Commercial
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April 15, 2026
KC Moves Closer To Approving $1.9B Ballpark Plan For Royals
Kansas City, Missouri, Mayor Quinton Lucas announced the city's Parks and Recreation Board of Commissioners had authorized a plan that would help the Royals baseball team build a new $1.9 billion stadium downtown.
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April 15, 2026
Lingerfelt, Partners Group Sell Industrial Portfolio For $175M
A joint venture of real estate firm Lingerfelt and private equity firm Partners Group said Wednesday that it has sold a 1.6 million-square-foot industrial portfolio in the Richmond, Virginia, area for $175 million.
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April 15, 2026
US Says It Will Stay Out Of Calif. Monument Venue Dispute
The U.S. Department of the Interior won't weigh in on whether a dispute between a miner, tribal nations and conservation groups over the Chuckwalla National Monument's establishment in California should stay in a Michigan district court.
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April 15, 2026
Enviro Groups Back Garden State's Bid To Block ICE Facility
A coalition of environmental groups and community residents asked a New Jersey federal court for permission to file an amicus brief supporting the Garden State's bid to halt the conversion of a warehouse to a U.S. Immigration and Customs Enforcement detention center, offering their perspective on the local environmental threats of the project.
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April 15, 2026
Whistleblower Suit Alleges Wells Fargo Inflated CMBS Income
A whistleblower lawsuit unsealed this week in New York state Supreme Court accused Wells Fargo of inflating income of underlying properties across numerous commercial mortgage-backed securities loans it pooled, allowing it to evade $220 million in state and local taxes.
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April 15, 2026
Landlord Wants Out Of Fraud Claim In NJ AG's RealPage Suit
A New Jersey landlord is urging a federal court to revisit part of a March decision and dismiss claims against it under a state consumer fraud statute amid the New Jersey attorney general's antitrust suit against RealPage Inc. and 10 of the state's largest landlords.
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April 15, 2026
Collective Expanded In OT Suit Against Land Management Co.
New affidavits workers provided in their overtime suit against a land management company support their bid to expand their collective on a nationwide basis, a Maryland federal judge ruled Wednesday, rejecting the company's argument that the request was a "second bite at the apple."
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April 14, 2026
Bascom Group Pays $103M For Vegas Apartment Community
Real estate private equity firm The Bascom Group LLC has paid $103 million for a five-story, 294-unit Class A apartment community in Las Vegas, the firm announced Tuesday.
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April 14, 2026
Wells Fargo, JPMorgan Mulling Mediation In $481M Loan Suit
Wells Fargo Bank is considering mediating and settling its suit against JPMorgan Chase Bank and a New York City developer over a $481 million commercial mortgage-backed securities loan deal that allegedly caused millions of dollars in losses, according to a joint letter filed in New York federal court.
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April 14, 2026
Okla. Voters To Decide Reimbursement Of Exemption Revenue
Oklahoma residents will vote on a constitutional amendment that if passed would require statewide laws establishing reimbursement methods for local taxing jurisdictions that lose money due to the manufacturing facilities property exemption, under an approved resolution.
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April 14, 2026
MoFo Guides $167M Loan For NYC Office-To-Resi Conversion
Morrison Foerster LLP advised BHI on its origination of a $167 million loan for Yellowstone Real Estate Investment's adaptive reuse project which will transform a Manhattan office building into a multifamily building, according to county property records.
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April 14, 2026
Nuveen Anchors $240M Investment With Rooftop Solar Credits
Asset manager Nuveen on Tuesday agreed to anchor a $240 million portfolio for New Jersey-based commercial solar company Solar Landscape in a deal that follows another transaction between the firms last year.
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April 14, 2026
Cadwalader Guides $257M Mortgage For NYC Office
Real estate asset manager Rithm Capital Corp. has secured $257.5 million to refinance its stake in the 34-story Midtown Manhattan tower 1325 Avenue of the Americas, in a deal advised by Cadwalader Wickersham & Taft LLP.
