Commercial

  • July 09, 2026

    NYC Settles Extra Space Suit Ahead Of Licensing Rollout

    New York City said Thursday it has settled its suit accusing Extra Space Storage Inc. of predatory business practices for more than $1.7 million, resolving its claims before the city's new self-storage licensing program takes effect Aug. 25

  • July 09, 2026

    Simpson Thacher-Anchored Office Tower In NY Wins $352M Refi

    Vanbarton Group has landed $352 million in refinancing for a 31-story, Class A office tower in Midtown Manhattan that has long served as Simpson Thacher LLP's headquarters, broker JLL said in a Thursday news release.

  • July 09, 2026

    NJ Looks To Renew RealPage Antitrust Claims Against REIT

    New Jersey has asked the state's federal court to allow it to file an amended complaint that fixes the pleading issues in its suit accusing multifamily real estate investment trust AvalonBay Communities Inc. of using RealPage Inc.'s revenue management software in a residential rent price-fixing scheme. 

  • July 09, 2026

    Calif. Extends Full Cash Value Assumption For Pipeline Strips

    California extended a method for valuing intercounty pipeline rights-of-way that assumes full cash value if certain conditions are met under a bill signed by Gov. Gavin Newsom.

  • July 09, 2026

    Workers Drop WARN Act Suit To Join Related Colo. Case

    Two former employees dropped a proposed class action accusing a recently shuttered commercial facility services company of failing to warn workers before mass layoffs and facility closures, with the case expected to be consolidated with a related Colorado federal suit.

  • July 09, 2026

    Prologis Pushes Segro For Talks On £12.6B Takeover Bid

    Real estate investment trust Prologis Inc. has ramped up pressure on the board of Segro PLC to engage in talks for a £12.6 billion ($16.9 billion) takeover, telling shareholders in the British company on Thursday that the deal would give them access to a superior data center platform.

  • July 08, 2026

    These Firms Guided First Half's Top Hospitality M&A Deals

    Weil, Mayer Brown and Paul Weiss are among the law firms that landed work on the largest hospitality mergers and acquisitions of the year's first half, a period that saw seven transactions north of $1 billion. 

  • July 08, 2026

    Calif. Ex-Social Worker Helps 2 Sides Of NYC Real Estate Deal

    A $31 million Manhattan commercial property transaction is nothing out of the ordinary. A handful of such deals — give or take $10 million — typically hit public records each week. But in the case of 38 W. 21st St., a trade in the Flatiron District that became public last week, there are seemingly more questions than answers.

  • July 08, 2026

    Minn. Tax Court Weighs Tower Sale Prices In Value Dispute

    The Minnesota Tax Court will consider recent purchase prices for the Wells Fargo Center in Minneapolis, along with a discounted cash flow analysis, in a hundred-million-dollar tax valuation dispute over the office tower.

  • July 08, 2026

    3 Firms Guide MasTec's $1.7B Acquisition Of Superior Group

    MasTec, a Coral Gables, Florida-based engineering and construction company, said it has reached a deal to buy The Superior Group, an Ohio-based, data center infrastructure-focused electrical contractor, for $1.7 billion.

  • July 08, 2026

    NJ Office Buildings Finding Second Life As Housing, JLL Says

    More and more "outdated" and "underutilized" New Jersey office properties are being converted into affordable housing and other developments due to quotas and shifting market demands, according to a report from brokerage firm Jones Lang LaSalle Inc.

  • July 08, 2026

    NYC Real Estate Week In Review

    King & Spalding LLP picked up work on the two largest New York City real estate deals that hit public records last week, a busy period that saw 14 trades above $20 million become public, despite the observance of Independence Day on Friday.

  • July 08, 2026

    Broadstone Injects $303M Into Colorado Industrial Project

    Broadstone Net Lease has contributed $303 million to a joint venture to build and lease out a 112,000-square-foot industrial facility in Colorado, the real estate investment trust announced Wednesday.

