Commercial
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March 26, 2026
NC Court Denies Collective Bid In Wage Row, For Now
Employees alleging a property management company stiffed them on overtime wages cannot proceed as a collective for now, a North Carolina federal judge has ruled, finding that the current record is insufficient to determine whether they are similarly situated.
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March 26, 2026
Ohio AG Advances Bid For Constitutional Data Center Ban
Ohio Attorney General Dave Yost on Thursday advanced a petition for a constitutional amendment to prohibit the construction of data centers in the state, in one step toward seeing the question listed on the ballot.
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March 26, 2026
Exxon Settles Suit Over Cleanup Of Seattle Gas Station Site
Exxon Mobil Corp. has reached a settlement with a Seattle property owner who sought to hold the company liable for cleanup costs at the site of a former gas station, according to a motion approved Thursday by a Washington federal judge.
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March 26, 2026
Fried Frank Advises $1.7B Refi For SL Green Office Tower
Fried Frank Harris Shriver & Jacobson LLP advised office landlord SL Green Realty Corp. in landing a $1.65 billion refinancing of its One Madison Avenue tower after announcing the property became fully leased earlier this month.
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March 26, 2026
2nd Circ. Reopens Mortgage-Backed Securities ERISA Suit
The Second Circuit on Thursday revived a federal benefits lawsuit against Wells Fargo and Ocwen accusing the companies of mishandling home loans tied to a union pension fund's investments, overturning a lower court ruling that handed the bank and loan servicing companies a pretrial win in the proposed class action.
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March 26, 2026
Shutts & Bowen Must Face DQ Bid In Fla. Real Estate Dispute
A Florida state appeals court on Wednesday revived a bid to disqualify Shutts & Bowen LLP from representing a member of a real estate business in a dispute with his fellow owners, saying a trial court improperly barred certain testimony before rejecting the disqualification motion.
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March 26, 2026
Mich. Justices Revive Firm's Tax Cap Fight Over New Roof
The Michigan Supreme Court revived a law firm's claims that a new roof for its office building wasn't an addition that allowed the property's taxable value increase to exceed a 5% cap, remanding the case for further examination of the firm's constitutional arguments.
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March 26, 2026
Outgoing Realty Income CLO Earned $3.8M In 2025
Realty Income Corp's chief legal officer saw her compensation total $3.88 million in 2025, which will mark her final full year at the firm after the real estate investment trust announced its search for a new CLO earlier in March.
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March 26, 2026
11th Circ. Affirms Slashing Tax Breaks For Conservation Gifts
Two partnerships that claimed tens of millions of dollars in tax deductions for protecting 530 acres in Georgia from development grossly overvalued their contributions and rightfully drew penalties from the Internal Revenue Service, the Eleventh Circuit said in affirming a U.S. Tax Court decision.
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March 26, 2026
Ore. Industrial Property Value Cut By Tax Court
An industrial parcel in Oregon was overvalued, the state tax court ruled, agreeing with the owner's assertion of the property's highest and best use and the need for a sewer pump station.
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March 25, 2026
ICE Builds Out Detention Centers, And The Suits Pile Up
U.S. Immigration and Customs Enforcement's surging need for detention space — fueled by increased funding and a rapid escalation in enforcement activity — has sparked litigation from local lawmakers and advocacy groups concerned by the agency's full-throttle approach and perceived disregard for surrounding communities.
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March 25, 2026
Meet The Attys In Biotech Biz Finch's Ch. 11
A team of attorneys from Chipman Brown Cicero & Cole LLP and Ropes & Gray LLP is steering the Chapter 11 case of Finch Therapeutics, a company that develops treatments to improve the health of the body's microbiome.
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March 25, 2026
SmartStop, AXCS Capital Ink $100M Self-Storage JV
SmartStop Self Storage REIT Inc. and AXCS Capital Inc. have formed a $100 million real estate credit joint venture, with which the pair say they plan to target bridge debt and preferred equity investments in the self-storage sector.
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March 25, 2026
Developer Plans $214M Industrial Site In Second Va. Project
Commercial real estate company Flint Development said Wednesday it has won approval to start work on a $213.5 million industrial facility along Interstate 95 in Thornburg, Virginia.
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March 25, 2026
Lender Targets Borrower, Guarantor In $3.8M Default Suit
A Delaware lender has sued a group of real estate investors and affiliated entities in Delaware Chancery Court, accusing them of defaulting on a $3.8 million mezzanine loan and then diverting collateral to avoid repayment.
