Commercial
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March 25, 2026
ICE Builds Out Detention Centers, And The Suits Pile Up
U.S. Immigration and Customs Enforcement's surging need for detention space — fueled by increased funding and a rapid escalation in enforcement activity — has sparked litigation from local lawmakers and advocacy groups concerned by the agency's full-throttle approach and perceived disregard for surrounding communities.
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March 25, 2026
Meet The Attys In Biotech Biz Finch's Ch. 11
A team of attorneys from Chipman Brown Cicero & Cole LLP and Ropes & Gray LLP is steering the Chapter 11 case of Finch Therapeutics, a company that develops treatments to improve the health of the body's microbiome.
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March 25, 2026
SmartStop, AXCS Capital Ink $100M Self-Storage JV
SmartStop Self Storage REIT Inc. and AXCS Capital Inc. have formed a $100 million real estate credit joint venture, with which the pair say they plan to target bridge debt and preferred equity investments in the self-storage sector.
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March 25, 2026
Developer Plans $214M Industrial Site In Second Va. Project
Commercial real estate company Flint Development said Wednesday it has won approval to start work on a $213.5 million industrial facility along Interstate 95 in Thornburg, Virginia.
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March 25, 2026
Lender Targets Borrower, Guarantor In $3.8M Default Suit
A Delaware lender has sued a group of real estate investors and affiliated entities in Delaware Chancery Court, accusing them of defaulting on a $3.8 million mezzanine loan and then diverting collateral to avoid repayment.
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March 25, 2026
HIG Realty Lands $1.6B Refi For Resorts, Logistics Portfolios
H.I.G. Capital has secured a $1.6 billion recapitalization of resorts in the Mediterranean region and warehouse properties in Europe through a lending consortium led by Piraeus Bank, the investment firm said Wednesday.
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March 25, 2026
US Could Approach $500B In Data Center Investment In 2026
Last year saw more than $580 billion in global data center investment, up 27% from 2024, and the U.S. alone in 2026 could approach $500 billion in such investment, according to a report Colliers released Wednesday.
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March 25, 2026
Foley & Lardner Moving Jacksonville Shop To New Tower
Foley & Lardner LLP announced plans Wednesday to move its Jacksonville, Florida, office later this year to a recently constructed six-floor tower in the city's downtown sports and entertainment district that is also home to the new business headquarters of the NFL's Jacksonville Jaguars.
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March 25, 2026
Contractor Sues Over 'Abandoned' Milwaukee Timber Tower
A developer that pitched a Milwaukee high-rise as the biggest in North America to use a timber-based structural system is facing a state lawsuit from a general contractor that claims it is owed $11.3 million for work before the project shut down in September.
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March 25, 2026
FBT Gibbons Lands Public Finance Pros From BigLaw Firms
FBT Gibbons LLP has added two public finance partners, one from Bracewell LLP in Houston and another from Barnes & Thornburg LLP in Columbus, Ohio.
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March 25, 2026
Brokers Claim CBRE Withheld Pay On Legal Tenant Deal
Three brokers are accusing CBRE of diverting $4 million in commissions from a Washington, D.C., office tenancy deal with a legal industry client to others who didn't substantively work on the transaction, according to a D.C. federal suit.
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March 25, 2026
Marriott Vacations Promotes Deputy GC To Top Spot
Marriott Vacations Worldwide Corp. has promoted its deputy general counsel to take over as the company's new top lawyer, replacing its longtime general counsel who stepped down earlier this month.
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March 25, 2026
Utah Expands Unrelated Biz Income Definition For Corp. Tax
Utah will expand its definition of corporate income to include income allocated to the state under a bill signed by the state's governor.
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March 25, 2026
Biotech 'Lowballed' Landlord On Lease Exit, Suit Says
Biopharma company Werewolf Therapeutics has offered its Massachusetts landlord little more than 10 cents on the dollar to buy out the remainder of a lease for its lab space, even as the firm pays out departing executives and other creditors, according to a lawsuit brought in state court.
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March 25, 2026
Idaho Expands Retail Developer Sales Tax Rebate
Idaho expanded a sales tax rebate to reimburse developers of retail complexes for eligible transportation project expenses under a bill signed by the governor.
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March 24, 2026
Caribbean Resort Seeks OK For Ch. 11 Global Settlement
A bankrupt resort residence complex on the Caribbean island and British Overseas Territory of Anguilla asked a Delaware judge to approve a settlement with various parties including a family who alleged their child was attacked by a facility employee.
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March 24, 2026
Jay Group's NYC Resi Tower Lands $300M Refi
Affinius Capital LLC announced Tuesday that it originated a $300 million loan for the developer behind a 30-story multifamily project in New York City, which will see the project through the end of construction as well as lease-up.
