Commercial
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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.
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February 17, 2026
GrayRobinson Expands In Fla. With Four Litigators
GrayRobinson PA announced Tuesday it expanded its Fort Myers, Florida, office with a seasoned group of litigators coming from the firm now known as Aloia Roland.
Miami World Cup Counsel Share Look At Prep Work, Impact
Counsel representing the FIFA World Cup's Miami Host Committee gave Law360 an inside look at their multifaceted work preparing for the upcoming event, which organizers say could have the economic impact of multiple Super Bowls.
States Consider Pumping The Brakes On Data Centers
At least six states, including Virginia, could prohibit new data center construction under proposed moratoriums this year, measures some attorneys say would be unprecedented for addressing concerns over resource usage and could invite constitutional questions.
Day Pitney's Real Estate Co-Chair Talks Boston CRE Market
More housing, including affordable and nonluxury units, and a cautious approach to tax policy can help Boston's commercial real estate market overcome the challenges it has faced in recent years, said the new co-chair of Day Pitney LLP's real estate practice.
Expert Analysis
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CFIUS Initiative May Smooth Way For Some Foreign Investors
A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.
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How AI Data Centers Are Elevating Development Risk In 2026
As thousands of artificial intelligence data center constructions continue to pop up across the U.S., such projects must be treated not as simple real estate developments, but as infrastructure programs where power, supply chains and technology integration all drive both schedule and risk, say attorneys at Cozen O’Connor.
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Tips For Counsel As PE Eyes Data Center Facility Services
As private equity interest in specialized commercial facility services providers heightens, considerations for counsel and private equity investors run the gamut from contract transferability to facility compliance, say attorneys at Morgan Lewis.
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CFIUS Must Adapt To Current Foreign Investment Realities
To continue protecting the U.S.’ long-term strategic and economic interests, the Committee on Foreign Investment in the United States should implement practical enhancements that leverage technology, expertise and clear communication, and enable it to keep pace with evolving demands, says attorney Sohan Dasgupta.
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Breaking Down Expense Allocation In Mixed-Use Properties
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.
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What Fla. Trends Reveal About AI In Real Estate Development
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.
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NJ Ruling Sheds Light On When 'Stub Rent' Must Be Paid
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.
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What Changed For Healthcare Transaction Law In 2025
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.
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How Developers Can Harness New Texas Zoning Framework
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.
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What To Know About NY's Drastic 3rd-Party Practice Changes
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.
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Expect A New Normal In Commercial Real Estate This Year
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.
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For Data Centers, Both Hyperscale And Edge Are Key In 2026
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.
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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.