Commercial

  • 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. 

  • June 24, 2026

    Attys Welcome Housing Bill But Say It's Not An Overnight Fix

    Attorneys focused on affordable housing say that bipartisan legislation to address housing affordability contains welcome tweaks to existing programs, but will not fundamentally change the market dynamics that place housing out of reach for many.

  • June 24, 2026

    Eric Adams' Ex-Chief Of Staff Charged In Bribery Scheme

    Frank Carone, a onetime chief of staff to former New York Mayor Eric Adams, took $120,000 in bribes to steer a multimillion-dollar contract to house migrants to a hotel owner, according to an indictment unsealed in Brooklyn federal court on Wednesday. 

  • June 24, 2026

    EPA Proposal Tightens Scope And Length Of NEPA Reviews

    The U.S. Environmental Protection Agency on Wednesday floated an overhaul of how it conducts environmental reviews that includes limiting the scope of what environmental impacts the agency considers and establishing a two-year deadline to complete reviews.

Expert Analysis

  • Data Center Construction Trends, Challenges In Ill. And Texas

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    Data centers in Illinois and Texas are reshaping the industrial landscape, but this growth brings legal complexity, so developers, contractors and corporate legal departments must have a deep understanding of each state's legal terrain and take a proactive approach to risk management, say attorneys at Hicks Johnson.

  • Definitions Of 'Waters Of The United States' Ebb And Flow

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    The issue of defining whether "waters of the United States" include streams and channels that sometimes have water and sometimes do not has been fraught since the U.S. Supreme Court's 2006 Rapanos decision, but a possible new rule may help property owners stay out of court, says Neal McAliley at Carlton Fields.

  • Texas Property Law Complicates Financing And Development

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    A new Texas law imposing expansive state-level restrictions on properties owned by entities from designated countries creates a major obstacle for some lenders, developers and other stakeholders, as well as new diligence requirements for foreign companies, say attorneys at Pillsbury.

  • How Bankruptcy Law Caps Landlords' Rejected Lease Claims

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    With corporate bankruptcy filings for the first half of the year at a 15-year high, landlords should be prepared for commercial tenants to use the bankruptcy process to reject unwanted leases in order to lessen corporate footprints and improve liquidity, say attorneys at Mintz.

  • Annual Report Shows CFIUS Extending Its Reach In 2024

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    The recently released 2024 annual report from the Committee on Foreign Investment in the United States reveals record civil penalties and enhanced internal capabilities, illustrating expanding jurisdiction and an increasing appetite for enforcement actions, says Nathan Fisher at StoneTurn.

  • Navigating The New Playbook For SBA 504 Loans

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    As the U.S. Small Business Administration 504 loan program’s relevance grows amid climbing foreclosure activity, regulatory changes and a notable ruling from the Eighth Circuit are reshaping origination and workout strategies, highlighting the need for a national framework to improve resolutions, protect recoveries and support small businesses, says Casey Sieck at Day Pitney.

  • Assessing Strategies For Mixed-Use Pro Sports Projects

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    Counsel managing mixed-use sports and entertainment districts must combine expertise ranging from stadium-arena finance to municipal law to public relations into a unified strategy, and a series of practice tips can aid project management from inception to completion, say attorneys at Katten.

  • 4 Questions For Insureds To Overcome Flood Exclusions

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    In a year of record flash flooding in the U.S., affected policyholders, who may assume that their policy's flood exclusion precludes recovery for losses, should look to the many factually and legally nuanced cases presenting pathways to coverage, says Micah Skidmore at Haynes Boone.

  • Opportunity Zone Overhaul Is Good News For Investors

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    Recently enacted reforms making the qualified opportunity zone program permanent, restoring the basis step-up for capital gains and adding flexibility to the zone designation process enhance the program’s appeal for long-term investment, says Steven Hadjilogiou at McDermott.

  • Texas High Court Decision Could Reshape Contract Damages

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    The Texas Supreme Court recently held that an order of specific performance for a real property transaction doesn't preclude a damage award, establishing a damages test for this scenario while placing the onus on lower courts to correctly determine the proper remedies and quantum of damages, say attorneys at Fried Frank.

  • Navigating The Complexities Of NYC Waterfront Development

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    More than a dozen city, state and federal agencies share oversight of New York City's waterfront, presenting developers and their counsel with both challenges and opportunities to shape the regional and national economy, say attorneys at HSF Kramer.

  • A Guide To Army Corps Appeals As Wetlands Definition Shifts

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    Two years after the Supreme Court's Sackett decision, the definition of federal wetlands is about to change again, making it an apt time to review the process by which developers can appeal an Army Corps of Engineers jurisdictional determination, says Bryan Peeples at Pender & Coward.

  • New NY Residential Real Estate Rules May Be Overbroad

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    New legislation imposing a 90-day-waiting period and tax deduction restrictions on certain New York real estate investors may have broad effects and unintended consequences, creating impediments for a wide range of corporate and other transactions, says Libin Zhang at Fried Frank.