Commercial
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April 20, 2026
Two Harbors Shareholder Sues To Stop CrossCountry Deal
A shareholder for Two Harbors Investment Corp. filed a lawsuit in Illinois federal court Friday asking a judge to block the real estate investment trust's merger with mortgage lender CrossCountry.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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."
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Expert Analysis
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5 Lender Strategies When A Commercial Borrower Defaults
With an estimated $2 trillion in commercial real estate loans set to mature by 2027, now is an opportune time for lenders to review practices on both the front and back ends, and understand the full range of options available in the event of a default, says Keith Mundrick at Amundsen Davis.
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How Workforce, Tech Will Affect 2026 Construction Landscape
As the construction industry's center of gravity shifts from traditional commercial work to infrastructure, energy, industrial and data-hosting facilities, the effects of evolving technology and persistent labor shortages are reshaping real estate dealmaking, immigration policy debates and government contracting risk, say attorneys at Cozen O'Connor.
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Receivership Law May Streamline Real Estate Sales In Illinois
The Illinois Receivership Act, which goes into effect Jan. 1, provides much-needed clarity on the issue of receivers' sales of commercial real estate and will make the process easier for parties including receivers, special servicers and commercial real estate lenders, say attorneys at Troutman.
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How Choice Of Law Won The Day In NC Biz Court COVID Case
The North Carolina Business Court recently ruled for policyholders in Tanger Properties v. ACE American Insurance, a business interruption lawsuit arising from the pandemic-related closure of Tanger outlet centers, underscoring the significant role that choice of law plays in insurance coverage disputes, say attorneys at Hunton.
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The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations
Amid a surge in commercial office leasing driven by artificial intelligence firms, it's crucial for landlords to be aware of the potential downside of accepting letters of credit — in particular, for amounts of security that are less than the statutory bankruptcy claim cap, say attorneys at Allen Matkins.
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California Vapor Intrusion Policy Should Focus On Site Risks
As California environmental regulators consider whether to change the attenuation factor used in screenings for vapor intrusion, the most prudent path forward is to keep the current value for screening purposes, while using site-specific, risk-based numbers for cleanup and closure targets, says Thierry Montoya at Frost Brown.
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What To Watch As NY LLC Transparency Act Is Stuck In Limbo
Just about a month before it's set to take effect, the status of the New York LLC Transparency Act remains murky because of a pending amendment and the lack of recent regulatory attention in New York, but business owners should at least prepare for the possibility of having to comply, says Jonathan Wilson at Buchalter.
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Power Market Reforms Push Data Center Lease Rates Higher
Rising demand, constrained supply and ongoing reforms, amid a rush for reliable, near-term computing capacity, are putting pressure on data center leasing renewal rates in large markets such as the Electric Reliability Council of Texas and PJM Interconnection Inc., say attorneys at Weil.
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Courts Stay Consistent In 'Period Of Restoration' Rulings
Three recent rulings centering on the period of restoration in lost business income claims followed the same themes in interpreting this infrequently litigated, but highly consequential, provision of first-party property and time element insurance coverage, say attorneys at Zelle.
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The Emerging Issues Shaping Real Estate Project Insurance
As real estate faces increasingly complex considerations — such as climate losses, "nuclear verdicts" and regulatory changes — insurance is evolving into a strategic function that should be discussed early in the planning stages of a project, says Jason Adams at Cox Castle.
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CFIUS Trends May Shift Under 'America First' Policy
The arrival of the Committee on Foreign Investment in the United States' latest annual report suggests that the Trump administration's "America First" policy will have a measurable effect on foreign investment, including improved trendlines for investments from allied sources and increasingly negative trendlines for those from foreign adversary sources, say attorneys at Debevoise.
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New Conn. Real Estate Laws Will Reshape Housing Landscape
With new legislation tackling Connecticut's real estate landscape, introducing critical new requirements and legal ambiguities that demand careful interpretation, legal counsel will have to navigate a significantly altered and more complex regulatory environment, say attorneys at Harris Beach.
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Trump Tax Law Has Mixed Impacts On Commercial Real Estate
The One Big Beautiful Bill Act brings sweeping changes to the real estate industry — and while the permanency of opportunity zones and bonus depreciation creates predictability for some taxpayers, sunsetting incentives for renewable energy projects will leave others with hard choices, says Jordan Metzger at Cole Schotz.