  • July 08, 2026

    PGIM Gets $98M For South Fla. Office Portfolio

    A trio of companies has purchased a three-property, 365,000-square-foot South Florida office portfolio from PGIM for $97.8 million and plans to spend more than $30 million on renovations.

  • July 08, 2026

    What They're Saying About Fla. Real Estate At 2026's Midpoint

    Florida has experienced its share of real estate boom and bust cycles over the years, but while the first half of 2026 fell short of the recent past, attorneys and other industry experts say the state appears poised to buck that pattern, and that more growth lies ahead.

  • July 07, 2026

    X Corp. Fights $8M Award Over Boulder Office Rent Credit

    Colorado appellate judges on Tuesday tested the limits of competing interpretations by X Corp. and its former landlord regarding a contract provision governing almost $5.8 million in rent credits the social media company says it's owed, weighing X's bid to undo an $8.2 million judgment in a rent dispute.

  • July 07, 2026

    Unstable Ex-Pfizer Office Spurs Evacuations In Manhattan

    The reported instability of pharmaceutical giant Pfizer's former New York City office headquarters, which is undergoing a conversion into residential units, led to the evacuations of multiple nearby buildings in Midtown Manhattan Tuesday.

  • July 07, 2026

    HSF Kramer Advises On $515M Rithm Capital NYC Office Refi

    Herbert Smith Freehills Kramer LLP-advised Rithm Capital has landed a $515 million financing package for a Midtown Manhattan office tower, marking the first debt transaction on a portfolio it purchased from real estate investment trust Paramount Group in September, broker Newmark said Tuesday.

  • July 07, 2026

    5th Circ. Backs Saltgrass In Texas Restaurant Land Row

    The Fifth Circuit backed steakhouse chain Saltgrass Inc.'s quick win in a property contract dispute that involved the planned demolition of a former Joe's Crab Shack restaurant in Humble, Texas, ruling that the demolition contractually requires Saltgrass' permission.

  • July 07, 2026

    Stikeman-led Axia Offers CA$1.23B For Plaza Retail REIT

    Canadian real estate investment firm Axia Real Assets said Tuesday it has taken its roughly CA$1.23 billion ($866.6 million) bid for Plaza Retail REIT public after saying the REIT's board failed to engage with its proposal.

  • July 07, 2026

    Polsinelli Real Estate Finance Atty Rejoins K&L Gates In SC

    A Polsinelli PC shareholder who worked at K&L Gates LLP early in his career has returned to the firm as a finance partner in Charleston, South Carolina.

  • July 07, 2026

    Butler Snow Relocates To $220M Ala. Mixed-Use Development

    Butler Snow LLP said it has inked a lease for an office space at a $220 million mixed-use development underway in Huntsville, Alabama.

  • July 07, 2026

    Kirkland Hires Ropes & Gray Real Estate Partner

    Kirkland & Ellis LLP said Tuesday it has hired a real estate partner who joins from Ropes & Gray LLP, continuing its real estate hiring spree.

  • July 06, 2026

    Window Co. Wins $42.4M In W Hotel Mechanic's Lien Case

    A company that provides exteriors for commercial buildings has been awarded $42.4 million for unpaid work and other costs in a lawsuit stemming from a Philadelphia Marriott construction project against a contractor already hit with a $174.6 million judgment over construction delays and defects.

  • July 06, 2026

    Atlanta's Ex-CNN Center Lands $56.4M C-PACE Loan For Redo

    Commercial real estate-focused investment manager Peachtree Group said it has originated $56.4 million in commercial property assessed clean energy financing for the redevelopment of downtown Atlanta's former CNN Center, which was previously the headquarters for the cable news station.

Expert Analysis

  • New Colo. Retainage Bonds Shift Construction Power Balance

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    A new Colorado law that can force property owners and developers to accept bonds from contractors in lieu of traditional cash retainage means owners’ practical leverage now derives from administering a risk-transfer mechanism, not from controlling cash, but key questions remain about who may assert a claim and how enforcing a bond actually works, say attorneys at Akerman.

