A deal for the sale of one of the towers of a downtown San Jose hotel that involves a local university is poised to make progress now that city officials are preparing a key approval step for the transaction.
The former owner of a California hotel had its arguments against a fee application from its bankruptcy counsel trimmed Thursday when a Delaware judge said the company is precluded from asserting a malpractice defense by the terms of its Chapter 11 plan.
A Delaware bankruptcy judge ruled Wednesday that it's too late for a California hotel to modify its Chapter 11 plan to bring malpractice claims against its former attorneys at Pillsbury Winthrop Shaw Pittman LLP, but that it can still contest the firm's final fee request.
While the pandemic has had varying effects on different industries, certain segments of the commercial real estate market have endured, and may yet endure, greater pain than other.
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