Commercial
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February 18, 2026
Telecom Joint Venture To Pay $2.7B For UK Fiber Company
Private equity firm InfraVia Capital Partners and European telecommunications companies Telefónica and Liberty Global will use their Nexfibre joint venture to pay $2.7 billion for Substantial Group, which is the "second-largest alternative fiber provider" in the United Kingdom, the acquiring companies announced Wednesday.
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February 18, 2026
Landlords Seek Protection In Saks' Ch. 11 Financing Plan
A group of landlords in Texas bankruptcy court objected to Saks' bid to obtain debtor-in-possession financing for its Chapter 11 plan, saying the proposed budget doesn't include millions the luxury retailer owes in rent.
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February 18, 2026
Feds Release $130M NY, NJ Gateway Hudson Tunnel Funds
New York and New Jersey officials said Wednesday that construction on the $16 billion rehabilitation of aging commuter train tunnels under the Hudson River would resume next week after the federal government released $130 million in funds that a federal judge in Manhattan recently ruled had been unlawfully frozen.
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February 18, 2026
Merus Plans To Convert Tenn. Mall To Mixed-Use District
Merus acquired a closed down Middle Tennessee mall in order to start a $450 million redevelopment plan that aims to turn the property into a 57-acre mixed-use district with housing, offices, retail areas and more, the developer announced.
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February 18, 2026
Real Estate Group Of The Year: Willkie
Willkie Farr & Gallagher LLP guided Henry Crown & Co. in a record-setting $3.5 billion refinancing of Rockefeller Center, along with advising Saks Global on its $2.7 billion acquisition of Neiman Marcus Group, earning the firm a spot among the 2025 Law360 Real Estate Groups of the Year.
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February 18, 2026
Construction Group Of The Year: Mandelbaum Barrett
Mandelbaum Barrett PC secured a $14 million trial victory for a luxury condominium association against a contractor and guided a client through a thorny construction dispute following a change of ownership, earning its spot among the 2025 Law360 Construction Groups of the Year.
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February 18, 2026
NYC Real Estate Week In Review
Romer Debbas LLP and Davis+Gilbert LLP were among the firms that handled New York City's largest recorded real estate transactions last week, which featured multiple units in luxury high-rises designed by architect Robert A.M. Stern.
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February 18, 2026
Diversity In Demand Feeds Data Center REITs' Gains
Real estate investment trusts Equinix Inc. and Digital Realty Inc. attributed the growth they experienced last quarter and last year to data center demand from various sources, including business sectors beyond cloud computing and information technology.
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February 18, 2026
JV Buys 39-Acre Industrial Outdoor Portfolio In Phoenix
Zenith Industrial Outdoor Storage said Wednesday it has acquired a 39-acre, 11-asset portfolio across the Phoenix, Arizona, metropolitan area, working with institutional investors advised by J.P. Morgan Asset Management.
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February 18, 2026
5 Firms Shape Kennedy Wilson's $1.65B Take-Private Deal
Real estate investment firm Kennedy Wilson has announced it agreed to be taken private by a consortium led by the company's CEO and Canadian insurance company Fairfax Holdings in an up to $1.65 billion deal advised by five law firms.
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February 18, 2026
SD Updates Fed. Conformity For Property, Bank, Sales Taxes
South Dakota updated its conformity with the Internal Revenue Code for various property tax, bank franchise tax and sales tax statutes under a bill signed by the governor.
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February 18, 2026
Co. Buys Part Of Fla. Waterfront Complex, Plans Expansion
A Florida company providing investment management and wellness services has purchased a portion of a Jupiter, Florida, waterfront complex where it has been based for more than 10 years.
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February 18, 2026
Shareholder Activism In Real Estate Enters New Era
Boards of directors for real estate investment trusts should expect dissenting investors to continue challenging corporate leadership behind closed doors and in the open, attorneys say, because the days of REITs being unattractive targets are over.
