Commercial

  • June 30, 2026

    ICE Scraps Plan For NJ Immigrant Detention Center

    The U.S. Department of Homeland Security and U.S. Immigration and Customs Enforcement have decided to cancel plans to convert a New Jersey warehouse into a 1,500-bed immigrant detention center, according to a joint status report filed in federal court, saying the property will instead be sold.

  • June 30, 2026

    NYC Real Estate Week In Review

    Keusch Law and Goldberg Weprin are among the law firms that assisted with the largest New York City real estate deals that became public last week, with a pair of Manhattan trades above $100 million leading the list.

  • June 30, 2026

    Digital Realty Pays $3.5B For Blackstone Data Center Shares

    Digital Realty, represented by Latham & Watkins LLP, will pay $3.5 billion to acquire a stake in three Blackstone data centers fully leased to hyperscalers in northern Virginia, according to an announcement from the companies.

  • June 29, 2026

    California Asks Court To Halt 'Catastrophic' ICE Facility

    The state of California and Santa Clara County told a California federal court to block the federal government and a real estate investment firm from going forward with an immigrant detention facility allegedly planned for a 24.5-acre site, saying it would cause "significant and potentially catastrophic environmental and public health harms."

  • June 29, 2026

    Bonaventure Raises $54M For Va. Multifamily Communities

    Bonaventure has closed two fully subscribed Delaware Statutory Trust offerings for two Class A Virginia multifamily communities with over $54 million raised, the multifamily investment firm announced on Monday.

  • June 29, 2026

    Manhattan Sublease Glut Eases As AI Firms Fuel Demand

    Artificial intelligence and other technology companies are subleasing New York City offices at a significant rate, shutting out other tenants and causing available Manhattan office space for subleasing to be less than 11 million square feet in 2026's second quarter, according to real estate company JLL.

  • June 29, 2026

    Former NJ AG Pushes To End Suit Over Tossed RICO Case

    Former New Jersey Attorney General Matt Platkin asserts that a lawsuit from a former CEO indicted in New Jersey's now-dismissed criminal racketeering case against South Jersey power broker George E. Norcross III squarely implicates the protections afforded to prosecutors.

  • June 29, 2026

    Justices Asked To Revive Fight Over Texas Sacred Site

    Two members of a Native American church are asking the Supreme Court to reverse a Fifth Circuit decision that said the city of San Antonio's plans for a park expansion did not substantially burden their religious rights, arguing that the appellate court "joined the wrong side of two existing circuit splits."

  • June 29, 2026

    Fla. Adjusts Property Tax Millage Rate Calculations

    Florida will change the calculation of the maximum allowed for local property tax millage rates under a bill signed by Republican Gov. Ron DeSantis.

  • June 29, 2026

    Justices Will Resolve Circuit Split Over Pipeline Payouts

    The U.S. Supreme Court on Monday agreed to resolve a circuit court split over how to determine what gas infrastructure project developers should pay landowners in eminent domain proceedings, a move encouraged by the Trump administration.

  • June 29, 2026

    Simpson Thacher Steers Bridgepoint On $1.4B Investor Buy

    Private investment company Bridgepoint Group PLC said Monday that it will buy Kayne Anderson, an alternative real estate investor, for $1.4 billion in a deal steered by Simpson Thacher and Kirkland.

  • June 26, 2026

    McGuireWoods Guides Chevron-Microsoft Natural Gas Deal

    Chevron U.S.A. Inc. and Microsoft Corp. have agreed to build a natural gas facility in Pecos, Texas, that will power a multibillion-dollar Microsoft data center campus for 20 years in a development deal advised by McGuireWoods LLP.

  • June 26, 2026

    NC Creates Property Tax Break For Special District Projects

    North Carolina authorized local governments to approve special districts and provide property tax exclusions for eligible development projects in those areas under a bill signed by the governor.

  • June 26, 2026

    Seller Of Cape Cod Inn Says Buyer Stiffed It Out Of $7.5M

    The former owners of a historic Cape Cod hotel said in a lawsuit filed in state court Thursday that the buyer defaulted on a $7.5 million seller promissory note, then resold the property and kept the proceeds.

  • June 26, 2026

    Insurer Says NJ Atty Sank Coverage By Not Cooperating

    Hanover Insurance Co. has asked a New Jersey federal court for a declaratory judgment finding that it doesn't have to defend an attorney and his firm in a suit over a real estate deal gone wrong, telling the court that the attorney refuses to cooperate with the firm it hired to defend him in the underlying suit.

  • June 26, 2026

    Taxation With Representation: Sidley, Paul Weiss, Kirkland

    In this week's Taxation With Representation, Germany's Merck KGaA acquires life sciences tools supplier Bio-Techne Corp., drugmaker AbbVie buys clinical-stage biotechnology company Apogee Therapeutics, and building materials supplier CRH acquires infrastructure products maker Arcosa Inc.

  • June 26, 2026

    Faegre Drinker Adds Withers Int'l Arbitration Atty In NY

    A former Withers litigation and arbitration special counsel has joined Faegre Drinker Biddle & Reath LLP as a New York partner.