  • 8 Ways 2026's Market Divide Is Rewriting Real Estate Risk

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    As construction activity increasingly concentrates in data centers, healthcare and other resilient sectors, real estate developers and their counsel in the second half of 2026 should consider earlier risk allocation and more protective contract terms, and expect greater pressure on labor, pricing and infrastructure, say attorneys at Cozen O'Connor.

  • How Reserve Studies Fit Into Condo Association Compliance

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    In the five years since the Surfside condominium collapse and as states like New Jersey establish related safety mandates, reserve planning has emerged as a central compliance concern for community associations, acting as a practical tool for responsible disclosure and managing long-term capital obligations, say attorneys at Dilworth Paxson.

  • Mapping US-China Investment Compliance For EB-5 Deals

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    Chinese capital deployment through the U.S.'s EB-5 Immigrant Investor Program, alongside China's recently established outbound investment security framework, creates compliance gaps with the U.S. framework, and unique risks and considerations for practitioners, says Xuan Zhang at Reid & Wise.

  • How Tenants Can Guard Against Unpaid Build-Out Allowances

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    As market pressures on landlords intensify liquidity problems and reimbursement disputes, commercial tenants negotiating office leases should proactively address the risk of delayed or unpaid construction allowances by implementing strategies including escrow protections, letters of credit, guaranties and offset rights, say attorneys at White & Williams.

  • Texas Ruling Leaves Key Oil Royalty Question Unresolved

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    The Texas Supreme Court's recent decision in Fasken Oil and Ranch v. Puig clarifies that royalty reservations containing “free of cost forever” language do not bar deduction of post-production costs — but it leaves open whether prices producers report to royalty owners should reflect what unaffiliated buyers would pay, says Robert Foss at Hinds Feat Advisors.

  • Justices Widen Path For Confiscated Cuban Property Claims

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    For Americans holding claims to confiscated Cuban property, the U.S. Supreme Court’s recent decision in Havana Docks v. Royal Caribbean Cruises means that the expiration of their property interest is no longer a bar and that any company using such property is now a potential defendant, say attorneys at Bracewell.

  • 'Operation Hard Money' Marks New Phase In Synthetic ID Fraud

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    A recent California mortgage fraud case dubbed "Operation Hard Money" shows synthetic identities are increasingly key to mortgage and money laundering schemes, so lenders would be wise to integrate verification and behavioral monitoring as fraud powered by artificial intelligence creates larger losses and recovery challenges, says Neal Levin at Rimon.

  • Texas Ruling Makes Avoiding Appraisal Nearly Impossible

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    By deciding that a coverage dispute doesn't nullify an appraisal clause, the Texas Supreme Court, in its recent Ace American Insurance ruling, makes appraisal nearly unavoidable in state personal auto and residential property disputes, says David Winter at Norton Rose.

  • Data Center Developer Lessons From Maine's Vetoed Ban

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    The regulatory and political dynamics that recently led Maine’s governor to veto a popular bipartisan bill proposing a temporary data center development ban offer a useful template that developers can use to help their projects survive other states' attempts at moratoriums, say attorneys at Thompson Hine.

  • Legal Risks Rise As Construction-Site Drone Use Soars

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    Construction companies using drones face mounting legal risks as Federal Aviation Administration compliance requirements tighten, remote identification capabilities expand and proposed rules move toward organizational accountability, making it crucial to update contracts, schedules, safety protocols and data-governance practices now to avoid future liability, say attorneys at Cozen.

  • Assessing Material Adverse Event Clauses Amid Iran Conflict

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    As deals signed before the current Middle East conflict come under pressure, determinations over material adverse effect clauses are arising in real time, and whether an MAE has been wrongfully invoked may be as consequential as whether it was validly established in the first place, say Amran Nawaz and Ralph Stobwasser at Secretariat.

  • AI Data Center Boom May Spur Wave Of Toxic Tort Suits

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    Nascent litigation matters against data center operators, set against limited government regulation and a growing body of public health research, suggests we may be on the cusp of an era of mass toxic tort claims, with a liability framework firmly rooted in precedent from other industries, says Benjamin Heller at RFZ Law.