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March 25, 2026
HIG Realty Lands $1.6B Refi For Resorts, Logistics Portfolios
H.I.G. Capital has secured a $1.6 billion recapitalization of resorts in the Mediterranean region and warehouse properties in Europe through a lending consortium led by Piraeus Bank, the investment firm said Wednesday.
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March 25, 2026
US Could Approach $500B In Data Center Investment In 2026
Last year saw more than $580 billion in global data center investment, up 27% from 2024, and the U.S. alone in 2026 could approach $500 billion in such investment, according to a report Colliers released Wednesday.
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March 25, 2026
Foley & Lardner Moving Jacksonville Shop To New Tower
Foley & Lardner LLP announced plans Wednesday to move its Jacksonville, Florida, office later this year to a recently constructed six-floor tower in the city's downtown sports and entertainment district that is also home to the new business headquarters of the NFL's Jacksonville Jaguars.
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March 25, 2026
Contractor Sues Over 'Abandoned' Milwaukee Timber Tower
A developer that pitched a Milwaukee high-rise as the biggest in North America to use a timber-based structural system is facing a state lawsuit from a general contractor that claims it is owed $11.3 million for work before the project shut down in September.
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March 25, 2026
FBT Gibbons Lands Public Finance Pros From BigLaw Firms
FBT Gibbons LLP has added two public finance partners, one from Bracewell LLP in Houston and another from Barnes & Thornburg LLP in Columbus, Ohio.
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March 25, 2026
Brokers Claim CBRE Withheld Pay On Legal Tenant Deal
Three brokers are accusing CBRE of diverting $4 million in commissions from a Washington, D.C., office tenancy deal with a legal industry client to others who didn't substantively work on the transaction, according to a D.C. federal suit.
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March 25, 2026
Marriott Vacations Promotes Deputy GC To Top Spot
Marriott Vacations Worldwide Corp. has promoted its deputy general counsel to take over as the company's new top lawyer, replacing its longtime general counsel who stepped down earlier this month.
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March 25, 2026
Utah Expands Unrelated Biz Income Definition For Corp. Tax
Utah will expand its definition of corporate income to include income allocated to the state under a bill signed by the state's governor.
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March 25, 2026
Biotech 'Lowballed' Landlord On Lease Exit, Suit Says
Biopharma company Werewolf Therapeutics has offered its Massachusetts landlord little more than 10 cents on the dollar to buy out the remainder of a lease for its lab space, even as the firm pays out departing executives and other creditors, according to a lawsuit brought in state court.
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March 25, 2026
Idaho Expands Retail Developer Sales Tax Rebate
Idaho expanded a sales tax rebate to reimburse developers of retail complexes for eligible transportation project expenses under a bill signed by the governor.
Real Estate Private Credit's Moment To Shine
Even under scrutiny prompted by problems in corporate private credit, the real estate corner of private credit is holding up. Although both forms of debt are under the heading of private credit, attorneys that advise private credit borrowers, lenders and investors do not expect real estate private credit to get blowback from the corporate private credit world.
States Push To Rein In Data Centers Via Bans, Restrictions
Lawmakers across the country are weighing a gamut of rules for data center projects amid concerns about their use of resources and impacts on consumer electricity bills, including mulling temporary bans on development and repeals of tax breaks in states with big markets.
Iran Conflict Reveals Real Estate Risk And Resilience
The Iran conflict's impact on U.S. commercial real estate so far has been limited, but some real estate and construction attorneys in the U.S. and the Middle East are seeing early consequences, including clients invoking force majeure provisions.
Expert Analysis
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AI Is Changing The Game For Lenders' Vendor Governance
Recent guidance from Freddie Mac and the Treasury Department reinforces that expectations surrounding AI oversight are beginning to shape how mortgage lenders operationalize vendor governance, which is emerging as a critical compliance challenge for the decade ahead, says Alexandra Temple at Mitchell Sandler.
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Human Diligence Crucial As AI Raises Real Estate Fraud Risks
A recent title fraud warning from Florida officials demonstrates that artificial intelligence has lowered the barrier to committing complex property scams, forcing real estate industry stakeholders and attorneys to prioritize contextual review in transactions, says Neil Cohen at Barsh and Cohen.
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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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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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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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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.