Commercial
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February 02, 2026
Gibson Dunn, Sullivan & Cromwell Lead SpaceX, XAI Merger
Elon Musk announced Monday that SpaceX, represented by Gibson Dunn & Crutcher LLP, has acquired his artificial intelligence startup xAI, advised by Sullivan & Cromwell LLP, in a bid to launch space-based data centers, amid plans for an initial public offering that would value the aerospace company at more than $1 trillion.
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February 02, 2026
DC Circ. Gets History Lesson As Tribe Fights For Utah Land
The D.C. Circuit got a lesson in tribal history dating back to the 19th century as lawyers for the federal government and a Native American tribe argued Monday whether a congressional act gives the tribe compensable title to 1.5 million acres of Utah land where an oilfield lies.
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February 02, 2026
Colo. Hotel Owners Accused Of Owing Nearly $14M On Loan
A lender accused two real estate investors in Colorado state court of defaulting on a nearly $30 million loan and violating its terms by entering into property transfers with affiliates without approval.
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February 02, 2026
Newmark To Lease Vornado Penn District Retail Addition
Vornado Realty Trust is transforming another strip of retail at The Penn District and has tapped Newmark as the leasing agent for the latest component of the real estate investment trust's $2.5 billion New York City revitalization project.
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February 02, 2026
Detroit Must Pay $3.6M In Airport Property Dispute
A Michigan federal judge on Monday signed off on a $3.6 million deal to end a yearslong lawsuit that made its way to the Sixth Circuit alleging the City of Detroit took a commercial property owner's land while working on an expansion of its municipal airport.
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February 02, 2026
Jury Finds Real Estate Co. Founder Liable In SEC Fraud Case
A Colorado jury sided with the U.S. Securities and Exchange Commission in its $49.5 million investment fraud suit against the founder of a real estate investment company.
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February 02, 2026
Hotel Lender Says It Had No Part In Latham's Loan Error
The lender that benefited from an allegedly botched $152 million Miami hotel loan, in a reply last week to counterclaims, said there was no error on its part and said claims against it are barred because the borrowers, two veteran real estate investors, could instead sue their attorney, a practice leader at Latham, for malpractice.
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February 02, 2026
Del. Lawmakers OK Review, Revision Of Property Assessment
Delaware would authorize New Castle County's Office of Finance to review and revise property reassessments for tax purposes if a mistake were made in the reassessment process or certain changes in value occurred under a bill approved by state lawmakers and headed to the governor.
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February 02, 2026
Blank Rome Nabs 5 Jeffer Mangels Hospitality Pros
Jeffer Mangels Butler & Mitchell LLP founding partner Jim Butler has decamped to Blank Rome LLP with a team of four other hospitality pros, who will help build out the firm's hospitality and real estate teams, Blank Rome announced Monday.
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February 02, 2026
Town's Northeastern Univ. Land Grab Divides Mass. Top Court
Justices on Massachusetts' highest court appeared split Monday over whether a town's use of eminent domain to prevent Northeastern University from expanding a research center was a proper use of that power.
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February 02, 2026
NJ Panel Backs Dismissal Of Longtime Redevelopment Feud
A New Jersey appellate court on Monday upheld the dismissal of multiple claims involving two Jersey City parcels that were related to a long-running redevelopment dispute between business partners.
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February 02, 2026
Latham, Gibson Dunn Steer Brookfield's $1.2B Peakstone Buy
Private equity giant Brookfield Asset Management, advised by Gibson Dunn & Crutcher LLP, on Monday unveiled plans to acquire Latham & Watkins LLP-led Peakstone Realty Trust in a $1.2 billion take-private transaction.
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January 30, 2026
Real Estate Attys 'Not Going In Blind' Amid Data Center Boom
The explosion of artificial intelligence has created a sharp demand for new data centers with no signs of slowing down, posing challenges that have some real estate attorneys turning to well-worn playbooks from other industries.
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January 30, 2026
USPS Claims No Obligation To Redevelop Wash. Parcel
The U.S. Postal Service urged a Washington federal court to dismiss a developer's suit over the parties' decades-old agreement to develop and sell a parcel of land in Washington, saying it was under no obligation to renegotiate the parties' agreement in the months before it expired.
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January 30, 2026
Wash. Plaintiffs Fight NY Transfer Request In REIT Merger Suit
A proposed class of investors urged a judge to keep their securities case over a merger between two real estate investment trusts in Washington federal court instead of granting the defendants' request to transfer the case to New York federal court.
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January 30, 2026
Pa. Restaurant Wants Walmart To OK Roof Permit
A Pennsylvania restaurant claims in a complaint in Pennsylvania state court that its Walmart Inc. landlord has failed to approve a permit for replacing the restaurant's "old and deteriorated" roof.
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January 30, 2026
FTC Requires Facility Sales For $835M Healthcare Deal
The Federal Trade Commission reached an agreement Friday allowing Sevita Health to move ahead with an $835 million deal for BrightSpring Health Services Inc.'s community living business, conditioned on the sale of more than 100 facilities.
