Commercial

  • June 17, 2026

    Lender Says Co. Defaulted On $5M Loan, Tanked Pot Site Value

    A cannabis real estate company and an affiliate gutted a $27 million cultivation facility, stopped paying taxes on it and defaulted on a $4.6 million clean-energy loan, according to a federal lawsuit by the lender, which seeks a court-ordered sale of the property.

  • June 17, 2026

    SoHo Building Owner In NYC Eyes August Ch. 11 Confirmation

    The owner of a mixed-use building in Manhattan's SoHo neighborhood hopes to soon be able to seek votes on its Chapter 11 restructuring plan, which will transfer title of the property to the debtor's senior lender.

  • June 17, 2026

    The World's Biggest Data Center Market Is At A Crossroads

    Public opposition has put Virginia's long-held status as a key hub for data center development in jeopardy, and the industry is likely to turn against the state if lawmakers decide to remove a much-loved tax break, according to a DLA Piper land-use partner.

  • June 17, 2026

    McDermott Expands NYC Footprint With BXP Tower Lease

    McDermott Will & Schulte is expanding its New York City presence by signing a seven-floor, 150,000-square-foot lease in a 46-story, 930,000-square-foot Midtown Manhattan office tower project that's being developed by real estate company BXP, the law firm announced.

  • June 17, 2026

    Sandberg Phoenix Expands In Fla. With Dunlap Moran Combo

    Sandberg Phoenix has expanded its Sunshine State footprint by absorbing the team from Gulf Coast firm Dunlap Moran PA.

  • June 17, 2026

    Fla. Creates Special District With Power To Levy Property Tax

    Florida established an independent special district in Hillsborough County that may impose taxes, including property taxes if approved by voters in a referendum, under a bill signed by Gov. Ron DeSantis.

  • June 17, 2026

    CoStar, Brokers Accused Of Sharing Data To Fix Rents

    A proposed class of commercial tenants has alleged CoStar Group Inc., Colliers International Group Inc., Colliers International USA LLC, Cushman & Wakefield and others ran a rent-fixing scheme that involved real estate companies using CoStar's platform to share confidential lease transaction information in order to avoid undercutting each other.

  • June 16, 2026

    Landlord Says $158K Fine Over Alleged Pot Growing Illegal

    The city of Fresno, California, imposed an "excessive fine" for what it claimed was marijuana cultivation and allowed the plants to be destroyed before a landlord could challenge its finding, he contended in a federal lawsuit, saying he had no idea his tenant was allegedly growing cannabis.

  • June 16, 2026

    Connecticut Owner Barred From Razing 1835 Captain's House

    At Connecticut's request, a state judge has briefly barred a property owner from demolishing a nearly 200-year-old house, giving the parties time to argue whether longer-lasting protections are warranted after the state sought to include the building in a proposed historic district.

  • June 16, 2026

    Research Credit OK'd In 4 Of 6 Middle East Building Projects

    Owners of an Illinois architectural firm that undertook six building projects in the Middle East may be eligible to claim research credits for four of the projects because the firm retained substantial rights under those contracts, the U.S. Tax Court held Tuesday.

  • June 16, 2026

    Mich. Township Says Man Admitted Church Wasn't His

    A west Michigan township accused of illegally demolishing a historic church is asking a federal judge not to allow a town resident to amend his complaint alleging the property belonged to him, arguing the plaintiff previously admitted that the church did not belong to him.

  • June 16, 2026

    Skadden Adds Investment Management Trio In DC, Abu Dhabi

    Skadden Arps Slate Meagher & Flom LLP has hired three former lawyers from Akin Gump Strauss Hauer & Feld LLP who will work with investment management clients in Abu Dhabi and Washington, D.C., according to a Tuesday announcement.

  • June 16, 2026

    Red Rock Resorts Picks Campbell & Williams Boss As New GC

    Red Rock Resorts Inc. has hired the co-founder of Las Vegas-based boutique law firm Campbell & Williams as its new general counsel and executive vice president, according to the holding company's Form 8-K filing.

  • June 16, 2026

    Colo. Justices Say PUD Pacts Can't Be Changed By Ballot

    Planned unit development agreements are administrative matters that must be changed through the statutory amendment process, not by citizen initiative, the Colorado Supreme Court ruled, blocking a bid by a property owner and local petitioners to put a Telluride PUD change before voters.

  • June 16, 2026

    Justices' Penalty Ruling Won't Sink Tax Case, 5th Circ. Told

    The U.S. Supreme Court's recent decision upholding federal agency fines without a jury trial doesn't undermine a challenge against IRS penalties tied to a charitable tax deduction for a Louisiana conservation easement contribution, the partnership donor told the Fifth Circuit.