  • June 26, 2026

    REIT Execs Hid Queens Megacampus Woes, Suit Says

    A stockholder for life sciences-focused real estate investment trust Alexandria Real Estate Equities Inc. has alleged in California federal court that the REIT's top executives lied about how much money the company was making from its leased Queens megacampus in New York.

  • June 26, 2026

    Greenberg Traurig Hires Real Estate Duo From Fried Frank

    Greenberg Traurig LLP has recruited a seasoned duo for its real estate practice from Fried Frank, as the U.S. firm continues to expand its offering in London.

  • June 25, 2026

    Jones Day Hires Ex-McDermott Real Estate Pro For NYC Office

    Jones Day has brought on a former McDermott Will & Schulte partner who specializes in commercial real estate deals for its New York City office, the firm announced.

  • June 25, 2026

    CoStar Customers Say Antitrust Suit Must Stay In DC

    Customers asked a D.C. federal court to reject CoStar's bid to transfer their proposed antitrust class action, which claims the company ran an anticompetitive scheme to protect its monopoly for commercial real estate information and property listing services.

  • June 25, 2026

    Retail Center, AIG Unit Settle Suit Over Foundation Damage

    A real estate management company has settled its suit accusing an AIG unit of failing to cover property damage at a retail complex in Calabasas, California, according to a federal court filing.

  • June 25, 2026

    SpaceX Wants In On Suit Challenging Texas Land Swap Deal

    SpaceX has urged a federal court in Washington to let it intervene in a lawsuit from environmental groups opposing the company's south Texas land exchange deal with the U.S. Fish & Wildlife Service, noting its property interests are directly at stake.

  • June 25, 2026

    Easement Offers Have 'Rolling' Deadline, IRS Official Says

    The 90-day window that conservation easement partnerships will have to accept an IRS deal to settle their charitable tax deduction dispute is based on the date when the taxpayer receives its settlement letter with the latest offer, the agency's acting chief counsel said Thursday.

  • June 24, 2026

    SitusAMC's $5.3M Data Breach Deal Draws Judicial Scrutiny

    A New York federal judge is asking the plaintiffs suing real estate finance services firm SitusAMC over a 2025 data breach for additional information about the administration and public notice of their newly disclosed $5.3 million deal to resolve negligence and other claims stemming from the incident, saying the details are necessary for preliminary approval. 

Expert Analysis

  • Breaking Down Expense Allocation In Mixed-Use Properties

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    Rapid increases in condominium fees and special assessments, driven by multiple factors such as rising insurance costs and expanded safety requirements, are contributing to increased litigation, so equitable expense allocation in mixed-use properties requires adherence to the governing documents, says Mike Walden at FTI Consulting.

  • What Fla. Trends Reveal About AI In Real Estate Development

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    Property developers can begin to understand how artificial intelligence tools are changing the real estate industry by studying Florida, where developers are using AI to speed vital processes, and AI disclosure and ethics requirements are proliferating, says Ben Mitchel at Shubin Law.

  • NJ Ruling Sheds Light On When 'Stub Rent' Must Be Paid

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    A New Jersey bankruptcy court's recent decision in New Rite Aid affirms that landlords can have "stub rent" treated as an administrative expense and highlights critical considerations for debtors, including the importance of deciding when and where to file for bankruptcy, say attorneys at Cleary.

  • What Changed For Healthcare Transaction Law In 2025

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    Though much of the legislation introduced last year to expand state scrutiny of healthcare transactions did not pass, investors should pay close attention to the overarching trends, which are likely to continue in this year's legislative sessions, say attorneys at Ropes & Gray.

  • How Developers Can Harness New Texas Zoning Framework

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    A Texas law introducing a new zoning framework has the potential to unlock meaningful multifamily development opportunities, but developers and their project teams should follow four steps to help identify how affected cities are interpreting and implementing the new law, says Angela Hunt at Munsch Hardt.

  • What To Know About NY's Drastic 3rd-Party Practice Changes

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    Last month, New York Gov. Kathy Hochul signed a law establishing new time limits for the commencement of third-party actions, which will have dramatic effects on insurance defense practice, particularly cases involving construction site accidents or claims of premises liability, says Shawn Schatzle at Lewis Brisbois.

  • Expect A New Normal In Commercial Real Estate This Year

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    Even amid office vacancies and a wave of loan maturities, the commercial real estate market isn't as volatile as one might expect heading into 2026, but market stress is still uniquely intersecting with broader business challenges, creating new opportunities for corporate counsel and other practitioners beyond real estate, says Mark Bell at Stinson.

  • For Data Centers, Both Hyperscale And Edge Are Key In 2026

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    Recent trends in development of data centers highlight the importance of proactive attention to the zoning, permitting, interconnection and contractual issues associated with both hyperscale and edge facilities, in order to position projects for responsible growth in 2026 and protect their long-term value amid rapid technological and regulatory change, say attorneys at Sidley.

  • 5 Lender Strategies When A Commercial Borrower Defaults

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    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.

  • How Workforce, Tech Will Affect 2026 Construction Landscape

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    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.

  • Receivership Law May Streamline Real Estate Sales In Illinois

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    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.

  • How Choice Of Law Won The Day In NC Biz Court COVID Case

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    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.

  • The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations

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    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.