Commercial

  • February 06, 2024

    Nev. Teachers Union Sues To Upend Oakland A's Stadium Deal

    A Nevada teachers' union has sued in state court to block a measure lawmakers approved in June to provide $380 million in public money to a new ballpark for the Oakland A's on the Las Vegas Strip, arguing the package passed in a special session last summer wasn't vetted for flaws.

  • February 06, 2024

    Mall Owner Earmarks $800M For Mixed-Use Redevelopment

    Simon Property Group Inc., said it plans to spend $800 million this year to transform several U.S. retail malls into mixed-use developments.

  • February 06, 2024

    Hinckley Allen Expands To Fla. With Construction Firm Merger

    Hinckley Allen & Snyder LLP has expanded into Florida by absorbing construction and business firm Ferencik Libanoff Brandt Bustamante & Goldstein PA to establish an office in the Fort Lauderdale area.

  • February 06, 2024

    Colo. Senate OKs Local Option For Property Tax Breaks

    Local governments in Colorado could establish property tax incentive programs to address local shortcomings in real property usage under legislation approved by the state Senate.

  • February 06, 2024

    NY Judge Wants Info On Perjury Probe Of Trump Lieutenant

    A New York state judge weighing the evidence in Donald Trump's civil fraud trial demanded more information Tuesday about reports that a key trial witness, former Trump Organization Chief Financial Officer Allen Weisselberg, is facing perjury charges for his testimony in the case.

  • February 05, 2024

    Ruling's Impact On Fla. Property Law Row May Be Limited

    A ruling last week granting two of four Chinese citizens' bids to block enforcement of a Florida law barring nationals of certain countries from owning land offered a glimpse into the thinking of a federal appeals court in the closely watched case, but attorneys cautioned that the impact from this step may not be very substantial.

  • February 05, 2024

    NYC Leasing Activity Is Up, But Prices Aren't

    More than 2 million square feet of office space was leased in January throughout Manhattan, New York, in a 47% increase compared to the same month last year, even as average asking rates remained largely steady, per a Monday report from CBRE.

  • February 05, 2024

    Fla. Legislative Session: Property Insurance Bills Roundup

    Florida lawmakers have put forward dozens of proposals to address insurance challenges in the state, from a bill that would expand coverage from the state's last resort insurer to another that contemplates mangroves as bulwarks against flooding.

  • February 05, 2024

    Hedge Fund Sues SPAC For Books On Failed Casino Deal

    A New York hedge fund on Monday sued a special purpose acquisition company for books and records related to a failed $2.6 billion deal to take a casino public in Manila, the Philippines.

  • February 05, 2024

    Fla. Wants To Keep Clean Water Act Permit Review Powers

    Florida officials have told a D.C. federal judge that there would be substantial consequences if he pulls the state's authority to run a federal Clean Water Act permit program that has received thousands of project applications that are reviewed by more than 300 trained employees.

  • February 05, 2024

    Lowe's Drops Appeal After $1.5M Faulty-Roof Settlement

    Lowe's Home Centers and a Philadelphia woman will drop their appeals after reaching a $1.5 million settlement over claims that the company improperly denied warranty repairs after an affiliated contractor allegedly botched a $9,500 roof installation, court records showed.

  • February 05, 2024

    Insurer Owes $1.3M In Defects Row Defense Costs, Co. Says

    A Hartford unit owes a Chicago-area homebuilder more than $1.3 million in unpaid defense costs related to an underlying construction defect suit, the company told an Illinois federal court, claiming the insurer has refused to explain its coverage decisions.

  • February 05, 2024

    Fox Rothschild Adds Real Estate Vet In Miami Office

    Philadelphia-based firm Fox Rothschild LLP has welcomed a commercial real estate attorney with more than 20 years of experience to its Miami office, the firm announced Monday.