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February 18, 2026
Palantir Moves HQ From Denver To Miami
Palantir Technologies Inc., the artificial intelligence-powered data analytics firm, announced it has moved its headquarters to Miami, with its latest securities filings citing an address in a northern suburb of the city.
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February 17, 2026
Wash. Bank Ignored Ponzi Scheme Warnings, Investors Say
Investors have urged a Washington federal judge not to toss their suit accusing Columbia Bank of keeping a real estate investment firm's $230 million Ponzi scheme afloat by maintaining the enterprise's accounts even when evidence of fraud surfaced, arguing there is ample factual evidence showing that the bank knew about the scheme and assisted in it.
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February 17, 2026
Davis Polk Guides RXR's $407M NYC Office Tower Refi
A joint venture controlled by RXR Realty LLC has secured a $407 million mortgage to refinance a 40-story, 1 million-square-foot Manhattan office tower that serves as the New York City headquarters of Davis Polk & Wardwell LLP, which advised the real estate company in the deal, the law firm announced Tuesday.
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February 17, 2026
NYC's Mamdani Pitches Property Tax Hike As Backup Plan
New York City would hike property taxes by $3.7 billion to help close a $5.4 billion budget gap if state lawmakers don't permit the city to raise income taxes under a preliminary budget plan that Mayor Zohran Mamdani unveiled Tuesday.
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February 17, 2026
Saks Says Simon Didn't Terminate Two Leases Before Ch. 11
Bankrupt luxury retailer Saks Global told a Texas court that two leased store locations can't be repossessed by landlord Simon Property Group because the leases were not properly terminated before the Chapter 11 filing and the automatic stay protects Saks Global's right to determine how to treat the leases that are property of its estate.
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February 17, 2026
CoStar Rival Urges High Court To Reject Antitrust Appeal
A rival accusing CoStar of blocking competition for commercial real estate listing services is urging the U.S. Supreme Court not to review a ruling that revived the rival's counterclaims, saying that CoStar just disagrees with how the appeals court viewed the allegations.
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February 17, 2026
Minn. Justices Urged To Uphold Hilton Valuation Cuts
A county assessor overvalued a Minneapolis Hilton hotel and convention center, the property owner told Minnesota's justices, urging the high court to uphold the state tax court's proper valuation.
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February 17, 2026
Kraft Heinz To Face Damages Bid In Factory Upgrade Row
A Pennsylvania federal judge has ruled that Kraft Heinz Co. contributed to delays in a construction project at one of its facilities by rushing the contractor and frequently changing the plans, holding that Industrial Power Systems Inc. sufficiently showed that it suffered damages from the delays.
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February 17, 2026
NY Regulators, Cannabis Biz Challenge Town's Zoning Policy
New York cannabis regulators and a licensed cannabis business have urged a state appellate court to find that the state's marijuana law preempts localities from enforcing more stringent location policies for marijuana stores than what is found in state law.
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February 17, 2026
Merger Materials Hid Portland Project Woes, Investors Say
Defending against a dismissal motion, Broadmark Realty Capital shareholders are claiming proxy materials for a 2023 merger between Broadmark and Ready Capital failed to mention multifamily loan distress or cost overruns for a Portland, Oregon, project backed by a $460 million loan in Ready Capital's portfolio.
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February 17, 2026
DC Judge Won't Halt Bidding Process For New Dulles Terminal
A D.C. federal judge refused to stop the bidding process for a private luxury terminal at Washington Dulles International Airport, finding that a company in the running can't show that it was injured if the contract hasn't been awarded yet, undercutting its injunction request.
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February 17, 2026
Conn. To Join 48 States With New Property Cleanup Regime
On March 1, Connecticut is set to become a little more like 48 other states when it sunsets a policy that long required mandatory pollution inspection on transfers of commercial and industrial properties.
Expert Analysis
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Corporate Liability Issues To Watch In High Court TM Case
The U.S. Supreme Court will hear arguments in a trademark dispute between Dewberry Group and Dewberry Engineers next week, presenting an opportunity for the court to drastically alter the fundamental approach to piercing the corporate veil, or adopt a more limited approach and preserve existing norms, say attorneys at Bracewell.
