Commercial

  • June 11, 2026

    3 Firms Guide AI Power Provider ZincFive's $752M SPAC Deal

    ZincFive, a company providing nickel-zinc batteries for data center and artificial intelligence markets, said Thursday it will go public using a special purpose acquisition company merger valuing the enterprise at $752 million, advised by Cooley LLP, Wilson Sonsini Goodrich & Rosati PC and Latham & Watkins LLP.

  • June 10, 2026

    Calif., Santa Clara County Sue To Halt Proposed ICE Facility

    Santa Clara County and the state of California sued the Trump administration in federal court Wednesday to stop it from building and operating an 18,700-square-foot short-term ICE detention holding facility on remote property that's been restricted to agricultural-related use for generations and is home to threatened and endangered species.

  • June 10, 2026

    Calif. Man Accused Of Faking Title Policies In $100M Fraud

    A California man was arrested Wednesday and accused of defrauding a bank of nearly $100 million by manipulating title policies to falsely indicate who held the first-lien position on certain loans and to make collateral pledged to the bank appear more valuable than it actually was.

  • June 10, 2026

    Abbott Wants Ratepayer Protections From Data Center Costs

    Texas Gov. Greg Abbott told the Public Utility Commission of Texas and the Electric Reliability Council of Texas on Wednesday to do what they can to shield the state's ratepayers from the costs of data center expansion projects.

  • June 10, 2026

    Fla. Panel Says Policy Breach Verdict Didn't Bar Bad Faith Suit

    A Florida appellate panel on Wednesday revived a restaurant owner's claims that its insurer acted in bad faith in not resolving a claim over losses from a roof collapse before the contract dispute went to trial, finding the extra-contractual damages the company sought had not yet been litigated.

  • June 10, 2026

    SpaceX Rocket Base Ruining Wildlife Habitat, Green Groups Say

    Environmental advocacy organizations told a D.C. federal district court Wednesday that Space Exploration Technologies Corp.'s use of formerly protected land near the Texas coast would endanger vulnerable wildlife, saying SpaceX's occasional rocket explosions spew debris directly into protected habitat.

  • June 10, 2026

    NY Bar Assoc. Building Gets OK For July Ch. 11 Confirmation

    The 2-year-old bankruptcy case of the historic former New York County Lawyers Association Building in lower Manhattan can move toward a July 7 final confirmation hearing, a federal bankruptcy judge has ruled.

  • June 10, 2026

    Snell & Wilmer Adds Ex-Banker To Seattle Finance Team

    A former commercial banker has joined Snell & Wilmer LLP as a partner in the firm's commercial finance practice group, where she will focus on real estate-secured financing and loan workouts.

  • June 10, 2026

    Florida Appeals Court Revives Asset Probe Of Law Firm

    A Florida appeals court said Wednesday that real estate investment firm Sasha Investments LLC should not have been blocked from seeking discovery from a law firm to collect on a $2.1 million default judgment.

  • June 10, 2026

    Law Firms Fuel Demand For Prime Office Space, Report Says

    Law firm office leasing has started 2026 strong, with firms expanding their footprints and accelerating investments in artificial intelligence as other industries continue to reassess their workplace needs, according to a new report from commercial real estate brokerage Cushman & Wakefield.

  • June 10, 2026

    Perkins Coie Atty Talks Tax Law 'Tension' In Data Center REITs

    A real estate investment trust can be an attractive business model for data centers, but complying with federal REIT rules is tricky for properties with digital infrastructure, given their unique needs, according to a Perkins Coie LLP partner.

  • June 10, 2026

    Gibson Dunn Leads Data Center Power Provider's $600M IPO

    Houston, Texas-based ERock, which supplies natural gas power systems to data centers, began trading Wednesday after raising $600 million at the midpoint of its range with Gibson Dunn & Crutcher LLP and Davis Polk & Wardwell LLP advising.

  • June 10, 2026

    3 Firms Advise ESRT's $275M Manhattan Office Sale

    Empire State Realty Trust, the New York City real estate investment trust whose flagship properties include the Empire State Building, sold a Manhattan office building for $275 million to Igal Namdar's Namdar Realty Group, according to filings made public Tuesday.

