Commercial

  • January 13, 2026

    DLA Piper Can't Counsel Hudson Hotel In Ch. 11, Judge Says

    A Delaware bankruptcy judge Tuesday rejected a bid by two bankrupt entities tied to the former Hudson Hotel to retain DLA Piper LLP as special counsel in their Chapter 11 case, saying the law firm's work for the entities' lender presented a conflict of interest.

  • January 13, 2026

    2 Firms Guide Blackstone's $475M Grocery Facility Investment

    Blackstone Credit & Insurance said it will invest $475 million into the construction of Ahold Delhaize USA's new automated grocery distribution center in North Carolina through a triple net lease transaction, in a deal guided by A&O Shearman and Milbank.

  • January 13, 2026

    Changing Tech Is Data Centers' Problem For Another Day

    Data centers have become the darling of the real estate industry, but there are still unanswered questions about how the technology will ultimately be monetized and what leasing and financing structures will emerge. Brent Gilfedder of King & Spalding LLP speaks with Law360 Real Estate Authority about the challenges of financing data centers and the potential risks of technological change.

  • January 13, 2026

    REITs Say $787M Merger's Proxy Info Not Misleading

    Real estate investment trusts Ready Capital Corp. and Broadmark Realty Capital Inc. urged a Washington federal court on Tuesday to toss a proposed shareholder class action accusing the companies of misleading shareholders to get votes for their $787 million merger, arguing the relevant proxy materials fully informed shareholders about the deal before they voted.

  • January 13, 2026

    Developer Announces Plan For $6B Ark. Data Center Campus

    Data center developer Avaio Digital Partners announced Monday that it plans to spend $6 billion on a campus near Little Rock, Arkansas, in a project that it said represents the biggest economic investment in state history.

  • January 13, 2026

    Ex-Standard Int'l CEO To Start Helbraun Levey Hotel Practice

    Hospitality-focused law firm Helbraun Levey said it has hired the former CEO of Standard International to launch its new hotel practice.

  • January 13, 2026

    Fried Frank Brings On Experienced V&E Real Estate Team

    A team of three Vinson & Elkins LLP attorneys specializing in real estate development and transactions have recently moved their practices to Fried Frank Harris Shriver & Jacobson LLP, the firm said Tuesday.

  • January 13, 2026

    X-Caliber Closes $182M Loan For Utah Ski Community Project

    Commercial real estate financier X-Caliber Capital Holdings LLC wrapped up a $182.2 million construction loan deal for a developer's 50-unit luxury Park City, Utah, ski community project, it announced Monday.

  • January 13, 2026

    NYC Real Estate Week In Review

    Adler & Stachenfeld and Seyfarth Shaw are among the law firms that scored counsel work on the largest real estate deeds that hit New York City public records last week, with an $85 million Queens deal leading the way.

  • January 13, 2026

    2 Firms Guide IPO Valuing Construction Rental Co. At $6.4B

    Columbia, Missouri-based construction equipment rental company EquipmentShare on Tuesday said it was seeking a valuation of up to $6.4 billion in an upcoming initial public offering guided by Davis Polk & Wardwell LLP and Latham & Watkins LLP.

  • January 13, 2026

    Simpson Thacher, JZ Legal Guide $105M Brooklyn Resi Buy

    The Carlyle Group and Z+G Property Group acquired a New York City multifamily property in a $105 million deal from a joint venture between Joyland Management, Meral Property Group and The Loketch Group that was advised by Simpson Thacher & Bartlett LLP and JZ Legal. 

  • January 13, 2026

    Sullivan & Cromwell Advises $465M San Diego CMBS Loan

    Life science real estate developer Breakthrough Properties said it has finalized $465 million in commercial mortgage-backed securities financing for a 10-acre life science campus in San Diego, with Sullivan & Cromwell LLP advising. 

  • January 12, 2026

    Scented Products TM Row Ends In Trial Lunchtime Settlement

    Luxury scented products company Aroma360 LLC agreed Monday to settle its trademark infringement claims against competitor Scentiment LLC, in a deal negotiated right after the parties finished presenting their opening statements to a jury.

  • January 12, 2026

    REITs Say Shareholders' Retooled Liquidation Suit Still Fails

    A group of retail-focused real estate investment trusts urged a New Jersey federal court to toss an amended shareholder class action that accuses them of misleading shareholders into approving charter amendments that stopped the planned liquidation of the REITs, arguing that the amended suit repeats claims that were previously tossed.

