Commercial
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March 03, 2026
Kirkland Advises $3.8B Turnkey Nevada Data Center Build
Kirkland & Ellis LLP advised data center developer Tract Capital on a 230-megawatt turnkey data center in Nevada financed with a $3.8 billion offering.
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March 02, 2026
Ex-Atty Kossoff Axed From Bankruptcy Case Amid Appeal
A New York bankruptcy judge determined he has jurisdiction over litigation stemming from the collapse of real estate law firm Kossoff PLLC after its principal stole $14 million from its clients, finding the firm's founder may be dismissed as a defendant because the now imprisoned, disbarred lawyer "appears to be judgment-proof."
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March 02, 2026
Saks, Simon Properties Argue Fate Of Store Leases
Retail landlord Simon Properties and luxury retailer Saks Global on Monday wrangled over the wording of a 2024 investment agreement as they asked a Texas bankruptcy judge to determine the fate of the leases of two Saks locations.
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March 02, 2026
SL Green, Sutton Sell Madison Avenue Retail Site For $55M
Office landlord SL Green Realty Corp. said Monday that its joint venture with Jeff Sutton's Wharton Properties has sold a five-story building on Manhattan's Upper East Side leased to a luxury jewelry company for $54.5 million.
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March 02, 2026
No Plans For Detention Center In Ore. City, DHS Tells Court
The U.S. Department of Homeland Security and U.S. Immigration and Customs Enforcement have urged a Washington federal court to dismiss two suits challenging alleged plans to build an immigrant detention facility in Newport, Oregon, arguing that it has no such plans.
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March 02, 2026
SP Legal Guides TKF Burnside's NY Office Property Buy
TKF Burnside Real Estate Partners, guided by SP Legal Advisors PLLC, purchased a 400,000 rentable square-foot office building in White Plains, New York, whose tenants include Skadden Arps Slate Meagher & Flom LLP and Heineken USA.
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March 02, 2026
Nixon Peabody Reps Senior Living Project's $633M Financing
RiverSpring Living, the owner of a senior living campus in The Bronx in New York City, said it has obtained $633 million in financing to build a continuing care retirement community from Ziegler, with help from Nixon Peabody LLP.
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March 02, 2026
Skadden-Led Energy Co. AES Agrees To $10.7B Buyout
AES Corp., guided by Skadden Arps Slate Meagher & Flom LLP, said Monday that it has agreed to be acquired by a consortium of infrastructure investors led by Blackrock's Global Infrastructure Partners and EQT Infrastructure VI in a deal with a $10.7 billion equity value and a $33.4 billion enterprise value.
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March 02, 2026
Fla. REIT Blames Ponzi Probe, Lawsuits In Ch. 11 Filing
A real estate investment trust accused last year by Florida authorities of being a Ponzi scheme has filed for federal bankruptcy protection, claiming the state probe, a racketeering lawsuit from a talk show host and a U.S. Securities and Exchange Commission action tarnished its reputation.
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March 02, 2026
Reed Smith-Led Dwight Buys $500M Senior Housing Loans
Dwight Capital, advised by Reed Smith LLP, has bought a portfolio of loans backed by senior housing and healthcare property with a total unpaid balance of $500 million for an undisclosed price from Midland States Bank, according to a Monday announcement.
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March 02, 2026
Mass. Board OKs LLC's Property Tax Exemption
A Massachusetts limited liability company is eligible for a manufacturing property tax exemption despite a local assessor's contention that the exemption applied only to certain entities, the state Appellate Tax Board said in rulings released Monday.
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March 02, 2026
NY Pushes Bid To Nix RealPage's Suit Over Rental Pricing Law
The Office of the New York State Attorney General once again has urged a New York federal court to dismiss a free speech suit filed by property management software company RealPage Inc., which is challenging a state law that prohibits landlords from using software that makes recommendations for things such as rents and occupancy levels.
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March 02, 2026
Minn. Tax Court Erred In Valuing Hotel, Minn. Justices Told
The Minnesota Tax Court improperly lowered the value of a Minneapolis hotel and convention center and should not have disregarded the minimum assessment agreement that existed between the county and the property owner, the county told the Minnesota Supreme Court.
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March 02, 2026
Univ. Aims To Pull Montgomery McCracken Into Property Suit
Rider University is seeking permission to add Montgomery McCracken Walker & Rhoads LLP as a defendant to an ongoing legal malpractice lawsuit in New Jersey state court stemming from a dispute over the school's ownership of a $42 million property.
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March 02, 2026
Mass. Board Raises, Lowers Boston Building Tax Values
A Massachusetts board trimmed the valuation of a Boston office building for one tax year while boosting it for two others in a decision released Monday, rejecting larger changes sought by the parties.
