Commercial
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April 24, 2026
NY Asks 2nd Circ. To Bring Back $74M In Highway Funding
New York and its Department of Motor Vehicles urged the Second Circuit on Friday to order the U.S. Department of Transportation to restore a $73.5 million highway funding package that the federal government canceled because the state provided commercial driver's licenses to immigrants.
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April 24, 2026
Why Hawaiian Brewing And Bottling Co. Sought Ch. 11
Hawaii Brewery Development Co., a water bottling company and brewery, ended up in small business bankruptcy proceedings after a power struggle with a creditor that was seeking to gain control of a company that Hawaii Brewery was trying to evict from its land.
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April 24, 2026
ICE Says 'Speculative' Harms Can't Block NJ Detention Center
Federal officials are urging a New Jersey federal judge to reject a bid from the state and one of its municipalities to block work on a planned immigration detention center, arguing the plaintiffs lacked standing and relied on "highly speculative and unrealistic" environmental and infrastructure harms.
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April 24, 2026
Data Center Builder Csquare Confidentially Files IPO Plans
Private equity-backed data center builder Csquare on Friday revealed that it has filed confidential plans with the U.S. Securities and Exchange Commission for an upcoming initial public offering.
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April 24, 2026
Sheppard Advises On $160M Loan For S. Fla. Tower
New York developer Time Equities Inc. has closed on a $160 million construction loan from M&T Bank to build the first phase of a mixed-use housing project in downtown Boynton Beach, Florida, with advice from Sheppard Mullin Richter & Hampton LLP.
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April 24, 2026
Blackstone Execs Talk AI, 401(k) Alternative Assets
In a call with analysts to discuss the company's first-quarter results, executives at Blackstone Inc., the world's largest commercial real estate owner, said artificial intelligence is becoming a bigger driver of growth in real estate.
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April 24, 2026
Nuclear Reactor Developer X-Energy Prices Upsized $1B IPO
Shares of X-Energy, a developer of nuclear reactors and fuel technology, began trading Friday after the company raised $1 billion in an upsized initial public offering advised by Latham & Watkins LLP and Skadden Arps Slate Meagher & Flom LLP.
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April 23, 2026
CBRE Escapes Fraud Suit Over Jersey City Apartment Deal
A New Jersey state judge has handed a win to CBRE Inc. and two of its brokers in a Jersey City apartment development enterprise's suit alleging it was duped into a $19.5 million site deal, finding no reasonable jury could conclude the buyer justifiably relied on alleged misrepresentations about the number of units that could be built on the property.
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April 23, 2026
Venable Advises $560M Skilled Nursing Portfolio Sale
National Health Investors Inc., guided by Venable LLP, has agreed to sell a 35-property skilled nursing and independent living portfolio for $560 million to the portfolio's tenant, National HealthCare Corp.
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April 23, 2026
FDIC Sees Surging Growth In Bank Lending To Nonbanks
The Federal Deposit Insurance Corp. said Thursday that bank loans to private equity, private credit and other nonbanks reached $1.4 trillion last year, identifying it as the fastest-growing category of lending for banks since the 2008 financial crisis.
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April 23, 2026
Hotel Developer's Suit Against Mich. City Revived On Appeal
The Michigan Court of Appeals has reinstated a developer's suit over a failed deal with the city of Jackson to renovate a historic and long-vacant hotel, ruling that the trial court ignored an amended complaint when it granted summary disposition to the city.
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April 23, 2026
Ill. House Passes Bill Aiming To Keep Chicago Bears In-State
The Illinois General Assembly has approved a bill amended to provide more tax incentives for the site of a proposed stadium for the Chicago Bears, who are also considering a stadium offer from neighboring Indiana.
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April 23, 2026
Davis Polk Guides DataBank's $2B Data Center Loan
Digital infrastructure company DataBank, advised by Davis Polk & Wardwell LLP, has obtained a $2 billion construction loan to build three leased 60-megawatt data centers in Red Oak, Texas, the company announced.
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April 23, 2026
Burtech's 2nd SPAC Eyes $100M IPO To Launch Deal Hunt
A blank-check company targeting industries such as hospitality, technology and real estate to raise up to $100 million in an initial public offering advised by Loeb & Loeb LLP, Norton Rose Fulbright LLP and Ogier.