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Plugging Gov't Leaks Is Challenging, But Not A Pipe Dream
As shown by ongoing legal battles involving New York City Mayor Eric Adams and Sean “Diddy” Combs, it’s challenging for defendants to obtain relief when they believe the government leaked sensitive information to the media, but defense counsel can take certain steps to mitigate the harm, says Kenneth Notter at MoloLamken.
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A Legal Perspective On NYC's Retail Real Estate Evolution
As New York City's retail market begins to show signs of resilience after the challenges of recent years, landlords must be cognizant of legal implications from shifting trends toward shorter-term leases and pop-up stores, says Andrea Gendel at Pryor Cashman.
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What Interest Rate Cuts Mean For Housing Markets
The Federal Reserve's recent reduction of interest rates may provide limited immediate relief for real estate sectors, but offers potential opportunities for commercial real estate investors and construction firms, which now face an environment ripe for new projects, say attorneys at Cozen O'Connor.
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How CFIUS' Updated Framework Affects Global Investors
The recent change to the monitoring and enforcement regulations governing the Committee on Foreign Investment in the United States will broaden administrative practices around nonnotified transaction investigations, increase the scope of information demands from the committee and accelerate its ability to impose mitigation on parties, say attorneys at Simpson Thacher.
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Foreclosing Lenders Still Floating In Murky Legal Waters In NY
The New York foreclosure landscape remains in disarray after the state's highest court last month declined to weigh in on whether legal changes from 2022 that severely curtailed lenders' ability to bring successive foreclosure cases were retroactive, says Brian Rich at Barclay Damon.
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NYC Hotel Licensing Law's Costs May Outweigh Its Benefits
A hotel licensing bill recently approved by New York's City Council could lead to the loss of many nonunionized hotels that cannot afford to comply, says Stuart Saft at Holland & Knight.
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Calif. Ruling Offers Hope For Mitigated Negative Declarations
In Upland Community First v. City of Upland, a California appeals court upheld a warehouse development's mitigated negative declaration over its greenhouse gas emissions thresholds — a rare victory against this type of challenge providing reassurance that such declarations can be upheld, say attorneys at Sheppard Mullin.
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There's No Crying In Property Valuation Baseball Arbitration
The World Series is the perfect time to consider how the form of arbitration used for settling MLB salary disputes — in which each side offers competing valuations to an arbitrator, who must select one — is often ideal for resolving property valuation disputes, say Sean O’Donnell at Herrick Feinstein and Mark Dunec at FTI Consulting.
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Webuild Ruling Complicates Arb. Award Enforcement In US
A Delaware federal court's recent decision in Sociedad Concesionaria Metropolitana de Salud v. Webuild, if read literally, could undercut the United States' image as a proarbitration jurisdiction by complicating creditors' efforts to enforce awards against property in this country, says Jeff Newton at Omni Bridgeway.
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How To Avoid A Costly CPA Limitation Hidden In Most Leases
The lease audit rights clause is a seemingly innocuous provision in most commercial real estate leases that ends up costing tenants millions of dollars each year, as they have unwittingly agreed to retain only an accountant to investigate and settle financial issues, says Jason Aster at KBA Lease Services.
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Navigating FEMA Grant Program For Slope Fixes After Storms
In the aftermath of Hurricanes Helene and Milton, it is critical for governments, businesses and individuals to understand the legal requirements of the Federal Emergency Management Agency's grant programs to obtain funding for crucial repairs — including restoration of damaged infrastructure caused by landslides and slope failures, says Charles Schexnaildre at Baker Donelson.
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Smith's New Trump Indictment Is Case Study In Superseding
Special counsel Jack Smith’s recently revised Jan. 6 charges against former President Donald Trump provide lessons for prosecutors on how to effectively draft superseding indictments in order to buttress or streamline their case, as necessary, says Jessica Roth at Cardozo Law School.