  • February 05, 2024

    3 Firms Guide CBRE Acquisition In Deal That Could Top $1B

    In a deal worth up to $1.05 billion, CBRE Group Inc. will buy government contractor J&J Worldwide Services from private investment firm Arlington Capital Partners, with guidance from Simpson Thacher & Bartlett LLP, ArentFox Schiff LLP, and Sheppard Mullin Richter & Hampton LLP, the commercial real estate services and investment company announced Monday.

  • February 05, 2024

    WeWork Presses Landlords For Ch. 11 Lease Concessions

    Flexible office space provider WeWork Inc. pushed hard in court Monday against landlords that haven't engaged in lease concession negotiations in the company's Chapter 11 case, telling a New Jersey bankruptcy judge that without widespread support from its rental counterparties, the debtor's restructuring plans are dead.

  • February 05, 2024

    Northwind, REIT Close $52M In Loans For Healthcare Facilities

    Northwind Group and CareTrust REIT Inc. originated more than $52M in mezzanine loans that were secured with 26 healthcare properties in California, Missouri and Virginia, the companies announced Monday.

  • February 05, 2024

    Insurer Owes $2.5M For Lost Income, Shop Owner Says

    A Hartford unit refused to pay out $2.5 million in business interruption coverage for a New York City doughnut shop's income that was lost while the city shut the store down during repairs, the shop told a New York federal court.

  • February 05, 2024

    BCLP Sees 2nd Group Depart As 7 Head To Arnold & Porter

    A group of seven lawyers, including six partners, has departed Bryan Cave Leighton Paisner LLP and joined Arnold & Porter Kaye Scholer LLP, according to a Monday announcement that comes on the heels of a three-partner group leaving BCLP at the end of January, which included the firm's global banking sector leader.

  • February 02, 2024

    NYC Serves Up Final Rules For Permanent Outdoor Dining

    New York City on Friday released the final rules for its permanent outdoor dining program affecting restaurant owners in all five boroughs, as a group of 30 Manhattan residents in state court continue to oppose what they say is a "massive zoning change" that poses environmental risks.

  • February 02, 2024

    Matterport Stockholders Claim 'Unlawful' $220M Share Issue

    Two shareholders of 3D model maker Matterport Inc. have sued a raft of the technology company's directors, officers and investors in Delaware's Court of Chancery, asserting breach of fiduciary duty, corporate waste and unjust enrichment.

  • February 02, 2024

    NYC Sues FDIC For $7M Of First Republic's Back Taxes

    New York City sued the Federal Deposit Insurance Corp. in D.C. federal court in the agency's capacity as receiver for failed First Republic Bank, alleging the bank understated its rent and income taxes it owed to the city for several years and now owes more than $7 million.

  • February 02, 2024

    Colo. Regulators Say Landlords Too Vague In GHG Rule Suit

    Colorado regulators urged a Denver judge to toss an apartment industry group's claim that new greenhouse gas reduction rules for large buildings would impair its ability to honor contracts, arguing that the group has lodged the sweeping claim without specifics.

  • February 02, 2024

    Owner Says Insurer Can't Dodge Tenn. Hooters Bombing Row

    The insurer of a Hooters restaurant that was decimated in a 2020 Christmas Day bombing appointed a crooked appraiser who tainted a damage award, the historic property's owner told a Tennessee Federal Court, adding that the biased determination was invalid under state law.

  • February 02, 2024

    Suits Prompt Bills In Fla. To Validate Mixed-Use Condos

    Like much of the country, Florida has seen a substantial increase in mixed-use development in the past couple of decades. But with some notable court decisions spurring lawsuits challenging the legal structure of such projects, especially hotel-condominiums, state lawmakers are considering measures to solidify their place in the real estate landscape.

  • February 02, 2024

    Prologis Inks $51M Deal For Remediated Coney Island Lot

    Prologis Inc. has finalized a $51 million deal with National Grid for a remediated 16-acre site at the southern tip of Brooklyn, according to a filing made public Friday.

Expert Analysis

  • Tales From The Trenches Of Remote Depositions

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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.