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March 24, 2026
Multifamily Most Delinquent Among $3.2B CMBS Debt Maturing
Nearly $3.2 billion in commercial mortgage-backed securities debt is reaching hard maturity in March, and among maturing CMBS loans, multifamily has the highest delinquency rate, according to a report Monday from Trepp.
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March 24, 2026
NYC Real Estate Week In Review
Mayer Brown and Fried Frank are among the law firms that guided the largest New York City real estate deals that hit public records last week, with Manhattan trades occupying the top four spots on the list.
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March 24, 2026
Private Construction Spend Drops Again In Jan., Census Says
U.S. construction spending broadly slowed down again in January, with both residential and nonresidential segments declining from a month prior, according to recent data from the U.S. Census Bureau.
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March 23, 2026
Timeshare Exit Co.'s Insurer Challenges $630M Class Deal
Insurance provider General Casualty Co. of Wisconsin on Friday challenged client Reed Hein & Associates LLC's $630 million settlement with a class of Reed Hein customers in Washington federal court, saying the figure was crafted by a plaintiffs' expert with no relevant background.
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March 23, 2026
EQT Real Estate Buys NJ Industrial Park From New York Life
EQT Real Estate said Monday that it has acquired a master-planned industrial park in southern New Jersey spanning nearly 2 million square feet from an arm of insurance company New York Life.
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March 23, 2026
KKR, TMG Lease Silicon Valley Office Campus To OpenAI
KKR Real Estate Finance Trust Inc. and TMG Partners confirmed that OpenAI has leased a Silicon Valley, California, office campus, which KKR had tapped TMG to reposition in hopes of attracting a global tech tenant.
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March 23, 2026
Shopping Mall Magnate David Simon Dies From Cancer At 64
David Simon, CEO and president of Indiana-based shopping mall giant Simon Property Group, has died after a battle with cancer, the company announced. Simon was 64.
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March 23, 2026
Developers Clinch $4.3B Financing For Beverly Hills Project
Cain and Eldridge Industries have secured $4.3 billion in loans through J.P. Morgan and VICI Properties to complete construction for One Beverly Hills, a luxury mixed-use project including residences, hotel rooms, retail and 10 acres of garden space, according to a March 23 announcement.
Expert Analysis
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Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
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Nippon Order Tests Gov't Control Over Foreign Investments
The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.
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A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.
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As EPA Backs Down, Expect Enviros To Step Up Citizen Suits
As President Donald Trump's U.S. Environmental Protection Agency draws down federal enforcement efforts, environmental groups will step into the void and file citizen suits — so companies should focus on compliance efforts, stay savvy about emerging analytical and monitoring methods, and maintain good relations with neighbors, say attorneys at Beveridge & Diamond.
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Emphasize Social Spaces During RE Project Public Review
As Boston continues to work through revisions to its public review process for real estate projects, developers attempting to balance impact mitigation and community improvements may benefit from emphasizing the ways in which development plans can facilitate open social exchange, says David Linhart at Goulston & Storrs.
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What Contractors Can Do To Address Material Cost Increases
In light of the Trump administration's plans to increase tariffs on Mexico, Canada and China, construction industry players should proactively employ legal strategies to mitigate the impacts that price increases and uncertainty may have on projects, says Brenda Radmacher at Seyfarth Shaw.
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Reg Waiver Eases Calif. Rebuilding, But Proceed With Care
California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.
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Insurance Considerations For LA Wildfire Recovery
Businesses and homeowners affected by the destructive Southern California wildfires must act swiftly and strategically to navigate the complexities of the insurance recovery process, including by identifying all applicable policies, documenting damage thoroughly and keeping abreast of relevant state law, say attorneys at Morgan Lewis.
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LA Wildfires' Effect On Calif. Insurer Of Last Resort
Attorneys at Willkie discuss the background of California's insurer of last resort — known as the Fair Access to Insurance Requirements Plan — and examine the process of assessing member insurers and relevant recent property insurance market developments in light of the destruction from the ongoing Los Angeles wildfires.
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Public Corruption Enforcement In 2024 Has Clues For 2025
If 2024 activity is any indication, the U.S. Supreme Court will likely continue to rein in expansive prosecutorial theories of fraud in the year to come, but it’s harder to predict what the new administration will mean for public corruption prosecutions in 2025, says Cathy Fleming at Offit Kurman.
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Small Biz Caught In Corporate Transparency Act Crossfire
Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.
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What's Ahead As Transparency Act Comes To A Crossroads
Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.
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Timeline Considerations For Boston's New RE Review Process
Boston's newly reimagined large real estate project review process, featuring early community engagement, holds impacts for project timelines that land use counsel must account for when guiding developers through approvals, says David Linhart at Goulston & Storrs.