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April 14, 2026
Developer Lands $104M For Ga. Hotel Adaptive Reuse Project
The LCP Group has announced that it originated $104.5 million in construction financing for Seyfarth Shaw guided-TMGOC Ventures' redevelopment of a historic office tower in Savannah, Georgia, into a luxury Ritz-Carlton branded hotel.
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April 13, 2026
Jack In The Box Wants 38 Washington Stores Kept Open
Jack in the Box Inc. urged a Washington state judge to temporarily bar two franchisees from closing dozens of locations across the state, claiming that they owe nearly $1.4 million in unpaid marketing fees and that unilaterally shuttering the stores would violate their franchise agreements.
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April 13, 2026
Maryland Urges Court To Block ICE Detention Center Project
Maryland told a federal court once again that it must stop the U.S. Department of Homeland Security and its U.S. Immigration and Customs Enforcement agency from converting a local commercial warehouse into an immigrant detention center, arguing that the planned center will pollute the environment, hurt wildlife and endanger public health.
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April 13, 2026
NYC Real Estate Week In Review
Patterson Belknap and Wachtel Missry are among various law firms that steered the largest New York City real estate deals that hit public records last week, with a nine-figure Manhattan matter leading the way.
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April 13, 2026
No Early Win For HOA In Storm Coverage Suit
A Denver-area homeowners association hasn't shown conclusively that losses during a 2018 hailstorm were incurred during its policy period or that its insurer failed to investigate the complex's claim, a Colorado federal judge ruled while denying the association an early win in its lawsuit over denied coverage.
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April 13, 2026
Mass. Developer Gets Green Light For 148-Acre Industrial Hub
East Coast developer National Development said Monday it secured local approvals to build a 148-acre industrial campus in Hudson, Massachusetts, and is on the hunt for logistics tenants.
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April 13, 2026
Guam Authorizes Tax Amnesty Program
Guam authorized its tax department to establish an amnesty program to waive penalties and interest on eligible delinquent taxes under a bill signed by its governor.
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April 13, 2026
CIM Group Wraps Up $154M Miami Offices Refinancing
CIM Group has closed a $154 million refinancing whole loan deal that was arranged by real estate investment bank Eastdil Secured for two office towers in downtown Miami, the real estate company announced Monday.
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April 13, 2026
Law Firm, Insurer Say Cos. Must Pay For Crane Crash Losses
Florida law firm Johnson Pope and its insurer have sued a group of companies involved in the construction of a 46-story luxury condominium tower in St. Petersburg, telling a state court they are entitled to recover losses they incurred after a crane fell and damaged the firm's office space.
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April 13, 2026
Senior Housing, Healthcare REIT Seeks $1.1B Value In IPO
Real estate investment trust National Healthcare Properties Inc. is seeking to reach a valuation of about $1.1 billion in an upcoming initial public offering advised by Paul Weiss Rifkind Wharton & Garrison LLP, Greenberg Traurig LLP and Sidley Austin LLP.
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April 13, 2026
Chinese Developer Kaisa Files $15.7B Ch. 15 Recognition Bid
Chinese property developer Kaisa Group is asking a New York bankruptcy judge to extend U.S. recognition to a restructuring of its $15.7 billion in debt that it underwent last year after being hit with Chinese and U.S. lawsuits over missed payments.
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April 10, 2026
REIT Investors Ink Deal Over CEO's Alleged Undisclosed Loan
Investors in Sun Communities Inc. asked a Michigan federal judge to grant initial approval to their $2.3 million deal with the real estate investment trust to end claims that its failure to disclose its then-CEO received a loan from a board member's relatives damaged shareholders when the information emerged in a short seller report.
Expert Analysis
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5 Lender Strategies When A Commercial Borrower Defaults
With an estimated $2 trillion in commercial real estate loans set to mature by 2027, now is an opportune time for lenders to review practices on both the front and back ends, and understand the full range of options available in the event of a default, says Keith Mundrick at Amundsen Davis.