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April 23, 2026
IRS Defends Ranch's Easement Deduction Disallowance
The Internal Revenue Service properly disallowed a partnership's nearly $26 million charitable deduction for a donated easement on a 110-acre pasture, the agency told the Eleventh Circuit, urging it to affirm the lower court's decision.
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April 23, 2026
Baltimore Attorney Pleads Guilty In Real Estate Sales Scheme
A Baltimore attorney has pled guilty to a federal bank fraud charge in connection with a real estate scheme that involved fake fees on property purchases inflated to deceive lenders.
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April 23, 2026
Prologis Goes Big On Data Centers In Q1
Real estate investment trust Prologis Inc. dove deeper into the digital infrastructure industry in the first quarter of 2026, deploying more capital into data centers than logistics properties, its historical focus, according to executives during the company's latest earnings call.
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April 22, 2026
Citizenship Questions Can't End Fraud Suit Against SL Green
A New York federal judge on Wednesday refused to toss a fraud suit accusing office-focused real estate investment trust SL Green Realty Corp. and several of its entities of conducting a fraudulent property transfer scheme in order to dodge a nearly $13 million judgment, ruling that allegations regarding the plaintiff's citizenship at the time it filed suit will have to be resolved later.
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April 22, 2026
Lockheed Birth Defect Trial Judge 'Disappointed' By Attys
A Florida federal judge said Tuesday he's "puzzled and disappointed" in counsel who appear "unprepared" on the eve of trial in a suit by children who blame their birth defects on Lockheed Martin's chemical handling practices at an Orlando defense system manufacturing and research facility.
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April 22, 2026
2nd Circ. Amends Revival Of Mortgage-Backed Securities Suit
The Second Circuit on Wednesday pulled back from a holding that mortgages underlying a union pension fund's mortgage-backed securities investments that tanked during the financial crisis were plan assets under federal benefits law in a proposed class action that the appellate court revived in March against Wells Fargo and Ocwen.
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April 22, 2026
Razzoo's Ch. 11 Plan Gets OK Following $18M Sale
A Texas bankruptcy judge Wednesday signed off on the Chapter 11 liquidation plan of Cajun food chain Razzoo's, months after the debtor sold its assets for more than $18 million to a Dallas-based restaurant developer.
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April 22, 2026
Judge Agrees To Confirm Office REIT's Ch. 11 Plan
A Texas bankruptcy judge said Wednesday he would sign off on the Chapter 11 plan outlined by Office Properties Income Trust, a real estate investment trust that owns and leases out office space nationwide, overruling objections to analyses backing the proposal.
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April 22, 2026
Mo. Airport Marriott Merits Lower Value, State Justices Affirm
A Missouri airport Marriott built on land owned by the city is subject to a reduced property value despite the assessor's protests that the reduced value is unconstitutional, the state Supreme Court affirmed.
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April 22, 2026
Stoel Rives Hires Transactional Partner In Seattle Office
Stoel Rives LLP has hired a Seattle-based partner with a transactional practice advising on corporate, investment and real estate matters.
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April 22, 2026
Data Center Development Faces A Shortage On People Power
The competition for hard hat workers and specialized equipment for data centers is fiercer than ever, drawing resources away from other sectors and creating challenges for industrial developers, according to a Duane Morris construction attorney.
Expert Analysis
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How SF Family Zoning Suit Could Stymie City, Builder Goals
A recent suit asserting that San Francisco should further study the environmental impact before permitting taller buildings with more family residences could disrupt the work of project developers and local government — and give pause to other cities rezoning to add housing capacity, says Phillip Babich at Reed Smith.
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How Blockchain Could Streamline Real Estate Transactions
As U.S. real estate markets face pressure to adopt digital frameworks, blockchain technology offers a credible solution for consolidating execution, payment and recording into a single record, with a unified ledger potentially replacing fragmented processes with digitally authenticated events, say attorneys at King & Spalding.
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Del. Dispatch: Workplace Sexual Misconduct Liability In Flux
Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.
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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.