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March 02, 2026
Attorney, Law Firm Seek Exit From EB-5 Fraud Suit
An attorney and his law firm urged a Florida federal judge to throw out fraud claims a proposed class of EB-5 investors lodged against them over what they called a sham real estate development in Orlando, Florida.
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March 02, 2026
Construction Spending Fell To End 2025, Census Data Shows
Total U.S. construction spending fell 1.4% on an annual basis to end 2025, according to U.S. Census Bureau figures, with nonresidential construction seeing a decline across most categories in December.
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February 27, 2026
REIT Execs Hurt Investors With Dividend 'Reset,' Suit Says
Real estate investment trust Franklin BSP Realty Trust Inc. is facing a proposed investor class action in New York federal court alleging it concealed the possibility that it would cut its quarterly dividend payouts, hurting investors when it announced a dividend "reset" and its share price subsequently fell.
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February 27, 2026
Fla. Large-Acre Deals Slowed In 2025, Broker Report Says
The number of large-acreage land purchases in Florida slowed last year after a rush of such activity in 2024 to convert big agricultural plots into residential, solar or other developments, commercial brokerage Saunders Real Estate said Friday.
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February 27, 2026
Acquisitions Bolster Texas Data Center Campus Project
Data center developer New Era Energy & Digital Inc. has announced it is in the process of securing more than 50 additional acres as well as 450 megawatts of on-site power at a data center campus under development in Ector County, Texas.
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February 27, 2026
Bristol-Myers Campus Sale Suit Sent Back To NJ
A dispute over the sale of a 433-acre Bristol-Myers Squibb Co. research campus was sent back to state court after a New Jersey federal judge held that the addition of a "diversity-destroying" plaintiff was not out of bounds.
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February 27, 2026
Casino REITs Talk IGaming, NYC Casinos, Sports Real Estate
Two major casino real estate investment trusts reported earnings and held calls with analysts this week to discuss opportunities to finance casino development in New York City, the risks of iGaming legislation, and opportunities in sectors other than their main focus, casinos.
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February 27, 2026
Ala. Lawmakers OK Boosted Tourism Project Tax Break Cap
Alabama would increase caps on tax rebates available to companies that operate qualifying tourism projects in the state under a bill approved by the state Legislature and sent to the governor.
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February 27, 2026
Philly Developer Stuck With $38M Wrongful Death Judgment
A prominent Philadelphia developer can't dodge a $37.5 million judgment against his construction company, according to a state appellate court opinion that held the business, as general contractor, owed a duty to provide safety equipment to a subcontractor who fell to his death.
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February 27, 2026
Developer Admits Stealing From Investors, On Hook For $13M
A Florida developer told a Manhattan federal judge Friday that he misappropriated the proceeds of membership interests in real estate projects he pitched to investors, copping to a count of securities fraud and agreeing to forfeit up to $13 million.
Tariff Decision May Offer Fleeting Relief For Real Estate Sector
Attorneys and other industry professionals shared insights with Law360 Real Estate Authority about how the U.S. Supreme Court ruling striking down certain tariffs and the White House's response may impact real estate and construction.
CRE Brokers Tout Q4 Results Despite AI Disruption Concern
Commercial real estate's biggest brokerages disputed the notion that artificial intelligence technology could eventually replace the work of brokers or drive down demand for office space during fourth-quarter earnings calls announcing brisk earnings and revenue growth.
Shareholder Activism In Real Estate Enters New Era
Boards of directors for real estate investment trusts should expect dissenting investors to continue challenging corporate leadership behind closed doors and in the open, attorneys say, because the days of REITs being unattractive targets are over.
Expert Analysis
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How Blockchain Could Streamline Real Estate Transactions
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.
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Del. Dispatch: Workplace Sexual Misconduct Liability In Flux
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.
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CFIUS Initiative May Smooth Way For Some Foreign Investors
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.
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How AI Data Centers Are Elevating Development Risk In 2026
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.
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Tips For Counsel As PE Eyes Data Center Facility Services
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.
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CFIUS Must Adapt To Current Foreign Investment Realities
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.
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Breaking Down Expense Allocation In Mixed-Use Properties
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.
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What Fla. Trends Reveal About AI In Real Estate Development
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.
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NJ Ruling Sheds Light On When 'Stub Rent' Must Be Paid
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.
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What Changed For Healthcare Transaction Law In 2025
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.
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How Developers Can Harness New Texas Zoning Framework
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.
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What To Know About NY's Drastic 3rd-Party Practice Changes
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.
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Expect A New Normal In Commercial Real Estate This Year
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.