Commercial

  • February 18, 2026

    JV Buys 39-Acre Industrial Outdoor Portfolio In Phoenix

    Zenith Industrial Outdoor Storage said Wednesday it has acquired a 39-acre, 11-asset portfolio across the Phoenix, Arizona, metropolitan area, working with institutional investors advised by J.P. Morgan Asset Management.

  • February 18, 2026

    5 Firms Shape Kennedy Wilson's $1.65B Take-Private Deal

    Real estate investment firm Kennedy Wilson has announced it agreed to be taken private by a consortium led by the company's CEO and Canadian insurance company Fairfax Holdings in an up to $1.65 billion deal advised by five law firms.

  • February 18, 2026

    SD Updates Fed. Conformity For Property, Bank, Sales Taxes

    South Dakota updated its conformity with the Internal Revenue Code for various property tax, bank franchise tax and sales tax statutes under a bill signed by the governor.

  • February 18, 2026

    Co. Buys Part Of Fla. Waterfront Complex, Plans Expansion

    A Florida company providing investment management and wellness services has purchased a portion of a Jupiter, Florida, waterfront complex where it has been based for more than 10 years.

  • February 18, 2026

    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.

  • February 18, 2026

    Palantir Moves HQ From Denver To Miami

    Palantir Technologies Inc., the artificial intelligence-powered data analytics firm, announced it has moved its headquarters to Miami, with its latest securities filings citing an address in a northern suburb of the city.

  • February 17, 2026

    Wash. Bank Ignored Ponzi Scheme Warnings, Investors Say

    Investors have urged a Washington federal judge not to toss their suit accusing Columbia Bank of keeping a real estate investment firm's $230 million Ponzi scheme afloat by maintaining the enterprise's accounts even when evidence of fraud surfaced, arguing there is ample factual evidence showing that the bank knew about the scheme and assisted in it.

  • February 17, 2026

    Davis Polk Guides RXR's $407M NYC Office Tower Refi

    A joint venture controlled by RXR Realty LLC has secured a $407 million mortgage to refinance a 40-story, 1 million-square-foot Manhattan office tower that serves as the New York City headquarters of Davis Polk & Wardwell LLP, which advised the real estate company in the deal, the law firm announced Tuesday.

  • February 17, 2026

    NYC's Mamdani Pitches Property Tax Hike As Backup Plan

    New York City would hike property taxes by $3.7 billion to help close a $5.4 billion budget gap if state lawmakers don't permit the city to raise income taxes under a preliminary budget plan that Mayor Zohran Mamdani unveiled Tuesday.

  • February 17, 2026

    Saks Says Simon Didn't Terminate Two Leases Before Ch. 11

    Bankrupt luxury retailer Saks Global told a Texas court that two leased store locations can't be repossessed by landlord Simon Property Group because the leases were not properly terminated before the Chapter 11 filing and the automatic stay protects Saks Global's right to determine how to treat the leases that are property of its estate.

  • February 17, 2026

    CoStar Rival Urges High Court To Reject Antitrust Appeal

    A rival accusing CoStar of blocking competition for commercial real estate listing services is urging the U.S. Supreme Court not to review a ruling that revived the rival's counterclaims, saying that CoStar just disagrees with how the appeals court viewed the allegations.

  • February 17, 2026

    Minn. Justices Urged To Uphold Hilton Valuation Cuts

    A county assessor overvalued a Minneapolis Hilton hotel and convention center, the property owner told Minnesota's justices, urging the high court to uphold the state tax court's proper valuation.

  • February 17, 2026

    Kraft Heinz To Face Damages Bid In Factory Upgrade Row

    A Pennsylvania federal judge has ruled that Kraft Heinz Co. contributed to delays in a construction project at one of its facilities by rushing the contractor and frequently changing the plans, holding that Industrial Power Systems Inc. sufficiently showed that it suffered damages from the delays.

