Commercial
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June 16, 2025
SilverRock Lenders Say $60M Ch. 11 Baseline Bid Too Low
Secured lenders of resort construction firm SilverRock Development Corporation have objected to the debtor's proposed designation of a stalking-horse bid, telling a Delaware bankruptcy court on Monday the $60 million offer is far below the asserted value of the company's real estate assets.
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June 16, 2025
Greenberg Traurig Adds Goodwin Procter Atty In Boston
Greenberg Traurig LLP has hired a Goodwin Procter LLP partner as a shareholder for its Boston real estate team.
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June 16, 2025
Hotel Says Zurich Owes $5.1M For Income, Value Losses
A Zurich Insurance Group unit owes over $5.1 million for business income and extra expenses losses and lost property value after a Texas hotel sustained water damage related to vandalism, the hotel owner told an Oregon federal court, saying the insurer covered repair costs but refused to pay for other losses.
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June 16, 2025
Winery Can't Overcome Ex-Atty's 'Negligence' In Noise Suit
The Pennsylvania Superior Court held in a precedential ruling that the negligence of a winery's former counsel in failing to communicate with the winery during litigation over operating in a neighborhood isn't a good enough reason to reverse an order shutting it down.
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June 16, 2025
Duane Morris Opens Office Designed For Collaboration In NYC
Duane Morris LLP announced Monday that it has opened an office in Manhattan that brings together about 80 attorneys from its previous office in Times Square and 60 lawyers who were at the former Satterlee Stephens LLP offices on Park Avenue for the first time since the March 2020 merger of the two firms.
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June 16, 2025
Dechert, Skadden Guide $1.16B Industrial Portfolio Financing
Industrial Logistics Properties Trust announced on Monday it has secured a $1.16 billion financing that it plans to use to pay down mortgage debt coming due in October, in a deal guided by Dechert LLP and Skadden Arps Slate Meagher & Flom LLP.
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June 16, 2025
Walker & Dunlap Closes $135M Real Estate Fund
Real estate private equity shop Walker & Dunlap Investment Partners, advised by Polsinelli PC, on Monday revealed that it wrapped up fundraising for its seventh discretionary fund after securing $135 million from investors.
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June 16, 2025
NYC Real Estate Week In Review
Konner Gershburg and Abrams Garfinkel are among various law firms that scored work on the largest New York City real estate deals that hit public records last week, a slow period that saw only one deal above the $15 million mark.
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June 16, 2025
Aztec Fund Gets OK To Wind Down Business In Ch. 11
A Texas bankruptcy judge has approved private equity investment group Aztec Fund's Chapter 11 liquidation plan, letting the debtor wind down its business after agreeing to sell three office buildings to settle a dispute with Bank of America.
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June 13, 2025
Invesco Lends $354.6M For Bridge Industrial Portfolio Refi
A Bridge Investment Group firm won a $354.6 million refinancing for an industrial portfolio of properties in five states from an affiliate of Invesco Real Estate, with Sidley Austin LLP and Troutman Pepper Locke LLP advising.
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June 13, 2025
Cannabis Fund Seeks End Of $145M Mismanagement Suit
An investment fund has decided to voluntarily dismiss its lawsuit against two California businessmen who allegedly squandered $145 million given to them by a now dead Russian billionaire to launch cannabis grow operations in the state.
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June 13, 2025
White House Stands By Biden-Era Construction Labor Rule
The Trump administration clarified that federal agencies should still use project labor agreements on large federal construction projects, weeks after a court vacated two agencies' directives that purported to eliminate this requirement.
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June 13, 2025
Tax Credit Sales Would Be Difficult To Insure Under House Bill
House Republicans' sweeping budget bill proposes to promptly scale back the clean energy tax incentives established by the 2022 climate law, a move that would make it difficult for tax insurers to back project development deals that want to sell their tax credits for cash.
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June 13, 2025
NFL Team Says Cleveland Is Stalling In Stadium Move Fight
The Cleveland Browns hit back at the city's bid to convince an Ohio federal court to reconsider its decision to let the National Football League team amend its stadium move suit, arguing that reconsidering the ruling is unnecessary and that the city is just stalling.
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June 12, 2025
Domino's Seeks To Shake Suit Over Performance Statements
Domino's Pizza Inc. pushed for the dismissal of a proposed securities class action alleging the pizza giant knew that a major franchisee would underperform when the company made positive, forward-looking statements to shareholders, arguing that the claims are based on assertions over which the chain can't be sued.