  • June 16, 2026

    Building's $108M Taxable Value Too High, Minn. Justices Told

    A Minnesota office building was overvalued at $108 million, its owner told the state Supreme Court, challenging the state tax court's reconciliation of competing appraisers' conclusions and other matters.

  • June 16, 2026

    Gunster Adds Former Fla. Agricultural Water Policy Leader

    The former director of agricultural water policy at the Florida Department of Agriculture and Consumer Services has entered private practice at Gunster in Tallahassee, the firm announced Monday.

  • June 16, 2026

    Calif. Fraudster Gets 13 Years For Fake NYC Law Firm Scam

    A Manhattan federal judge sentenced a California fraudster to 13 years in prison Tuesday for impersonating prosecutors and a law firm as he defrauded a New York City architectural business, capping a 20-year career of "duplicity, theft and dishonesty."

  • June 16, 2026

    3 Firms Advise Vornado's $1.1B NYC Office Interest Stake Deal

    Vornado Realty Trust has wrapped up its $1.1 billion purchase of a 49% interest stake for a 45-story New York City office tower in a transaction that was guided by Sullivan & Cromwell LLP, Herbert Smith Freehills Kramer and Paul Hastings LLP.

  • June 15, 2026

    Chancery Cuts Claim Over FNF Chair's $50M Equity Award

    The Delaware Chancery Court has narrowed a stockholder derivative lawsuit challenging compensation decisions at Fidelity National Financial Inc., dismissing claims tied to a $50 million equity award for Chairman William P. Foley while allowing claims over directors' self-approved compensation packages to move forward.

  • June 15, 2026

    Ventas GC Plans Departure For Blackstone

    The general counsel of senior housing-focused real estate investment trust Ventas Inc. is planning to leave the company for a new job at Blackstone Inc., according to a Form 8-K filing posted on Monday.

  • June 15, 2026

    Venu Wants $80M Deal For Texas Venue's Parking Garage

    Venu Holding Corp. is trying to complete an $80 million sale-leaseback of a 20,000-seat outdoor amphitheater's parking garage located in McKinney, Texas, the company announced Monday.

  • June 15, 2026

    PE Giants Face Dem Scrutiny Over Data Center Investments

    U.S. Sen. Elizabeth Warren is seeking information from several major private equity firms about their involvement in artificial intelligence data center development and operations, saying the increasing number of data centers across the country is putting pressure on American families and driving up utility costs.

  • June 15, 2026

    NYC Real Estate Week In Review

    Fried Frank and Paul Weiss are among the law firms that landed work on the largest New York City real estate deals that hit public records last week, with a pair of nine-figure trades topping the list.

  • June 15, 2026

    REIT Shareholder Calls $480M Deal 'Theft Dressed In A Suit'

    The largest shareholder in luxury hotel owner Braemar Hotels & Resorts vowed legal action after the company last week unveiled a plan to cut ties with a business controlled by Braemar's board chair and to become self-managed — triggering a $480 million termination fee.

Expert Analysis

  • Human Diligence Crucial As AI Raises Real Estate Fraud Risks

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    A recent title fraud warning from Florida officials demonstrates that artificial intelligence has lowered the barrier to committing complex property scams, forcing real estate industry stakeholders and attorneys to prioritize contextual review in transactions, says Neil Cohen at Barsh and Cohen.

  • Strategies For Retailers, Landlords In M&A Portfolio Reduction

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    With more retailers likely to merge or be acquired in 2026, both landlords and companies looking to renegotiate their real estate footprints can strike successful deals through advance planning, understanding rights allocations and maintaining realistic leverage assessment, say attorneys at Jenner & Block.

  • What Cos. Must Know About Pa.'s Proposed Data Center Regs

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    Under Pennsylvania Gov. Josh Shapiro's new proposal to balance hyperscale data center infrastructure with grid stability, water resources and community transparency, businesses in the state face a strategic choice: wait for binding requirements to emerge, or proactively align projects with the standards now, say Wade Stephens and Sasha Burton at Langsam Stevens.

  • Where Ceding Control In Joint Ventures Ups Developer Risks

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    With new data predicting liquidity will continue drying up in 2026, developers seeking relief via joint venture restructurings should understand how relinquishing an asset's control to a capital partner could have stark consequences, and where negotiations over governance and control triggers present the greatest legal and structural risks, say attorneys at Jenner & Block.

  • How SF Family Zoning Suit Could Stymie City, Builder Goals

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    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.

  • How Blockchain Could Streamline Real Estate Transactions

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    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.

  • Del. Dispatch: Workplace Sexual Misconduct Liability In Flux

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    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.

  • CFIUS Initiative May Smooth Way For Some Foreign Investors

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    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.

  • How AI Data Centers Are Elevating Development Risk In 2026

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    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.

  • Tips For Counsel As PE Eyes Data Center Facility Services

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    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.

  • CFIUS Must Adapt To Current Foreign Investment Realities

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    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.

  • 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.