Commercial
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May 07, 2025
Big Brokers Say Tariff Effects Mostly Missed CRE In Q1
Commercial real estate executives largely shrugged off the effects of trade disputes this spring in reporting first-quarter results, even as they acknowledged more murkiness ahead for the rest of 2025.
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May 07, 2025
MoFo Real Estate Leader Eyes Surge In New Debt Funds
As some banks have pulled back or hit the pause button on commercial real estate lending, nonbank debt funds have been jumping in with full force to fill that lacuna, one of MoFo's real estate leaders told Âé¶¹´«Ã½360 in a recent interview.
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May 07, 2025
Miami Beach Hotel Industry Not Immune To Market Angst
With strong market fundamentals and significant hospitality projects progressing through its development pipeline, Miami Beach looks poised to build on its long-held standing as a top U.S. travel destination. But uncertainties raised by trade wars and immigration policy threaten to disrupt that sunny outlook, hospitality lawyers say.
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May 07, 2025
Contractor Skanska Promotes Two Civil Division GCs
Construction and development firm Skanska has said it promoted two employees to vice president and assistant general counsel, with both advising separate civil engineering divisions.
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May 07, 2025
DLA Piper Adds Morgan Lewis Commercial Real Estate Pro
DLA Piper hired a partner for the firm's real estate practice group, a commercial real estate attorney who joins the firm from Morgan Lewis & Bockius LLP.
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May 07, 2025
Vornado Signals Residential Foray Into NYC's Penn District
Vornado Realty Trust executives hinted on a first-quarter earnings call at an embrace of residential development in Manhattan's Penn District, where the real estate investment trust owns a 10 million-square-foot portfolio.
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May 06, 2025
HUD Says Suit To Block Fund Cuts Belongs In Claims Court
The U.S. Department of Housing and Urban Development urged a Washington federal judge on Tuesday to reject emergency relief sought by San Francisco, Boston, New York and King County, Washington, to block the Trump administration from slashing millions of dollars of homelessness assistance grants, saying federal court lacks jurisdiction.Â
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May 06, 2025
Quarles & Brady Adds New IP, Real Estate Partners
Quarles & Brady LLP has welcomed a Milwaukee-based intellectual property litigator from Quinn Emanuel Urquhart & Sullivan LLP and a Phoenix-based real estate and public finance attorney from Ice Miller LLP.
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May 06, 2025
Ind. Landowners Not Owed For Trail Project, Fed. Circ. Affirms
A group of Indiana landowners aren't owed compensation after claiming that their land was taken for a federal rails-to-trails conversion project, the Federal Circuit has ruled.
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May 06, 2025
NY Says Owner Has To Sell Ski Resort After Antitrust Loss
A New York ski resort operator who a state judge has ruled violated antitrust law by buying a rival and shutting it down should have to sell off one of its properties, preferably the one it shut down, so it can be reopened for next winter, the Empire State is arguing.
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May 06, 2025
Weil, Kirkland Shape $960M PE Digital Infrastructure Deal
Private equity firm TPG said Tuesday that it has agreed to acquire Ohio-based infrastructure asset manager Peppertree Capital Management in a deal worth up to $960 million that was advised by Weil Gotshal & Manges LLP and Kirkland & Ellis LLP.
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May 06, 2025
Moye White Lease Default Left 'Shock', 'Uncertainty,' Co. Says
A Denver landlord fought back against counterclaims lodged by defunct law firm Moye White LLP in Colorado state court, arguing that the firm wasn't wrongfully evicted from its Denver office space and willingly left the property.
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May 06, 2025
Troutman Welcomes Back Private Funds Vet In Philadelphia
Troutman Pepper Locke has rehired private funds attorney Benjamin Mittman in Philadelphia, bringing back a former special counsel as the firm continues to build out its private equity and investment funds group.
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May 06, 2025
Mayer Brown Adds Real Estate Finance Atty In Charlotte, NC
An attorney specializing in commercial real estate financing has recently moved her practice to Mayer Brown LLP's office in Charlotte, North Carolina, after more than 10 years with Dechert LLP.
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May 06, 2025
Pa. Panel Wonders If Mall's Condemnation Appeal Is Moot
The owners of a defunct and half-demolished shopping mall in the Pittsburgh suburbs say the surrounding borough didn't give them enough information to contest the order condemning their property, but judges of a Pennsylvania appellate court questioned Tuesday if the demolition made the issue moot.
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May 06, 2025
Brookfield's Biggest-Yet Real Estate Fund Has Lured In $16B
Brookfield has so far gathered over $16 billion for its latest real estate fund, including $6 billion bagged in the last quarter, setting the fund up to be the asset management giant's largest property investment strategy ever, executives said Tuesday.
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May 06, 2025
3 Firms Guide Blackstone's $150M Manhattan Hotel Purchase
Kramer Levin, Gibson Dunn and Jones Day guided Blackstone's $150 million purchase of a 292-key New York City hotel and a $125 million mortgage refinancing existing debt on the property, per county records.
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May 06, 2025
Fried Frank Reps 70-Year NYU Lease With $935M Upfront Cash
Fried Frank Harris Shriver & Jacobson LLP advised New York University in paying nearly $1 billion upfront to finalize a 70-year master lease for 1.1 million square feet of space in Vornado Realty Trust's 770 Broadway building.
