Commercial
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January 26, 2026
NYC Real Estate Week In Review
Simpson Thacher & Bartlett LLP, Greenberg Traurig LLP and Manatt Phelps & Phillips LLP were among the firms responsible for the largest New York City real estate deals last week, featuring a series of discounted office properties.
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January 26, 2026
Lenders Claim Office Properties' Ch. 11 Loan Breaches Deal
Secured lenders of Office Properties Income Trust filed a Chapter 11 adversary suit in Texas bankruptcy court, saying the debtor's entry into debtor-in-possession financing agreements with a separate group of secured lenders violates a prepetition intercreditor agreement and could deprive the suing creditors of significant payments.
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January 26, 2026
Real Estate AI Co. Orbital Raises $60M Series B
London-based legal technology startup Orbital, which develops artificial intelligence for real estate law, raised $60 million in a Series B funding round, according to an announcement on Monday, with the new capital earmarked for U.S. and U.K. growth and expanded product adoption.
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January 26, 2026
Phelps Lands Real Estate Pro From Clark Partington In Florida
Phelps Dunbar LLP announced Monday that it has added a partner in Florida to help bolster its capacity to handle real estate development, business and other matters.
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January 26, 2026
Vornado Lands $250M Refi For Manhattan Amazon Office
Vornado Realty Trust announced Monday it completed a $250 million refinancing of its 7 W. 34th St. office building in Manhattan, a property that is leased to Amazon.
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January 26, 2026
Calif. Gaming Org. Fights Tribe's Bid To Join $700M Casino Suit
A District of Columbia federal judge on Monday granted the California Gaming Association's amicus brief bid to oppose a California Indian tribe's potential dismissal motion against another tribe's fight with the federal government over a $700 million casino project in Vallejo, California.
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January 26, 2026
2 Firms Guide Data Center, Grid Parts Builder Seeking $1.5B
Forgent Power Solutions, a manufacturer serving industrial and data center customers, said Monday that it expects to raise an estimated $1.5 billion in an upcoming initial public offering advised by Weil Gotshal & Manges LLP and Latham & Watkins LLP.
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January 23, 2026
JV Wins Bid To Build New Port Of Los Angeles Cruise Terminal
A joint venture between leading cruise terminal operator Carrix Inc. and an infrastructure investment firm co-founded by former basketball star Magic Johnson will build and operate a new state-of-the-art cruise terminal at the Port of Los Angeles, according to a Thursday announcement.
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January 23, 2026
Massachusetts Macy's Store Overvalued, Tax Board Says
A Macy's store in Massachusetts was overvalued by a local assessor, the state's Appellate Tax Board said Friday, reducing assessed values for the store for years 2020-2022.
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January 23, 2026
RE Investor Wants $3.1M Set Aside Amid Conn. Payment Suit
A real estate investor urged a Connecticut state court to order a developer and other parties to set aside $3.1 million in case the investor wins its suit, which involves return-on-investment payments for a $2.5 million investment into a Shelton, Connecticut, commercial real estate project.
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January 23, 2026
Colo. City Worked 'In Secret' To Kill Airport Lease, Court Told
A tenant operating a hangar at a Pueblo, Colorado, airport claimed in federal court that the airport's municipal owner is threatening to cancel a long-term lease after stonewalling its attempts to fix defects turned up in a short-notice inspection held on a federal holiday.
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January 23, 2026
Latham, Davis Polk Guide Construction Gear Co.'s $747M IPO
Construction equipment rental company EquipmentShare began trading Friday after raising $747 million at the midpoint of an expected range in an initial public offering guided by Davis Polk & Wardwell LLP and underwriters counsel Latham & Watkins LLP.
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January 22, 2026
Panel Pushes Ex-Texans CEO's Son On Probate Jurisdiction
A Texas appeals court on Thursday pushed the son of deceased billionaire and Houston Texans founder Robert McNair to explain why a probate court has no jurisdiction over claims that he surreptitiously placed poison pill agreements into the companies he ran.
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January 22, 2026
Top LA Fire Issues Implicated In Trio Of New Insurance Bills
Three recent insurance bills in California could significantly change coverage outcomes for policyholders in the wake of disasters and help address some of the issues that have most vexed homeowners following last year's fires in Los Angeles, while adding to a raft of newly enacted insurance laws, pros say.