  • January 12, 2026

    Adviser Claims REIT Stiffed It Over $2.1B Take-Private Deal

    An advising firm has sued Plymouth Industrial REIT Inc. in Massachusetts state court, claiming the real estate investment trust is dodging its obligation to pay the adviser for helping the firm land a $2.1 billion acquisition offer.

  • January 12, 2026

    Real Estate Firm Closes Latest Investment Fund At Over $1B

    Chicago-based investment firm Singerman Real Estate said Monday that it has closed its latest investment fund at more than $1 billion.

  • January 12, 2026

    Data Center Tenants Take On More Risk In $3 Trillion Market

    Hyperscaler tenants are shouldering more construction risks than ever before in the digital infrastructure sector, a market Moody's Ratings forecasts will grow to $3 trillion in investment over the next five years, according to a Monday report.

  • January 12, 2026

    NH Bill Would Let Towns Tax Land, Buildings Separately

    New Hampshire would allow cities and towns to adopt a property tax system that applies different rates to the value of land and the value of buildings under a bill introduced in the state House.

  • January 12, 2026

    NYC Must Face Claims It Wrongly Halted Chelsea Hotel Reno

    A New York federal judge on Monday rejected New York City's bid for a quick win against a $100 million suit that accuses the city of wrongfully stopping renovations for the Hotel Chelsea after changing the building's classification.

  • January 12, 2026

    Split 11th Circ. Rules Petition Doesn't Apply To 'Cop City' Law

    A split Eleventh Circuit has vacated a lower court injunction halting Atlanta's requirement that only city residents can collect signatures seeking to repeal ordinances, ruling that the referendum petition process can't be used to do away with a local law authorizing a lease for a police training facility dubbed "Cop City."

  • January 12, 2026

    Md. Bill Seeks Tax Credits For Service Station Conversions

    Maryland counties or municipal corporations would be allowed to grant property tax credits for service stations that are converted to other uses under a bill introduced in the state Senate.

  • January 12, 2026

    2 Firms Advise On $450M La. Alumina Production Investment

    Under a partnership with the U.S. Department of Defense, Atlantic Alumina Company said Monday it will invest $450 million into sustaining and increasing alumina production at a Louisiana facility, along with adding the country's first large-scale gallium production venture, in a deal advised by Linklaters LLP and Paul Weiss Rifkind Wharton & Garrison LLP.

  • January 12, 2026

    Calif. City Claims Void Development Deal In SoFi Owner's Suit

    The city of Inglewood asked a California state court to dismiss real estate magnate Stan Kroenke's claim that he's owed $376 million in support costs on SoFi Stadium, arguing that a decade-old development agreement is void based on a state appeals court decision.

  • January 12, 2026

    KKR Real Estate General Counsel To Step Down

    KKR has announced that the company's managing director and general counsel of real estate intends to resign following a transition period, according to a securities filing from a KKR real estate investment trust.

  • January 12, 2026

    JPMorgan Displaces Wells Fargo Atop Construction Debt Ranks

    Ten U.S. banks held $5 billion or more in construction debt on the books as of the end of 2025's third quarter, with several banks trimming that figure from a quarter earlier and Wells Fargo and JPMorgan Chase swapping spots at the top.

Expert Analysis

  • How Developers Can Harness New Texas Zoning Framework

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    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.

  • What To Know About NY's Drastic 3rd-Party Practice Changes

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    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.

  • Expect A New Normal In Commercial Real Estate This Year

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    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.

  • For Data Centers, Both Hyperscale And Edge Are Key In 2026

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    Recent trends in development of data centers highlight the importance of proactive attention to the zoning, permitting, interconnection and contractual issues associated with both hyperscale and edge facilities, in order to position projects for responsible growth in 2026 and protect their long-term value amid rapid technological and regulatory change, say attorneys at Sidley.

  • 5 Lender Strategies When A Commercial Borrower Defaults

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    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.

  • How Workforce, Tech Will Affect 2026 Construction Landscape

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    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.

  • Receivership Law May Streamline Real Estate Sales In Illinois

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    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.

  • How Choice Of Law Won The Day In NC Biz Court COVID Case

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    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.

  • The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations

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    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.

  • California Vapor Intrusion Policy Should Focus On Site Risks

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    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.

  • What To Watch As NY LLC Transparency Act Is Stuck In Limbo

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    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.

  • Power Market Reforms Push Data Center Lease Rates Higher

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    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.

  • Courts Stay Consistent In 'Period Of Restoration' Rulings

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    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.