Commercial
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March 03, 2026
Realty Income On The Hunt For New CLO
Realty Income Corp. announced that its chief legal officer and general counsel will be stepping down in September after five years at the helm, and the real estate investment trust will undertake a search for a new CLO.
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March 03, 2026
Tenn. Lawmakers OK Expanding Assessment Division's Duties
Tennessee would expand the duties of the state comptroller's office's division of property assessments under a bill approved by state lawmakers and headed to the governor.
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March 03, 2026
Kirkland Advises $3.8B Turnkey Nevada Data Center Build
Kirkland & Ellis LLP advised data center developer Tract Capital on a 230-megawatt turnkey data center in Nevada financed with a $3.8 billion offering.
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March 02, 2026
Ex-Atty Kossoff Axed From Bankruptcy Case Amid Appeal
A New York bankruptcy judge determined he has jurisdiction over litigation stemming from the collapse of real estate law firm Kossoff PLLC after its principal stole $14 million from its clients, finding the firm's founder may be dismissed as a defendant because the now imprisoned, disbarred lawyer "appears to be judgment-proof."
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March 02, 2026
Saks, Simon Properties Argue Fate Of Store Leases
Retail landlord Simon Properties and luxury retailer Saks Global on Monday wrangled over the wording of a 2024 investment agreement as they asked a Texas bankruptcy judge to determine the fate of the leases of two Saks locations.
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March 02, 2026
SL Green, Sutton Sell Madison Avenue Retail Site For $55M
Office landlord SL Green Realty Corp. said Monday that its joint venture with Jeff Sutton's Wharton Properties has sold a five-story building on Manhattan's Upper East Side leased to a luxury jewelry company for $54.5 million.
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March 02, 2026
No Plans For Detention Center In Ore. City, DHS Tells Court
The U.S. Department of Homeland Security and U.S. Immigration and Customs Enforcement have urged a Washington federal court to dismiss two suits challenging alleged plans to build an immigrant detention facility in Newport, Oregon, arguing that it has no such plans.
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March 02, 2026
SP Legal Guides TKF Burnside's NY Office Property Buy
TKF Burnside Real Estate Partners, guided by SP Legal Advisors PLLC, purchased a 400,000 rentable square-foot office building in White Plains, New York, whose tenants include Skadden Arps Slate Meagher & Flom LLP and Heineken USA.
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March 02, 2026
Nixon Peabody Reps Senior Living Project's $633M Financing
RiverSpring Living, the owner of a senior living campus in The Bronx in New York City, said it has obtained $633 million in financing to build a continuing care retirement community from Ziegler, with help from Nixon Peabody LLP.
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March 02, 2026
Skadden-Led Energy Co. AES Agrees To $10.7B Buyout
AES Corp., guided by Skadden Arps Slate Meagher & Flom LLP, said Monday that it has agreed to be acquired by a consortium of infrastructure investors led by Blackrock's Global Infrastructure Partners and EQT Infrastructure VI in a deal with a $10.7 billion equity value and a $33.4 billion enterprise value.
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March 02, 2026
Fla. REIT Blames Ponzi Probe, Lawsuits In Ch. 11 Filing
A real estate investment trust accused last year by Florida authorities of being a Ponzi scheme has filed for federal bankruptcy protection, claiming the state probe, a racketeering lawsuit from a talk show host and a U.S. Securities and Exchange Commission action tarnished its reputation.
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March 02, 2026
Reed Smith-Led Dwight Buys $500M Senior Housing Loans
Dwight Capital, advised by Reed Smith LLP, has bought a portfolio of loans backed by senior housing and healthcare property with a total unpaid balance of $500 million for an undisclosed price from Midland States Bank, according to a Monday announcement.
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March 02, 2026
Mass. Board OKs LLC's Property Tax Exemption
A Massachusetts limited liability company is eligible for a manufacturing property tax exemption despite a local assessor's contention that the exemption applied only to certain entities, the state Appellate Tax Board said in rulings released Monday.
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March 02, 2026
NY Pushes Bid To Nix RealPage's Suit Over Rental Pricing Law
The Office of the New York State Attorney General once again has urged a New York federal court to dismiss a free speech suit filed by property management software company RealPage Inc., which is challenging a state law that prohibits landlords from using software that makes recommendations for things such as rents and occupancy levels.