  • February 17, 2026

    NY Regulators, Cannabis Biz Challenge Town's Zoning Policy

    New York cannabis regulators and a licensed cannabis business have urged a state appellate court to find that the state's marijuana law preempts localities from enforcing more stringent location policies for marijuana stores than what is found in state law.

  • February 17, 2026

    Merger Materials Hid Portland Project Woes, Investors Say

    Defending against a dismissal motion, Broadmark Realty Capital shareholders are claiming proxy materials for a 2023 merger between Broadmark and Ready Capital failed to mention multifamily loan distress or cost overruns for a Portland, Oregon, project backed by a $460 million loan in Ready Capital's portfolio. 

  • February 17, 2026

    DC Judge Won't Halt Bidding Process For New Dulles Terminal

    A D.C. federal judge refused to stop the bidding process for a private luxury terminal at Washington Dulles International Airport, finding that a company in the running can't show that it was injured if the contract hasn't been awarded yet, undercutting its injunction request.

  • February 17, 2026

    Conn. To Join 48 States With New Property Cleanup Regime

    On March 1, Connecticut is set to become a little more like 48 other states when it sunsets a policy that long required mandatory pollution inspection on transfers of commercial and industrial properties.

  • February 17, 2026

    GrayRobinson Expands In Fla. With Four Litigators

    GrayRobinson PA announced Tuesday it expanded its Fort Myers, Florida, office with a seasoned group of litigators coming from the firm now known as Aloia Roland.

  • February 17, 2026

    4 Firms Guide Cos.' $1.9B PacifiCorp Assets Buy

    Portland General Electric Company and Manulife Investment Management have paid $1.9 billion to obtain electrical provider PacifiCorp's Washington state assets in a cash deal guided by Latham & Watkins LLP, Baker Botts LLP, Simpson Thacher & Bartlett LLP and Gibson Dunn & Crutcher LLP.

  • February 17, 2026

    Trump Family Invests In $1.5B Go-Public Merger For Drone Co.

    President Donald Trump's son, Eric Trump, is among a group of investors backing a $1.5 billion merger between Florida real estate company JFB Construction Holdings and Israeli drone-maker Xtend that would take the latter company public.

  • February 17, 2026

    US Trustee Says Office REIT's Ch. 11 Plan Can't Be OK'd

    A U.S. Trustee has objected to an office-focused real estate investment trust's proposed Ch. 11 reorganization plan in a Texas bankruptcy court, arguing that the plan wrongfully wants to release claims related to nondebtor third parties without express permission.

  • February 17, 2026

    Minn. House Bill Seeks Task Force On Property Tax Increases

    Minnesota would establish a task force to investigate the causes of property tax increases and improve local government transparency under legislation introduced Tuesday in the state House.

  • February 17, 2026

    AG Ends Pursuit Of RICO Case Against NJ Power Broker

    The New Jersey Attorney General's Office said Tuesday that it will not take its criminal racketeering case against South Jersey power broker George E. Norcross III to the state high court, effectively ending its prosecution of him and his associates.

  • February 17, 2026

    Latham Leads PE Infrastructure Firm Kinterra's $950M Fund

    Latham & Watkins LLP advised Kinterra Capital Corp., a Canadian private equity firm focused on critical materials and related infrastructure, on its Tuesday close of an oversubscribed $950 million fund.

  • February 13, 2026

    Duane Morris Adds Cross-Border Real Estate Pro In Dallas

    Duane Morris LLP announced that the firm has added a cross-border real estate pro from Bell Nunnally & Martin LLP to the firm's Dallas office, noting that the newest partner is licensed to practice in both Texas and Mexico.

Expert Analysis

  • 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.

  • The Emerging Issues Shaping Real Estate Project Insurance

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    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.

  • CFIUS Trends May Shift Under 'America First' Policy

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    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.

  • New Conn. Real Estate Laws Will Reshape Housing Landscape

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    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.