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Real Estate
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March 16, 2026
SoHo Building In NYC Hits Ch. 11, Owing $30M
The owner of a mixed-use building in Manhattan's SoHo neighborhood has filed for Chapter 11 bankruptcy with more than $30.6 million in liabilities, according to a petition filed in New York bankruptcy court.
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March 16, 2026
SD Eliminates Ag Land Assessment, Tax Oversight Task Force
South Dakota eliminated a task force that oversaw the assessment and taxation of agricultural land and required the state Department of Revenue to provide data relating to the valuation of such land to state legislative tax committees under a bill signed by the governor.
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March 16, 2026
IRS' Easement Fraud Penalties Require Trial, 5th Circ. Told
The Internal Revenue Service violated the Seventh Amendment by imposing civil fraud penalties without a jury first reviewing them, a partnership told the Fifth Circuit, arguing the penalties' common-law roots allow the entity to invoke constitutional protections in its conservation easement tax deduction dispute.
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March 16, 2026
NC Seller Can't Duck $200M Apartment Complex Sale Suit
A North Carolina federal judge ruled that an apartment complex owner and affiliated entities can't avoid claims that they improperly held on to a potential buyer's deposit after environmental contamination thwarted a nearly $200 million deal to buy 10 properties.
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March 16, 2026
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court's docket last week featured disputes including an $83.75 million settlement tied to a renewable energy merger, fraud claims in a fertilizer company acquisition and a developer's fight for control of a major Philadelphia redevelopment project.
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March 16, 2026
Public Storage Inks $10.5B Deal To Create Industry Giant
Public Storage Inc. said Monday it has agreed to acquire National Storage Affiliates Trust at an enterprise value of about $10.5 billion, with three law firms advising the REITs as they seek to create one of the largest self-storage platforms in the U.S.
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March 16, 2026
Senior Housing REIT Janus Living Seeks $703M From IPO
Senior housing-focused real estate investment trust Janus Living said Monday that it is seeking about $700 million in an initial public offering later this week, advised by Latham & Watkins LLP and Sidley Austin LLP, that follows a carveout earlier this year.
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March 13, 2026
Real Estate Recap: Iran, Investor Optimism, Construction Debt
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including implications for the real estate sector from the war in Iran, what investors are saying about the market and specific asset classes, and a look at where construction debt is ballooning.
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March 13, 2026
Fla. Land Use Bill Passes With Controversy Quelled In Part
On the final day of their annual regular session, Florida lawmakers passed a bill that imposes a variety of preemptions on local governments' land use review after they removed parts that threatened Miami's Urban Development Boundary but left in a provision that clears a path for a controversial project in Miami Beach.
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March 13, 2026
Trump Orders Seek To Spur Home Building, Mortgage Access
President Donald Trump signed two executive orders Friday that seek to get rid of certain regulations, with the goal of making it easier to build affordable housing and obtain mortgages.
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March 13, 2026
Fed. Bill Would Transfer 860 Acres To Calif.'s Pechanga Band
A coalition of federal California lawmakers have introduced legislation that would transfer 860 acres from the U.S. Bureau of Land Management into trust for the Pechanga Band of Indians.
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March 13, 2026
GSA Pans Giving 'Unelected Judiciary' Sway Over Property
The federal government's landlord told the federal judiciary it is "ill equipped" to have direct authority to maintain its buildings.
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March 13, 2026
Walmart Says Pa. Store Didn't Break Grocery Sales Agreement
Walmart wants to throw out a neighboring property owner's claim that a Pittsburgh-area store breached the terms of a nearly 30-year-old easement agreement, arguing a lawsuit's allegation that it had been in violation of an agreement not to compete on grocery sales for years was too vague and too late.
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March 13, 2026
Nixon Peabody Adds RE Attys To SF, DC Offices
Nixon Peabody LLP has hired two veteran real estate attorneys for counsel roles in its San Francisco and Washington, D.C., locations, the firm announced.
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March 13, 2026
Esquire's $348M Signature Deal Bolsters Litigation Platform
Esquire Financial Holdings Inc. has agreed to buy the parent company of Signature Bank in a roughly $348.4 million deal that Esquire said will help expand its Chicago-area commercial banking presence and support growth of its litigation banking platform.
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March 12, 2026
ICE Ordered To Pause Detention Project Over Enviro Concerns
The U.S. Department of Homeland Security must halt the construction of a planned immigration detention facility in Maryland, a federal judge has ordered, saying that the department likely failed to take a "hard look" at the construction's potential environmental impact.
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March 12, 2026
Steep Senate Majority Passes Landmark Housing Bill
The U.S. Senate passed landmark legislation Thursday aimed at boosting housing supply and cutting housing costs across the country, with steep bipartisan support despite concerns over a provision that stakeholders claim could undermine the "build-to-rent" sector.