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May 05, 2025
Hotel REIT Forecasts Uncertain '25 Outlook Despite Brisk Q1
Host Hotels & Resorts said economic uncertainty following recent tariff announcements led the real estate investment trust to moderate its outlook for 2025, even as the company reported strong demand in luxury and resort properties for the first quarter.
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May 05, 2025
Shutts & Bowen Takes Aim At Malpractice Suit Over Club Sale
Florida firm Shutts & Bowen LLP and one of its partners pushed back against a real estate corporation's malpractice lawsuit alleging they sank the sale of a country club with a motion requesting the court either transfer or dismiss the case.
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May 05, 2025
5 Firms Pilot Pershing Square's $900M Howard Hughes Deal
Hedge fund Pershing Square will grow its ownership stake in Howard Hughes Holdings and expand the company's business lines beyond real estate development in a $900 million deal put together by five law firms, the companies said Monday.
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May 05, 2025
Insurer Knowingly Skimped On Storm Probe, Texas Court Told
A Houston-area developer's insurer deliberately refrained from a proper investigation after a May 2024 storm and thus came up short on covering losses, the developer told a Texas federal court Monday.
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May 05, 2025
Umpqua Bank Class Seeks Approval Of $55M Ponzi Suit Deal
A class of Umpqua Bank investors has asked a California federal judge to give the initial OK to a $55 million settlement to end a suit alleging the bank helped execute a $300 million Ponzi scheme led by a since-deceased real estate investment manager.
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May 05, 2025
2 Firms Guide $166M Loan For Brooklyn Parcels
Scale Lending LLC, the lending affiliate of Slate Property Group, provided a $166 million construction loan to a business connected to Goose Property Management for three Brooklyn properties in a deal guided by Sheppard Mullin Richter & Hampton LLP and Sheppe LLP, Sheppard Mullin told Âé¶¹´«Ã½360 on Monday.
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May 05, 2025
NYC Real Estate Week In Review
Fried Frank and Romer Debbas helped out with two of the largest New York City real estate deals that hit public records last week, with a nine-figure transaction leading the way.
Expert Analysis
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Sale-Leasebacks May Provide A Safe Financing Alternative
Amid rising interest rates and unpredictable market conditions, sale-leasebacks can be a useful investment option for both buyers and sellers, though their potential drawbacks demand careful consideration, says Chanel Di Blasi at Crosbie Gliner.
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5 Recent Developments Family Offices Are Watching In 2024
Although family offices have long been exempt from many of the more onerous regulations and reporting requirements governing U.S. investment advisers and asset managers, recent amendments to federal rules will have an impact on how family offices invest and operate in 2024, say attorneys at Morgan Lewis.
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A Challenging CRE Environment Holds Opportunities In 2024
As the commercial real estate market faces reduced occupancy levels and rising financing costs, the new landscape will be favorable to those who can leverage capital, strategic vision and expertise to meet challenges like taking on distressed properties and converting office space to residential use, say Nesa Amamoo and Vered Rabia at Skadden.
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What The 2023 Bank Failures Taught Us, And What's To Come
As 2023 draws to a close, it's apparent that the bank failures this past spring sparked a seismic shift in the regulatory and supervisory landscape for banking organizations, and the consequences are still continuing to be felt throughout the financial sector as we head into 2024, say attorneys at Morgan Lewis.
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A Difficult Year For CRE, But Future May Be Brighter
2023 was a challenging year for the commercial real estate industry, marked by significant uncertainty, but market pressure and signs of rising interest rates provide some reasons to be cautiously optimistic for the year ahead as pandemic headwinds and gridlock fade away, say attorneys at Ropes & Gray.
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3 Developments That Will Affect Hospitality Companies In 2024
As the hospitality industry continues its post-pandemic recovery, it faces both challenges and opportunities to thrive in 2024, including navigating new labor rules, developing branded residential living spaces and cautiously embracing artificial intelligence, says Lauren Stewart at Sheppard Mullin.
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What WeWork's Ch. 11 Filing Means For Landlords
WeWork’s recent Chapter 11 filing in New Jersey has the potential to be one of the most consequential cases in the real estate industry in many years, and presents a number of issues for landlords, including unexpired leases, assumption, assignment and more, say attorneys at Mayer Brown.
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The 4 Top Philadelphia Commerce Court Opinions Of 2023
Four 2023 rulings from the Philadelphia County Court of Common Pleas — including decisions on judicial privilege, stay requests, sheriff's sales and the appointment of a receiver — highlight the court's commitment to stringent standards and address evolving challenges in commercial litigation, say Jonathan Hugg and Sarah Boutros at Eckert Seamans.
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A Former Bankruptcy Judge Talks 2023 High Court Rulings
In 2023, the U.S. Supreme Court issued four bankruptcy law opinions — an extraordinary number — and a close look at these cases signals that changes to the U.S. Bankruptcy Code will have to come from Congress, not the courts, says Phillip Shefferly at the University of Michigan Âé¶¹´«Ã½ School.
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5 Traps To Avoid When Selling CRE In Las Vegas Area
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.
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'Brownfields' Definition Key To Energy Community Tax Credits
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.
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Why Courts Are Nixing Insurer Defense Recoupment Claims
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.
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The SEC's Cooled Down But Still Spicy Private Fund Rules
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.