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June 12, 2025
Locals Approve $3B Plan To Lure NHL Team Back To Atlanta
Officials in Forsyth County, Georgia, north of Atlanta, have signed off on a $3 billion mixed-use plan anchored by an arena, which developers hope will draw a professional hockey team back to the region.
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June 12, 2025
Insurer Says $30M Counterclaims Against Builder Not Covered
An insurer says it owes no coverage for nearly $30 million in counterclaims against a construction company that allegedly violated its contract for a Texas project, telling a Tennessee federal court that the counterclaims either didn't involve covered bodily injury or property damage or were otherwise excluded.
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June 12, 2025
3 Firms Help Sixth Street Partner With Housing Developer
Sixth Street Investment, advised by Latham & Watkins LLP and Nixon Peabody LLP, has teamed up with L+M, led by Fried Frank Harris Shriver & Jacobson LLP, to support the real estate firm's housing development and investment efforts across the U.S.
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June 12, 2025
Firms Seek Luxury Or Stay Put In Tight Real Estate Market
A reduction in new construction and office vacancy has led more firms to renew their office leases in recent years, while others are spending significantly more than the original asking price on leasing new luxury offices, according to a recent report.
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June 12, 2025
Casino Plan Gets Nod From NYC Council With Mayor's Help
The New York City Council set the groundwork for the state Legislature to earmark a portion of a Bronx park for Bally's proposed casino project, overriding opposition from the district's city councilmember with Mayor Eric Adams' support.
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June 12, 2025
Castle Peak Raises $315M, With Wyoming Resort Its First Buy
Investment firm Castle Peak Holdings on Thursday said it raised $315 million in its second vehicle, acquiring the Snow King Resort in Jackson Hole, Wyoming, in the fund's first purchase.
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June 12, 2025
Pa. Panel Says Borough Didn't Break Âé¶¹´«Ã½ In Condemning Mall
A Pennsylvania appellate panel affirmed a decision backing the borough of West Mifflin's condemnation of a local mall, rejecting the property owner's argument that its due process rights were violated.
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June 12, 2025
Maine Gives 2 Years To Fight Tax Debt Biz Property Takings
Maine won't allow challenges to governmental takings of commercial real estate for nonpayment of property taxes after a statutory two-year period ends, under a bill signed by the governor.
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June 12, 2025
Retail REIT InvenTrust Closes $306M Sale Of Calif. Properties
A retail-focused real estate investment trust has unloaded five California retail properties for $306 million and plans on using the money to reinvest in "key Sun Belt markets," the REIT announced on Thursday.
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June 11, 2025
EB-5 Investor Suit Belongs In Arbitration, Fla. Court Hears
The developers of a mixed-use real estate project in Boca Raton have asked a Florida federal judge to send to arbitration a proposed class action by foreign investors seeking EB-5 immigrant visas, who claim their money was reinvested without their consent.
Expert Analysis
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Avoiding Pitfalls Around New Calif. Commercial Lease Âé¶¹´«Ã½
A California law that became effective this year requires commercial landlords to extend certain protections previously afforded to residential tenancies, and a few key provisions of the law especially warrant reexamination of leasing and operational processes, say attorneys at Holland & Knight.
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Measuring And Mitigating Harm From Discriminatory Taxes
In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.
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Addressing Tariff Price Escalation In Construction Contracts
As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.
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How The CRE Industry Is Adapting To Tariff Uncertainty
Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.
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Reconciling 2 Smoke Coverage Cases From California
As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.
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Contractor Remedies Amid Overhaul Of Federal Spending
Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.
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Contract Disputes Recap: Terminations Galore
Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.
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Making The Opportunity Zones Program Great At Last
As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.
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Investor Essentials For Buying Federally Owned Property
Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.
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How 2025 Is Shaping The Future Of Bank Mergers So Far
Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.
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Why NY May Want To Reconsider Its LLC Transparency Âé¶¹´«Ã½
Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.
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How GSA Lease Clauses May Affect DOGE Terminations
The Department of Government Efficiency has begun to cut the U.S. General Services Administration's enormous real estate portfolio, but some standard lease clauses include limits helpful to landlords that may slow progress toward the administration's cost-cutting goals, say attorneys at Pillsbury.