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March 02, 2026
Minn. Tax Court Erred In Valuing Hotel, Minn. Justices Told
The Minnesota Tax Court improperly lowered the value of a Minneapolis hotel and convention center and should not have disregarded the minimum assessment agreement that existed between the county and the property owner, the county told the Minnesota Supreme Court.
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March 02, 2026
Univ. Aims To Pull Montgomery McCracken Into Property Suit
Rider University is seeking permission to add Montgomery McCracken Walker & Rhoads LLP as a defendant to an ongoing legal malpractice lawsuit in New Jersey state court stemming from a dispute over the school's ownership of a $42 million property.
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March 02, 2026
Mass. Board Raises, Lowers Boston Building Tax Values
A Massachusetts board trimmed the valuation of a Boston office building for one tax year while boosting it for two others in a decision released Monday, rejecting larger changes sought by the parties.
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March 02, 2026
Attorney, Law Firm Seek Exit From EB-5 Fraud Suit
An attorney and his law firm urged a Florida federal judge to throw out fraud claims a proposed class of EB-5 investors lodged against them over what they called a sham real estate development in Orlando, Florida.
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March 02, 2026
Construction Spending Fell To End 2025, Census Data Shows
Total U.S. construction spending fell 1.4% on an annual basis to end 2025, according to U.S. Census Bureau figures, with nonresidential construction seeing a decline across most categories in December.
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February 27, 2026
REIT Execs Hurt Investors With Dividend 'Reset,' Suit Says
Real estate investment trust Franklin BSP Realty Trust Inc. is facing a proposed investor class action in New York federal court alleging it concealed the possibility that it would cut its quarterly dividend payouts, hurting investors when it announced a dividend "reset" and its share price subsequently fell.
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February 27, 2026
Fla. Large-Acre Deals Slowed In 2025, Broker Report Says
The number of large-acreage land purchases in Florida slowed last year after a rush of such activity in 2024 to convert big agricultural plots into residential, solar or other developments, commercial brokerage Saunders Real Estate said Friday.
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February 27, 2026
Acquisitions Bolster Texas Data Center Campus Project
Data center developer New Era Energy & Digital Inc. has announced it is in the process of securing more than 50 additional acres as well as 450 megawatts of on-site power at a data center campus under development in Ector County, Texas.
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February 27, 2026
Bristol-Myers Campus Sale Suit Sent Back To NJ
A dispute over the sale of a 433-acre Bristol-Myers Squibb Co. research campus was sent back to state court after a New Jersey federal judge held that the addition of a "diversity-destroying" plaintiff was not out of bounds.
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February 27, 2026
Casino REITs Talk IGaming, NYC Casinos, Sports Real Estate
Two major casino real estate investment trusts reported earnings and held calls with analysts this week to discuss opportunities to finance casino development in New York City, the risks of iGaming legislation, and opportunities in sectors other than their main focus, casinos.
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February 27, 2026
Ala. Lawmakers OK Boosted Tourism Project Tax Break Cap
Alabama would increase caps on tax rebates available to companies that operate qualifying tourism projects in the state under a bill approved by the state Legislature and sent to the governor.
Expert Analysis
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CRE Challenges Demand New Lease And Development Plans
As developers and landlords face declining occupancy of commercial, industrial and office space post-pandemic, a combination of business and lease considerations may better position stakeholders to protect the value and profitability of their commercial real estate, says Geoffrey Leskie at Segal McCambridge.
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Ch. 11 Free-And-Clear Sale Ruling Takes Pragmatic Approach
A recent ruling from a New York bankruptcy court in which the debtors were allowed to sell interests free and clear regardless of a lienholder's objection signals a practical approach and a recalibration of the balance between debtor flexibility and creditor protections, say attorneys at Eversheds Sutherland.
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What's At Stake As 9th Circ. Eyes Cultural Resource Damages
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.
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5 Insurance Types For Mitigating Tariff-Related Trade Losses
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.
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Avoiding Pitfalls Around New Calif. Commercial Lease Law
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.
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Measuring And Mitigating Harm From Discriminatory Taxes
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.
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Addressing Tariff Price Escalation In Construction Contracts
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.
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How The CRE Industry Is Adapting To Tariff Uncertainty
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.
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Reconciling 2 Smoke Coverage Cases From California
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.
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Contractor Remedies Amid Overhaul Of Federal Spending
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.
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Contract Disputes Recap: Terminations Galore
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.
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Making The Opportunity Zones Program Great At Last
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.
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Investor Essentials For Buying Federally Owned Property
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.