  • June 09, 2026

    DHS Waives Park Laws For Big Bend Border Wall Build

    The U.S. Department of Homeland Security has waived multiple environmental laws as it builds border barriers and roads through Big Bend National Park and Big Bend Ranch State Park, saying it must quickly deter illegal crossings in areas of high illegal entry on the Texas-Mexico border.

  • June 09, 2026

    Deal Attys Talk Firsts, Copycats And Constant Reinvention

    Much of the work of deal attorneys is outside public view, yet their triumphs and innovations set precedent for the market as it evolves.

  • June 09, 2026

    Columbia Bank Must Face Suit Over $230M Ponzi Scheme

    A Washington federal judge on Tuesday preserved a bankruptcy trust's lawsuit against Columbia Bank, finding that the trust adequately alleged the bank helped a real estate business' former operators run a $230 million Ponzi scheme.

  • June 09, 2026

    2 Firms Advise Catalyst's $281M Industrial Financing Deal

    Industrial outdoor storage investment firm Catalyst Investment Partners, advised by Rothman Law PLLC and Levenfeld Pearlstein LLC, has obtained $281 million worth of financing that was originated by Blackstone Real Estate Debt Strategies and a group of J.P. Morgan Asset Management-guided investors, Catalyst announced.

  • June 09, 2026

    NHL Team Plans Move To New Arena In Dallas Suburb

    The Plano, Texas, City Council has approved a letter of intent with the Dallas Stars on plans to build the NHL team a new arena, signaling a move from the downtown Dallas arena where they have played since 2001.

  • June 09, 2026

    Texas County Walks Back Data Center Ban After $100M Suit

    A rural Texas county has retreated from its May moratorium on data center projects after a developer in a federal court lawsuit sought more than $100 million in damages by claiming its 800-acre, 1.2-gigawatt project would be illegally wiped out by the county's ban.

  • June 09, 2026

    The Law360 400: A Look At The Top 100 Firms

    The race to build the legal industry's largest law firm accelerated in 2025, with major firms leaning on mergers, lateral hiring and strategic expansion to climb the ranks of the Law360 400.

  • June 08, 2026

    SIMAD-Linked New Orleans Office Tower Hits Ch. 11

    A New Jersey bankruptcy judge on Monday agreed to give bankrupt summer camp and real estate company SIMAD Holdings Ltd. interim permission to use cash collateral, which the debtor said it needed to keep its camps on track to operate as normal this summer.

  • June 08, 2026

    NYC Real Estate Week In Review

    Paul Weiss and Fried Frank are among various law firms that guided the largest real estate deals that hit New York City public records last week, two of which were nine-figure trades.

  • June 08, 2026

    'Hard-Money' Lenders Stole Millions In Fees, Feds Tell Jury

    Two Florida men used their "hard-money" commercial real estate finance company to steal millions, prosecutors told a Manhattan federal jury Monday, calling their operation a scam designed to reap upfront fees before the defendants put up "roadblocks" to kill transactions.

  • June 08, 2026

    Real Estate GC Jumps To Phelps Dunbar In Tampa

    Phelps Dunbar LLP announced Monday that it tapped a former in-house counsel from a real estate private equity company to serve as a partner in the firm's Tampa, Florida, office.

  • June 08, 2026

    Singapore Data Center Co. Raises $4.5B In Series C Offering

    Singapore-based digital infrastructure company DayOne Data Centers said it has closed its Series C financing with a total of $4.5 billion led by its largest shareholders, investment manager Coatue and private equity firm Hillhouse.

Expert Analysis

  • 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.

  • California Vapor Intrusion Policy Should Focus On Site Risks

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    As California environmental regulators consider whether to change the attenuation factor used in screenings for vapor intrusion, the most prudent path forward is to keep the current value for screening purposes, while using site-specific, risk-based numbers for cleanup and closure targets, says Thierry Montoya at Frost Brown.

  • What To Watch As NY LLC Transparency Act Is Stuck In Limbo

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    Just about a month before it's set to take effect, the status of the New York LLC Transparency Act remains murky because of a pending amendment and the lack of recent regulatory attention in New York, but business owners should at least prepare for the possibility of having to comply, says Jonathan Wilson at Buchalter.