Commercial

  • 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.

  • February 07, 2024

    California Survey Shows Lack Of Faith In Office Space

    Nearly 21% of surveyed owners of California office buildings want to redevelop their office space into multifamily, retail and industrial spaces over the next three years, according to a survey released Wednesday by law firm Allen Matkins Leck Gamble Mallory & Natsis LLP and the University of California, Los Angeles.

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.