Commercial

  • April 20, 2026

    Committee Balks At Hudson Hotel's $10M DIP Increase Ask

    The official committee of unsecured creditors in the Chapter 11 cases of entities tied to the former Hudson Hotel objected Saturday to the debtors' request to increase its postpetition financing from $32 million to $42 million, saying the money won't be used to propel a reorganization plan toward confirmation.

  • April 20, 2026

    REIT Investors Get Initial OK For $2.3M Settlement

    Investors in real estate investment trust Sun Communities Inc. have received an initial nod for their proposed $2.3 million deal to end claims the company concealed that a former CEO received a loan from a board member's relatives, precipitating share price declines when the loan was disclosed by a short seller.

  • April 20, 2026

    Judge Largely Axes Protest Over NASA Movie Production Deal

    A NASA contracting officer lacked the authority to enter into a long-term contract with a movie production company, a Court of Federal Claims judge said, axing the company's claims that NASA breached an implied agreement to lease space at a Louisiana facility for 10 years.

  • April 20, 2026

    Mich. AG Fights Approval Of DTE-Oracle Data Center Plan

    The Michigan attorney general has filed two claims of appeal challenging orders from the Michigan Public Service Commission approving energy supply contracts between DTE Energy and a subsidiary of cloud-computing platform Oracle Corp. tied to a massive 1.4 gigawatt AI data center project, alleging regulators unlawfully bypassed a contested case process.

  • April 20, 2026

    Simpson Thacher Adds 2 Partners To Data Center Team

    Simpson Thacher & Bartlett LLP has hired two transactional real estate attorneys who specialize in digital infrastructure deals as partners in its Washington, D.C., and New York City offices, the firm announced Monday.

  • April 20, 2026

    NYC Real Estate Week In Review

    Vinson & Elkins and Spencer Fane are among the law firms that steered the largest New York City real estate transactions that became public last week, with a trio of Manhattan trades topping the list.

  • April 20, 2026

    Colo. House OKs Penalties For False Valuation Statements

    Owners of nonresidential property in Colorado who willfully give certain false valuation information to assessors could face criminal penalties under legislation passed by the state House of Representatives.

  • April 20, 2026

    3 Firms Advise Blue Owl's $2.4B Tampa Healthcare REIT Buy

    Blue Owl Capital agreed to pay $2.4 billion for healthcare-focused real estate investment trust Sila Realty Trust in a take-private deal announced Monday advised by Hogan Lovells, Kirkland & Ellis LLP and Dechert LLP.

  • April 20, 2026

    Justices Won't Review Vegas Hotel Algorithmic Pricing Suit

    The U.S. Supreme Court on Monday rejected a petition seeking to revive a proposed class action accusing casino-hotel operators on the Las Vegas Strip of using software from Cendyn Group to illegally inflate room rates.

  • April 17, 2026

    Douglas Emmett Pays $260M For Beverly Hills Med. Portfolio

    Douglas Emmett has closed its $260 million acquisition of a 246,000-square-foot Class A portfolio of outpatient medical properties located in Beverly Hills, California, the real estate investment trust announced.

  • April 17, 2026

    Eversheds Sutherland's Atlanta Office Moved To Skyscraper

    Eversheds Sutherland has relocated its longtime Atlanta office to the four top floors of the Bank of America Plaza, moving to a smaller and renovated space at a skyscraper known as the tallest tower in the Southeast.

  • April 17, 2026

    Colo. Panel Blocks Proposal To Split Land, Building Tax Rates

    A proposal to allow local jurisdictions in Colorado to apply different property tax rates to structures and land was stalled by a state House panel amid concerns from assessors and others.

  • April 17, 2026

    Nussbaum-Linked Law Firms Hit Ch. 11 Facing Scheme Suits

    Two commercial real estate law firms headed by Mark J. Nussbaum filed for Chapter 11 protection in New York, listing at least $353 million in disputed unsecured claims tied to the firms' hard money lending practices that have been described in litigation as a Ponzi scheme.

  • April 16, 2026

    White House Again Ordered To Stop Ballroom Construction

    A D.C. federal judge clarified his injunction blocking construction on the White House ballroom project, amending his order to specifically stop construction on all aboveground construction but allowing for construction of national security facilities beneath it.

  • April 16, 2026

    GTIS Buys 116-Acre Fla. Site To Develop Logistics Hub

    GTIS Partners LP announced it has purchased a 116-acre industrial site in Tampa, Florida, that the global real estate investment firm plans to turn into a 382,500-square-foot Class A logistics center.

  • April 16, 2026

    Seattle's COVID-Era Tenant Protections Face Appellate Skeptic

    A Washington state appellate judge pushed back Thursday on Seattle's defense of COVID-19-era tenant rights ordinances, observing that the plaintiff landlord may have a stronger Fifth Amendment takings claim than usual because of the "unique" situation of "six regulations passed within a short time period."

  • April 16, 2026

    NY Bar Assoc. Building Owner Broke Ch. 11 Deal, Lender Says

    A lender of the insolvent owner of the historic New York County Lawyers Association Building in Manhattan accused the owner of violating a Chapter 11 settlement and asked a New Jersey bankruptcy judge to reinstate its $29 million claim in full.

  • April 16, 2026

    NYC Suit Alleges $1.3M Illegal Short-Term Rental Scheme

    A New York City landlord and several of his relatives and associates made over $1.3 million from an illegal short-term rentals scheme that involved hosting an illegal number of guests, the city alleged in New York state court.