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March 12, 2026
Holland & Knight's San Francisco Office Shifts Leadership
Holland & Knight LLP announced on Thursday that it has appointed a real estate finance attorney who co-chairs the firm's healthcare finance practice to take the reins of its San Francisco office.
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March 12, 2026
TV Network Founder, IRS Seek Settlement In $18M Tax Case
The owner of a broadcasting company whose deal to sell $75 million in assets fell through is headed to settlement negotiations with the federal government over $18 million in taxes related to his father's estate, according to Michigan federal court filings.
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March 12, 2026
Fed. Circ. Won't Revive Buy Belize Scam Case
The Federal Circuit on Thursday backed a lower court ruling that tossed a suit filed by investors who claimed the Maryland federal court wrongfully refused to return seized assets that were taken to satisfy its $120.2 million judgment for the federal government's real estate fraud suit.
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March 12, 2026
Pot Landlord's Suit Against Town Over Revocation Trimmed
A Michigan federal judge on Thursday dismissed most claims against a Royal Oak Township official and a government contractor in a suit from a cannabis real estate business alleging its licenses were wrongly revoked.
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March 12, 2026
NM Bars Local Gov'ts From Levying Tax On Child Care Homes
New Mexico barred local governments from imposing certain taxes on registered child care homes under a bill signed by the governor.
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March 11, 2026
PacifiCorp Owes More Than $53M In Latest Wildfire Verdict
An Oregon state jury has awarded $53.4 million in noneconomic damages in the latest trial over wildfires PacifiCorp was found liable for starting around the state on Labor Day 2020, including awards to a couple who owned an excavation company.
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March 11, 2026
Dem Lawmakers Dispute Economics Of Arctic Oil Leasing
Democratic lawmakers in the U.S. Senate and House have condemned the Trump administration's plans to auction off lands within the Arctic National Wildlife Refuge to oil and gas companies, saying there is no economic interest to be gained from drilling.
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March 11, 2026
Florida Man Can Proceed With $13M Home Straw Buyer Suit
A home seller can pursue claims he would not have sold his Miami Beach property for $13 million had he known it was going to a straw buyer planning to flip the property a year later, a Florida appeals court ruled Wednesday, reviving part of the resident's lawsuit.
Expert Analysis
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How Cos. Should Prepare For NY RAISE Act Compliance
With the New York Responsible AI Safety and Education Act taking effect March 19, state regulators will expect subject artificial intelligence governance policies to understand whether appropriate safeguards and protocols are in place to prevent or mitigate discriminatory or adverse outcomes by frontier models, says Michael Paulino at Gordon Rees.
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The Benefits Of Choosing A Niche Practice In The AI Age
As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.
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Series
Podcasting Makes Me A Better Lawyer
Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.
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Strategies For Retailers, Landlords In M&A Portfolio Reduction
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.
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4th Circ. Navy Federal Decision Illustrates Nuances Of Rule 23
The Fourth Circuit's recent decision in Oliver v. Navy Federal Credit Union helpfully clarified how class action defendants can use Rule 23(c)(1)(A) to eliminate exposure early, along with the limitations of such an approach, say attorneys at Duane Morris.
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Series
Volunteering With Scouts Makes Me A Better Lawyer
Serving as an assistant scoutmaster for my son’s troop reaffirmed several skills and principles crucial to lawyering — from the importance of disconnecting to the value of morality, says Michael Warren at McManis Faulkner.
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Series
Law School's Missed Lessons: In Court, It's About Storytelling
Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.
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Where Ceding Control In Joint Ventures Ups Developer Risks
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.
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Aligning Microsoft Tools With NYC Bar AI Recording Guidance
The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.
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How SF Family Zoning Suit Could Stymie City, Builder Goals
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.
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5 Different AI Systems Raise Distinct Privilege Issues
A New York federal court’s recent U.S. v. Heppner decision, holding that a defendant’s use of Claude was not privileged, only addressed one narrow artificial intelligence system, but lawyers must recognize that the spectrum of AI tools raises different confidentiality and privilege questions, says Heidi Nadel at HP.
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Opinion
AI-Assisted Arbitration Needs Safeguards To Ensure Fairness
As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.
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Series
Playing Piano Makes Me A Better Lawyer
Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.
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NYC Energy Storage Guidance Clarifies Compliance Pathways
The New York City Department of Buildings’ recently issued bulletin provides long-awaited clarity on how battery storage systems may generate greenhouse gas emissions deductions, materially expands compliance pathways for building owners and creates new opportunities for providers, say attorneys at Hodgson Russ.
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Takeaways From CFPB's Retreat On Immigrant Fair Lending
Practices discouraged under the Consumer Financial Protection Bureau and Justice Department's 2023 statement on the treatment of immigration status under the Equal Credit Opportunity Act may now be permissible following its recent withdrawal, making it crucial for lenders to follow unfolding fair lending developments in this area, say attorneys at Steptoe.