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How Workforce, Tech Will Affect 2026 Construction Landscape
As the construction industry's center of gravity shifts from traditional commercial work to infrastructure, energy, industrial and data-hosting facilities, the effects of evolving technology and persistent labor shortages are reshaping real estate dealmaking, immigration policy debates and government contracting risk, say attorneys at Cozen O'Connor.
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Receivership Law May Streamline Real Estate Sales In Illinois
The Illinois Receivership Act, which goes into effect Jan. 1, provides much-needed clarity on the issue of receivers' sales of commercial real estate and will make the process easier for parties including receivers, special servicers and commercial real estate lenders, say attorneys at Troutman.
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How Choice Of Law Won The Day In NC Biz Court COVID Case
The North Carolina Business Court recently ruled for policyholders in Tanger Properties v. ACE American Insurance, a business interruption lawsuit arising from the pandemic-related closure of Tanger outlet centers, underscoring the significant role that choice of law plays in insurance coverage disputes, say attorneys at Hunton.
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The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations
Amid a surge in commercial office leasing driven by artificial intelligence firms, it's crucial for landlords to be aware of the potential downside of accepting letters of credit — in particular, for amounts of security that are less than the statutory bankruptcy claim cap, say attorneys at Allen Matkins.
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California Vapor Intrusion Policy Should Focus On Site Risks
As California environmental regulators consider whether to change the attenuation factor used in screenings for vapor intrusion, the most prudent path forward is to keep the current value for screening purposes, while using site-specific, risk-based numbers for cleanup and closure targets, says Thierry Montoya at Frost Brown.
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What To Watch As NY LLC Transparency Act Is Stuck In Limbo
Just about a month before it's set to take effect, the status of the New York LLC Transparency Act remains murky because of a pending amendment and the lack of recent regulatory attention in New York, but business owners should at least prepare for the possibility of having to comply, says Jonathan Wilson at Buchalter.
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Power Market Reforms Push Data Center Lease Rates Higher
Rising demand, constrained supply and ongoing reforms, amid a rush for reliable, near-term computing capacity, are putting pressure on data center leasing renewal rates in large markets such as the Electric Reliability Council of Texas and PJM Interconnection Inc., say attorneys at Weil.
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Courts Stay Consistent In 'Period Of Restoration' Rulings
Three recent rulings centering on the period of restoration in lost business income claims followed the same themes in interpreting this infrequently litigated, but highly consequential, provision of first-party property and time element insurance coverage, say attorneys at Zelle.
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The Emerging Issues Shaping Real Estate Project Insurance
As real estate faces increasingly complex considerations — such as climate losses, "nuclear verdicts" and regulatory changes — insurance is evolving into a strategic function that should be discussed early in the planning stages of a project, says Jason Adams at Cox Castle.
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CFIUS Trends May Shift Under 'America First' Policy
The arrival of the Committee on Foreign Investment in the United States' latest annual report suggests that the Trump administration's "America First" policy will have a measurable effect on foreign investment, including improved trendlines for investments from allied sources and increasingly negative trendlines for those from foreign adversary sources, say attorneys at Debevoise.
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New Conn. Real Estate Laws Will Reshape Housing Landscape
With new legislation tackling Connecticut's real estate landscape, introducing critical new requirements and legal ambiguities that demand careful interpretation, legal counsel will have to navigate a significantly altered and more complex regulatory environment, say attorneys at Harris Beach.
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Trump Tax Law Has Mixed Impacts On Commercial Real Estate
The One Big Beautiful Bill Act brings sweeping changes to the real estate industry — and while the permanency of opportunity zones and bonus depreciation creates predictability for some taxpayers, sunsetting incentives for renewable energy projects will leave others with hard choices, says Jordan Metzger at Cole Schotz.