Commercial

  • December 23, 2025

    NFL's Chiefs Moving To $3B Stadium In Kansas

    The Kansas City Chiefs are leaving their longtime home in Missouri to play in a new, $3 billion stadium in Kansas City, Kansas, that state's governor and the NFL team announced.

  • December 23, 2025

    Hudson Hotel Debtors Seek To Recast 'Ground Lease'

    The developers behind the former Hudson Hotel in Manhattan have asked a Delaware bankruptcy judge to recharacterize a long-term "ground lease" tied to the property as a disguised financing arrangement, arguing the structure functions economically as a high-cost loan rather than a true lease and should not receive favorable treatment under the Bankruptcy Code.

  • December 23, 2025

    Razzoo's $18M Ch. 11 Sale OK'd, With 11 Sites To Stay Open

    A Texas bankruptcy judge approved the $18 million sale of Cajun chain Razzoo's Inc.'s assets to a subsidiary of a Dallas-based restaurant developer, which plans to keep operating 11 of Razzoo's 20 remaining locations.

  • December 23, 2025

    Milbank Hires Digital Infrastructure, Energy Partner In NY

    Milbank LLP has bolstered its New York office with the hire of a partner from Paul Hastings LLP with experience in the digital infrastructure and energy sectors, both in the U.S. and Latin America.

  • December 23, 2025

    Ashford Promotes One Of Its Longtime Attys For GC Spot

    Ashford Inc. has promoted a veteran in-house attorney to be the Executive Vice President, General Counsel and Secretary of itself and two hotel-focused real estate investment trusts Braemar Hotels & Resorts Inc. and Ashford Hospitality Trust Inc., the alternative asset management company announced.

  • December 23, 2025

    Partnership Targets $9.4B Data Center Spend In Europe

    The Canada Pension Plan Investment Board and Australia-based infrastructure firm Goodman Group said they have struck a deal to develop data centers in Europe, beginning with a $2.6 billion plan to build projects in Amsterdam, Paris and Frankfurt.

  • December 23, 2025

    Paul Hastings Guides Mavik's $685M Real Estate Fundraise

    Credit-focused investment firm Mavik, advised by Paul Hastings LLP, said Tuesday it has closed its second real estate fund focused on special situations and overlooked assets at $685 million, surpassing the vehicle's target.

  • December 22, 2025

    Insurer Owes $8.9M For Storm Damage, Property Owners Say

    An insurer owes an additional $8.9 million for wind and hail damage to an Indiana apartment complex, the property owners told a federal court Monday, saying the carrier has wrongfully limited coverage to approximately $785,000.

  • December 22, 2025

    4 Real Estate Sectors To Watch In 2026

    Real estate attorneys are expecting trends that surfaced this year to continue and strengthen in 2026, and are keeping a close eye on a few sectors, including data centers and sports real estate development.

  • December 22, 2025

    Sallie Mae Investor Sues Over Late Student Loan Payments

    Sallie Mae is facing a possible class action in New Jersey that accuses the company and its top executives of committing securities fraud by underselling an increase in student loan delinquencies.

  • December 22, 2025

    3 Firms Guide Kering's $450M NYC Mortgage Loan Deal

    An entity connected to Kering Americas Inc. borrowed a $450 million mortgage loan that uses a downtown Manhattan commercial property as collateral, in a deal guided by Ropes & Gray LLP, White & Case LLP and Arnold & Porter Kaye Scholer LLP, according to official property records filed Monday.

  • December 22, 2025

    Cleary, Orrick Guide Alphabet's $4.75B Data Center Biz Buy

    Alphabet Inc. has agreed to pay $4.75 billion to buy Intersect Power, a data center infrastructure developer the Google owner has partnered with for about a year, in a deal advised by Cleary Gottlieb Steen & Hamilton LLP and Orrick Herrington & Sutcliffe LLP, the companies said Monday.

  • December 22, 2025

    Downtown NYC Office-To-Resi Project Lands $867M Financing

    A 30-story, office-to-residential conversion project in Lower Manhattan's Financial District, the largest of its kind, has secured an $867 million financing package from an array of lenders, borrower-side broker Walker & Dunlop announced Monday.

  • December 22, 2025

    Physicist Takes No-Jail Deal To End 'Buffalo Billion' Saga

    A New York physicist who over a decade ago allegedly defrauded the Empire State's "Buffalo Billion" development initiative while serving as president of SUNY Polytechnic Institute copped to a conspiracy count Monday in another step toward closing a case that wound its way up to the U.S. Supreme Court.

  • December 19, 2025

    Hogan Lovells Guides Scholastic's $481M Leaseback Deals

    Publisher Scholastic Corp. announced it has completed sale-leasebacks for its New York City headquarters as well as its largest distribution facility, noting the two deals generated $481 million in total proceeds.

  • December 19, 2025

    Agent Sues Over $1.6M Ex-Hudson Hotel Ch. 11 Escrow Tussle

    The escrow agent holding $1.6 million related to the developer of the former Hudson Hotel near Manhattan's Columbus Circle has sued the debtor in Delaware bankruptcy court in an effort to resolve conflicting instructions on what to do with the funds. 

  • December 19, 2025

    Judge Lets White House Ballroom Project Continue For Now

    A D.C. federal judge gave President Donald Trump the green light to continue his East Wing ballroom plans, finding that the National Trust For Historic Preservation had not shown a "clear and present" reason to grant a temporary restraining order.

