employees to be held liable as a joint employer.

  • February 07, 2024

    Trump Trial Judge Gets Little Info On Exec's Alleged Perjury

    An attorney for Donald Trump and his companies' former chief financial officer Allen Weisselberg told the New York state judge presiding over their civil fraud trial Wednesday that she could not respond to "unsubstantiated" reports that the ex-CFO was in plea negotiations for allegedly lying on the stand, citing her ethical obligations.

  • February 07, 2024

    Matterport Stockholders Say Officials Wrongly Cashed $225M

    Shareholders of 3D model maker Matterport Inc. accused top company officials in Delaware Chancery Court of self-dealing by paying themselves performance rewards following a 2021 merger, even though the company hadn't met benchmarks to allow them to cash out $225 million in shares.

  • February 07, 2024

    La. Pizzeria, State Farm Settle Hurricane Damages Suit

    State Farm and a Louisiana pizzeria reached an agreement in their dispute over allegations that the insurer was artificially suppressing the cost of repairs and over-depreciating losses on claims connected to damage from Hurricanes Laura and Delta, the two parties told a Louisiana federal court.

Expert Analysis

  • Tales From The Trenches Of Remote Depositions

    Author Photo

    As practitioners continue to conduct depositions remotely in the post-pandemic world, these virtual environments are rife with opportunities for improper behavior such as witness coaching, scripted testimony and a general lack of civility — but there are methods to prevent and combat these behaviors, say Jennifer Gibbs and Bennett Moss at Zelle.

  • 3 Alternatives To CRE Collateralized Loan Obligations

    Author Photo

    With current commercial real estate market conditions pushing issuers away from collateralized loan obligations, several Freddie Mac offerings should be considered as alternative exit strategies for mortgage loans secured by multifamily properties, say attorneys at Mayer Brown.

  • Ga. Banking Brief: All The Notable Compliance Updates In Q2

    Author Photo

    Legislation signed into law in the second quarter of the year in Georgia tackled a broad range of issues that will affect financial institutions, from money laundering and consumer protection to commercial financing disclosures and a lengthy cleanup of the banking and finance code, says Elizabeth Garner at Parker Hudson.

  • Sackett Ruling, 'Waters' Rule Fix Won't Dry Up Wetlands Suits

    Author Photo

    In the wake of the U.S. Supreme Court's recent ruling in Sackett v. U.S. Environmental Protection Agency narrowing the scope of Clean Water Act protections, the Biden administration is amending its rule defining "waters of the United States" — but the revised rule will inevitably face further court challenges, continuing the WOTUS legal saga indefinitely, say attorneys at Milbank.

  • Fla. Banking Brief: All The Notable Compliance Updates In Q2

    Author Photo

    Florida financial institutions must now navigate minimum interest rates for attorney trust accounts, restrictions on property sales to prohibited foreigners, and a ban on weighing environmental, social and governance factors to determine a customer's creditworthiness — changes that will add to banks' compliance pressures, says Patricia Hernandez at Avila Rodriguez.

  • Level Up Lawyers' Business Development With Gamification

    Author Photo

    With employee engagement at a 10-year low in the U.S., there are several gamification techniques marketing and business development teams at law firms can use to make generating new clients and matters more appealing to lawyers, says Heather McCullough at Society 54.

  • NY, NJ Regs Give Clarity To Cannabis Investors, Ancillaries

    Author Photo

    Proposed laws and regulations in New York and New Jersey would clarify some previously murky legal waters, thus expanding the ability of investors, lenders and ancillary service providers to work with marijuana business in these states, say David Waxman and Heidi Urness at McGlinchey Stafford.

  • 5 Ways Firms Can Rethink Office Design In A Hybrid World

    Author Photo

    As workplaces across the country adapt to flexible work, law firms must prioritize individuality, amenities and technology in office design, says Kristin Cerutti at Nelson Worldwide.

  • What To Expect From High Court's Whistleblower Case

    Author Photo

    The U.S. Supreme Court's upcoming decision in Murray v. UBS Securities will likely have widespread implications for the future of anti-retaliation whistleblower litigation, and could make it more difficult for would-be whistleblower-employees to succeed on anti-retaliation claims under the Sarbanes-Oxley Act, say Ann-Elizabeth Ostrager and Diane McGimsey at Sullivan & Cromwell.

  • RICO Ruling Makes US More Attractive Foreign Creditor Forum

    Author Photo

    The U.S. Supreme Court's decision in Yegiazaryan v. Smagin, allowing a foreign plaintiff to use the Racketeer Influenced and Corrupt Organizations Act to enforce a foreign arbitral award, will make judgment creditors more likely to seek out U.S. courts to remedy efforts to frustrate the enforcement of international arbitration awards, say attorneys at Paul Hastings.

  • 5 Strategies For Restructuring Underperforming CRE Loans

    Author Photo

    With commercial real estate industry conditions expected to deteriorate further in the coming months, market participants should consider a number of strategies to help resolve challenged investments, ranging from financial restructurings to project phasing, say attorneys at Ballard Spahr.

  • Ghosting In BigLaw: How To Come Back From Lack Of Feedback

    Author Photo

    Junior associates can feel powerless when senior colleagues cut off contact instead of providing useful feedback, but young attorneys can get back on track by focusing on practical professional development and reexamining their career priorities, says Rachel Patterson at Orrick.

  • Post-Ciminelli Predictions On Right-To-Control Convictions

    Author Photo

    The recent Second Circuit filings in Binday suggest that the government will fight to preserve its right-to-control convictions in the wake of the U.S. Supreme Court's Ciminelli decision, and offer clues about key issues that will drive post-Ciminelli litigation, say attorneys at Debevoise.