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January 30, 2026
Feds Say Suit To Block Trump From Painting Building Is Moot
The federal government asked a D.C. federal court to toss a lawsuit seeking to stop President Donald Trump from painting a historic building white, saying the president has already agreed to pause his plan until environmental reviews are completed.
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January 30, 2026
Taxation With Representation: Clifford Chance, Ropes & Gray
In this week's Taxation With Representation, real estate investment trust Apollo Commercial Real Estate Finance Inc. announces plans to sell a loan portfolio to retirement services company Athene Holding Ltd., engineering and technology company Leidos acquires Entrust Solutions Group, and Prosperity Bancshares Inc. and Stellar Bancorp Inc. announce a merger.
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January 30, 2026
NJ Panel OKs Bank's COD Denial For Family Dollar Build
A New Jersey appeals panel on Friday found that a bank was within its rights to refuse to fund cash-on-delivery payment for a prefabricated steel structure a developer planned to use on a project to build a Family Dollar store.
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January 30, 2026
Prosecutors Can't Revive RICO Case Against NJ Powerbroker
The New Jersey Appellate Division on Friday rejected a bid from state prosecutors to revive the criminal racketeering case against South Jersey powerbroker George Norcross and several others, finding that the allegations either did not amount to crimes or were brought too late.
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January 29, 2026
Del. High Court Won't Revive Goldman Heirs' Dispute
Delaware's Supreme Court on Thursday affirmed an earlier finding that the late billionaire Sol Goldman's grandson has the right to administer his deceased father's property and settle his interest in the family's vast real estate empire, as the estate executor.
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January 29, 2026
Boulder County Residents Lose Easement Appeal
A Colorado Court of Appeals panel found Thursday in a ruling of first impression that adjacent property owners lack standing to challenge the termination of a conservation easement in a group of Boulder County landowners' appeal against the county.
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January 29, 2026
Winter Storm's Costs For Insurers Likely To Be Manageable
The winter storm that plunged much of the U.S. into a deep freeze this week will likely bring about insurance claims challenges related to cause of loss and business interruptions, though market analysts expect the costs will be manageable for insurers.
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January 29, 2026
Prospect Ends Calif. Sale Row, Expects To Close RI Deal
Prospect Medical Holdings told a Texas bankruptcy judge on Thursday that a dispute stemming from the sale of its California hospitals has been resolved and that the sale of its Rhode Island hospitals may finally close a year after the deal was approved.
Expert Analysis
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Bid Protest Spotlight: Debriefings, Timeliness, Documentation
James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.
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A Look At Recent Case Law On Expedited Judgment In NY
A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.
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Dealmaker Lessons From CFIUS' New Enforcement Webpage
The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.
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Reassessing Lease Provisions To Account For ESG Initiatives
As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.
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Avoid Getting Burned By Agencies' Solar Financing Spotlight
Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.
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Co-Tenancy Clause Pointers For Shopping Center Landlords
Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.
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Assessing Algorithmic Versus Generative AI Pricing Tools
A comparison of traditional algorithmic pricing models and those powered by generative artificial intelligence can help regulators and practitioners weigh the pros and cons of relying on large language models to price products or services, say Maxime Cohen at McGill University, and Tim Spittle and Jimmy Royer at Analysis Group.
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Navigating A Potpourri Of Possible Transparency Act Pitfalls
Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.
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Keys To Successful Commercial Property Insurance Claims
Excerpt from Practical Guidance
While insurance needs for commercial leasing arrangements are driven by the characteristics of the premises and the nature of the tenants' intended operations, there are several universal best practices landlords and their counsel can follow when making claims after loss or damage.
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Tips For Handling Single Asset Real Estate Bankruptcy Cases
Excerpt from Practical Guidance
Bankruptcy counsel should consider several strategies when representing either a debtor or lender in single asset real estate debtor Chapter 11 cases, which generally arise when a debtor is forced to file for relief to stop an impending foreclosure sale.
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Increased Scrutiny Raises Int'l Real Estate Transaction Risks
Recently proposed regulations expanding the Committee on Foreign Investment in the United States' oversight, a White House divestment order and state-level legislative efforts signal increasing scrutiny of real estate transactions that may trigger national security concerns, say Luciano Racco and Aleksis Fernández Caballero at Foley Hoag.
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Portland's Gross Receipts Tax Oversteps City's Authority
Recent measures by Portland, Oregon, that expand the voter-approved scope of the Clean Energy Surcharge on certain retail sales eviscerate the common meaning of the word "retail" and exceed the city's chartered authority to levy tax, say Nikki Dobay at Greenberg Traurig and Jeff Newgard at Peak Policy.
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Proposed Law Would Harm NYC Hospitality Industry
A recently proposed New York City Law that would update hotel licensing and staff coverage requirements could give the city commissioner and unions undue control over the city's hospitality industry, and harm smaller hotels that cannot afford full-time employees, says Stuart Saft at Holland & Knight.