  • December 19, 2025

    Taxation With Representation: Baker Botts, Morgan Lewis

    In this week's Taxation With Representation, Trump Media and Technology Group merges with fusion power company TAE Technologies, pharmaceutical company Cencora boosts its stake in cancer care company OneOncology, and Phoenix Financial partners with private equity giant Blackstone to plug billions into various credit strategies.

  • December 19, 2025

    Real Estate Law Firm Expands In Georgia With Athens Office

    The real estate law firm Goggans Stutzman Hudson Wilson & Mize LLP announced that it has opened a new office in Athens, Georgia, to be led by a partner with more than 25 years of experience in commercial and residential real estate matters.

  • December 18, 2025

    $10B Verdict Hinges On Witness Order, Katyal Tells Panel

    Milbank's Neal Katyal urged a California state appellate panel to grant a new trial to a man who lost an estimated $10 billion verdict when a jury found he violated an oral agreement with his brothers over a real estate empire, saying the witness order violated a civil procedure rule.

  • December 18, 2025

    NY Regulators Back Dispensary Against Local Zoning

    The New York State Office of Cannabis Management is putting its weight behind a Long Island dispensary's bid seeking to invalidate a township's zoning ordinance requiring such businesses to secure special permissions before operating, saying the local regulations are preempted by state cannabis law.

  • December 18, 2025

    Judge Clears Path For Trump Library Land Transfer

    A Florida state judge on Thursday dissolved an injunction blocking the transfer of Miami-Dade College-owned land to the state for the Donald J. Trump Presidential Library and dismissed the suit challenging the transfer.

  • December 18, 2025

    Hilton's $70M Tax Value Cut Appealed To Minn. Supreme Court

    Drops in the tax valuations of a Hilton hotel and convention center in Minneapolis, including a $70 million cut during one year, were wrongly ordered by the Minnesota Tax Court, the local assessor said, urging the state Supreme Court to review the case.

  • December 18, 2025

    NFL's Bears Dangle Ind. Move As Ill. Stadium Plans Stall

    The Chicago Bears will consider locations for a proposed new stadium outside the city, including in Indiana, because Illinois lawmakers have not supported their plan for suburban Arlington Heights, team President Kevin Warren said.

  • December 18, 2025

    Latham, Debevoise Steer Howard Hughes' $2.1B Vantage Buy

    Texas-based Howard Hughes Holdings Inc., led by Latham & Watkins LLP, on Thursday announced plans to acquire private equity-backed specialty insurance and reinsurance company Vantage Group Holdings Ltd., advised by Debevoise & Plimpton LLP, in a $2.1 billion deal.

Expert Analysis

  • What's At Stake As 9th Circ. Eyes Cultural Resource Damages

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    In Pakootas v. Teck Cominco, the Ninth Circuit is faced with the long-unresolved question of whether cultural resource damages are recoverable as part of natural resource damages under the Superfund law — and the answer will have enormous implications for companies, natural resource trustees and Native American tribes, says Sarah Bell at Farella Braun.

  • 5 Insurance Types For Mitigating Tariff-Related Trade Losses

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    The potential for significant trade-related losses as a result of increased tariffs may cause companies to consider which of their insurance policies, including marine, builders risk, trade credit, and directors and officers, could provide coverage to alleviate the financial impact, say attorneys at Pillsbury.

  • Avoiding Pitfalls Around New Calif. Commercial Lease Law

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    A California law that became effective this year requires commercial landlords to extend certain protections previously afforded to residential tenancies, and a few key provisions of the law especially warrant reexamination of leasing and operational processes, say attorneys at Holland & Knight.

  • Measuring And Mitigating Harm From Discriminatory Taxes

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    In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.

  • Addressing Tariff Price Escalation In Construction Contracts

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    As construction projects across the U.S. face uncertainty surrounding material price increases driven by government-imposed tariffs, owners and developers should draft strong contracts to protect themselves from tariff-related cost overruns and delays, say attorneys at Akerman.

  • How The CRE Industry Is Adapting To Tariff Uncertainty

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    Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.

  • Reconciling 2 Smoke Coverage Cases From California

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    As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on insurance coverage, the February state appellate ruling denying coverage for property damage from smoke, ash and soot should be viewed as an outlier, say attorneys at Reed Smith.

  • Contractor Remedies Amid Overhaul Of Federal Spending

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    Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.

  • Contract Disputes Recap: Terminations Galore

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    Attorneys at Seyfarth examine three recent decisions in which the Civilian Board of Contract Appeals and the Armed Services Board of Contract Appeals provide valuable insights into contract terminations, modifications and the jurisdictional requirements for claims.

  • Making The Opportunity Zones Program Great At Last

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    As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.

  • Investor Essentials For Buying Federally Owned Property

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    Investors and developers can take advantage of the Trump administration's plan to sell government-owned real estate by becoming familiar with the process and eligible to bid, and should prepare to move quickly once the U.S. General Services Administration posts the list of properties for sale, say attorneys at Holland & Knight.

  • How 2025 Is Shaping The Future Of Bank Mergers So Far

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    Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.

  • Why NY May Want To Reconsider Its LLC Transparency Law

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    Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.