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January 22, 2026
Expedia Tries To Shed Helms-Burton Suit Over Cuban Island
Expedia urged a Florida magistrate judge Thursday to dismiss a lawsuit accusing the online travel company of trafficking in an island confiscated by the Cuban government, arguing that a simple assertion of ownership of a claim to the property is not enough to put Expedia on notice of potential violations.
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January 22, 2026
Walmart Broke Grocery Noncompete Promise, Court Told
The owner of a suburban Pittsburgh grocery store told a Pennsylvania federal judge Thursday that a neighboring Walmart is in violation of a nearly 30-year-old deal not to compete for food sales, blaming a recent remodel for a drop in the grocer's sales.
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January 22, 2026
NJ Offers $300M In Sports And Entertainment Tax Credits
Developers of sports and entertainment projects in New Jersey can claim up to $300 million in tax credits as part of a package of $2.5 billion in economic development credits signed by former Gov. Phil Murphy on his last day in office.
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January 22, 2026
Biz Groups Resist Md. Commercial Property Tax Plan
Maryland would allow counties to establish a special subclass and tax rate for commercial and industrial property to finance transportation efforts and local education under legislation pitched to a Senate panel and opposed by business groups.
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January 22, 2026
King & Spalding Hires Ex-McDermott Atty For NYC Office
King & Spalding hired an ex-McDermott Will & Schulte partner for a partner role on its real estate and funds team in New York City, the firm announced.
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January 22, 2026
Fla. University Sues Architects Over Chapel Design Defects
The Florida International University has accused an architecture firm of botching the construction of an interfaith chapel on campus, saying in a suit filed in state court that the company failed to correct and pay the costs of structural defects in breach of their contract.
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January 22, 2026
Cadwalader Commodities Pro Joins Sidley In DC
A Cadwalader Wickersham & Taft LLP commodities partner has joined Sidley Austin LLP's regulatory and enforcement practice in Washington, D.C.
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January 22, 2026
AI Startup For Commercial Real Estate Operators Raises $18M
Technology startup Cambio, a developer of artificial intelligence-rooted software for commercial property owners, has raised $18 million in a Series A led by Maverick Ventures, the startup said Thursday.
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January 22, 2026
2 Firms Advise Energy Infrastructure Co.'s Go-Public Deal
Utility-scale energy infrastructure developer Hecate Energy Group said Thursday that it is set to become a public company valued at $1.2 billion under a merger advised by Cahill Gordon & Reindel LLP and Allen Overy Shearman Sterling LLP.
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January 21, 2026
EXp Brass Can't Shake Claims It Ignored Sexual Misconduct
The Delaware Chancery Court has allowed the bulk of a shareholder lawsuit against eXp World Holdings Inc. to proceed, saying it is reasonable to infer the real estate brokerage's board "effectively did nothing" in response to red flags about widespread allegations of drugging, rape and sexual assault.
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January 21, 2026
AI Startup, Chetrit Org. Ink Midtown HQ Office Lease Deal
EliseAI has signed a 10-year, 109,000-square-foot lease agreement with landlord The Chetrit Organization to move the artificial intelligence company's New York headquarters to another Midtown office building, the startup has announced.
Expert Analysis
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Contractor Remedies Amid Overhaul Of Federal Spending
Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.
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Contract Disputes Recap: Terminations Galore
Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.
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Making The Opportunity Zones Program Great At Last
As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.
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Investor Essentials For Buying Federally Owned Property
Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.
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How 2025 Is Shaping The Future Of Bank Mergers So Far
Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.
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Why NY May Want To Reconsider Its LLC Transparency Law
Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.
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Dewberry Ruling Is A Wakeup Call For Trademark Owners
The U.S. Supreme Court's decision in Dewberry v. Dewberry hones in on the question of how a defendant's affiliates' profits should be treated under the Lanham Act, and should remind trademark litigants and practitioners that issues involving monetary relief should be treated seriously, say attorneys at Finnegan.
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How GSA Lease Clauses May Affect DOGE Terminations
The Department of Government Efficiency has begun to cut the U.S. General Services Administration's enormous real estate portfolio, but some standard lease clauses include limits helpful to landlords that may slow progress toward the administration's cost-cutting goals, say attorneys at Pillsbury.
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What SDNY Judge Can And Can't Do In Adams Case
The federal judge in the Southern District of New York overseeing the criminal case against New York City Mayor Eric Adams deferred making a decision on the government's motion to dismiss the indictment, and while he does have limited authority to deny the motion, that would ultimately be a futile gesture, says Ethan Greenberg at Anderson Kill.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
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Nippon Order Tests Gov't Control Over Foreign Investments
The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.
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A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.