  • April 16, 2026

    Calif. Mall Can't Have Property Value Reduced Due To COVID

    A California mall should not have its property value reduced despite hardships faced due to the coronavirus pandemic, because the mandated closures did not physically affect the property, a state appellate court affirmed. 

  • April 16, 2026

    Ky. Conforms To Fed. Tax Changes, Nixes Tax Threshold

    The Kentucky General Assembly overrode the governor's veto of a bill that eliminates its sales tax nexus transaction threshold, levies sales tax on data brokering services and will conform the state's tax code with some provisions of the Internal Revenue Code.

  • April 16, 2026

    ICE Ordered To Stop Work On Maryland Detention Center

    A Maryland federal court blocked the Trump administration from continuing construction work to convert an existing warehouse into an immigrant detention center while a challenge brought by the state under federal environmental regulations plays out.

  • April 16, 2026

    4 Canadian Law Firms Steer $9.4B REIT Take-Private Deal

    Choice Properties REIT and private equity firm KingSett Capital have agreed to acquire First Capital REIT in a transaction valued at approximately $9.4 billion, including debt, in a deal steered by four Canadian law firms. 

  • April 16, 2026

    Nossaman Adds Procopio Construction Trio In California

    Nossaman LLP has deepened its infrastructure group by adding a pair of partners and an associate to its Orange County roster who joined from Procopio Cory Hargreaves & Savitch LLP.

  • April 16, 2026

    Clean Energy Lender Lands C-PACE Funding Up To $300M

    Investment manager Ares Management provided up to $300 million for a Commercial Property Assessed Clean Energy financing vehicle to an affiliate of Los Angeles-based commercial real estate finance firm AXCS Capital, according to an announcement.

  • April 15, 2026

    Energy Tech Co., Execs Sued Over $2.4B AI Power Deal

    Energy technology company Babcock & Wilcox Enterprises Inc. and its top brass face an investor suit alleging they made misstatements about an agreement to deliver power to an artificial intelligence data center project and failed to disclose that B&W's largest shareholder was on both sides of the deal.

Expert Analysis

  • Dealmaker Lessons From CFIUS' New Enforcement Webpage

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    The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.

  • Reassessing Lease Provisions To Account For ESG Initiatives

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    As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.

  • Avoid Getting Burned By Agencies' Solar Financing Spotlight

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    Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.

  • Co-Tenancy Clause Pointers For Shopping Center Landlords

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    Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.

  • Assessing Algorithmic Versus Generative AI Pricing Tools

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    A comparison of traditional algorithmic pricing models and those powered by generative artificial intelligence can help regulators and practitioners weigh the pros and cons of relying on large language models to price products or services, say Maxime Cohen at McGill University, and Tim Spittle and Jimmy Royer at Analysis Group.

  • Navigating A Potpourri Of Possible Transparency Act Pitfalls

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    Despite the Financial Crimes Enforcement Network's continued release of guidance for complying with the Corporate Transparency Act, its interpretation remains in flux, making it important for companies to understand potentially problematic areas of ambiguity in the practical application of the law, say attorneys at Sidley.

  • Keys To Successful Commercial Property Insurance Claims

    Excerpt from Practical Guidance
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    While insurance needs for commercial leasing arrangements are driven by the characteristics of the premises and the nature of the tenants' intended operations, there are several universal best practices landlords and their counsel can follow when making claims after loss or damage.

  • Tips For Handling Single Asset Real Estate Bankruptcy Cases

    Excerpt from Practical Guidance
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    Bankruptcy counsel should consider several strategies when representing either a debtor or lender in single asset real estate debtor Chapter 11 cases, which generally arise when a debtor is forced to file for relief to stop an impending foreclosure sale.

  • Increased Scrutiny Raises Int'l Real Estate Transaction Risks

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    Recently proposed regulations expanding the Committee on Foreign Investment in the United States' oversight, a White House divestment order and state-level legislative efforts signal increasing scrutiny of real estate transactions that may trigger national security concerns, say Luciano Racco and Aleksis Fernández Caballero at Foley Hoag.

  • Portland's Gross Receipts Tax Oversteps City's Authority

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    Recent measures by Portland, Oregon, that expand the voter-approved scope of the Clean Energy Surcharge on certain retail sales eviscerate the common meaning of the word "retail" and exceed the city's chartered authority to levy tax, say Nikki Dobay at Greenberg Traurig and Jeff Newgard at Peak Policy.

  • Proposed Law Would Harm NYC Hospitality Industry

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    A recently proposed New York City Law that would update hotel licensing and staff coverage requirements could give the city commissioner and unions undue control over the city's hospitality industry, and harm smaller hotels that cannot afford full-time employees, says Stuart Saft at Holland & Knight.

  • Class Actions At The Circuit Courts: August Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy considers certification cases touching on classwide evidence of injury from debt collection practices, defining coupon settlements under the Class Action Fairness Act, proper approaches for evaluating attorney fee awards in class action settlements, and more.

  • Brownfield Questions Surround IRS Tax Credit Bonus

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    Though the IRS has published guidance regarding the Inflation Reduction Act's 10% adder for tax credits generated by renewable energy projects constructed on brownfield sites, considerable guesswork remains as potential implications seem contrary to IRS intentions, say Megan Caldwell and Jon Micah Goeller at Husch Blackwell.