Commercial

  • August 05, 2026

    CoreCivic Continues ICE Sales Streak With $734M In Deals

    CoreCivic announced Wednesday that it has sold two detention facilities to U.S. Immigration and Customs Enforcement for a combined $734 million, adding to the company's recent run of deals with the federal government.

  • August 05, 2026

    Texas Governor Calls For Data Center Audit

    Texas Gov. Greg Abbott told the Public Utility Commission of Texas and the Electric Reliability Council of Texas to audit any data centers that are going through ERCOT's electric grid interconnection process, saying that an audit is needed because the demand from data centers seeking to connect to Texas' electric grid could overwhelm it.

  • August 05, 2026

    Summer Camps Draw $440M Through Bids, Sales In Ch. 11

    Bankrupt summer camp operator SIMAD Holdings stands to reap $440 million so far from the sale of 27 of its camps, including a $120.75 million winning bid for the "crown jewel" property in a wealthy New York City suburb.

  • August 05, 2026

    REITs Bullish On Senior Housing But Wary Of Labor Costs

    A trio of real estate investment trusts that reported quarterly earnings over the past week are bullish on the senior housing sector, although companies are also keeping an eye on the rising cost and availability of labor.

  • August 05, 2026

    Casino REITs Assess Operator Take-Privates And IGaming

    Executives at casino-focused real estate investment trusts VICI Properties and Gaming and Leisure Properties spoke to analysts about potential take-private deals for major casino operators and the impact of internet gaming and prediction markets on the casino sector, as they face significant ties to possible upcoming transactions.

  • August 05, 2026

    Cerberus, Yondr Get 40 Acres For Va. Hyperscale Data Center

    Alternative investment firm Cerberus Capital Management LP's affiliates and funds partnered with hyperscale data center company Yondr Group to acquire 40 acres of land in Manassas, Virginia, for their upcoming 72-megawatt hyperscale data center campus, the two companies jointly announced.

  • August 05, 2026

    Ball Janik Expands Tampa Office To Meet Client Demand

    Florida boutique Ball Janik LLP has moved its Tampa office to a space that is four times larger, a move that comes after the firm opened the location in late 2024.

  • August 05, 2026

    Rising Star: Akin's Hayden Harms

    Hayden Harms of Akin Gump Strauss Hauer & Feld LLP played a key role on the teams that advised Excelsior Energy Capital on deals supporting domestic clean energy infrastructure, including an agreement to acquire 2 gigawatts of photovoltaic modules, earning him a spot among the construction law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 05, 2026

    Rising Star: Clifford Chance's Jon Newman

    Jon Newman of Clifford Chance LLP has advised PIMCO as a purchaser in a $27 billion private securities offering to fund a data center in Louisiana and as a lender in a separate $16 billion deal to finance a data center in Michigan, scoring him a spot among the real estate law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 05, 2026

    Walker & Dunlop Lines Up $137M Brooklyn Multifamily Refi

    Walker & Dunlop Inc. has lined up a three-year, $137.5 million floating-rate loan that will refinance a mixed-use, 240-unit Brooklyn multifamily building that was completed in October, the commercial real estate financier announced.

  • August 04, 2026

    UMB Bank Suit Over Failed Hard Rock Hotel Headed To Trial

    UMB Bank NA's lawsuit over a failed $80 million development of a Hard Rock hotel and events center in Kansas is set to proceed to trial, with a federal judge holding that the suit asserts triable issues regarding whether some of the defendants shared a common purpose to defraud and to participate in a fraudulent enterprise. 

  • August 04, 2026

    JLL Sets Up $213M PGIM Loan For Industrial Portfolio

    JLL Capital Markets has secured a $213 million "cross-collateralized" loan, provided by global asset manager PGIM Real Estate, for an eight-property, 2.2 million-square-foot Class A industrial portfolio, the commercial real estate services company announced.

  • August 04, 2026

    Prologis REIT Prices $2.1B Stock Offering To Back Segro Buy

    San Francisco-based real estate investment trust Prologis on Tuesday priced a $2.1 billion public stock offering to support its recently accepted £14 billion ($18.8 billion) takeover offer of U.K. REIT Segro.

  • August 04, 2026

    Summer Camp Owner Can't Find Atty, Mulls Nixing Ch. 11

    One of the brothers behind the insolvent summer camp empire of SIMAD Holdings told the New Jersey bankruptcy court Tuesday his personal Chapter 11 case should be dismissed because he was so deep in debt that creditors stood to receive less than one cent on the dollar even if everything he owned was liquidated.

  • August 04, 2026

    Developer Sunk $10.5M Into Contaminated Land, NC Suit Says

    An environmental consulting company allegedly failed to warn a real estate developer that property in North Carolina was contaminated with dry-cleaning chemicals until after the developer sunk $10.5 million into trying to develop the land, according to a state Business Court lawsuit.

  • August 04, 2026

    Catalyst, Nuveen Form $400M Healthcare Real Estate Venture

    Catalyst Healthcare Real Estate and investment management firm Nuveen have linked up for a joint venture that will inject $400 million worth of equity into the medical property developer's pipeline of upcoming projects, the companies said Tuesday.

  • August 04, 2026

    Real Estate Lawyers On The Move

    Venable and BrownWinick are among the law firms that have made recent real estate or construction hires.

  • August 04, 2026

    Benesch Adds 20-Atty Team From Reed Smith, Opens In Miami

    Benesch Friedlander Coplan & Aronoff LLP has hired a 20-attorney real estate finance and structured finance team from Reed Smith LLP, supporting the launch of a new Miami office, bolstering its New York presence and establishing a structured-finance platform at the firm.

  • August 04, 2026

    ArentFox Schiff Enters Silicon Valley With 4 Reed Smith Attys

    ArentFox Schiff LLP announced Tuesday the launch of a Silicon Valley location, its third in California, which will be home base for a four-attorney trademark and brands team coming aboard from Reed Smith LLP.

  • August 04, 2026

    Nelson Mullins Adds Alston & Bird Finance Atty In Texas

    Nelson Mullins Riley & Scarborough LLP has brought on an Alston & Bird LLP partner in its Dallas office, bolstering the firm's expertise in commercial real estate finance and structured finance matters.

  • August 04, 2026

    2 Firms Guide $238M Times Square Office Buy

    Private equity real estate firm Sentry Realty paid more than $238 million to buy a Times Square commercial office building from L.H. Charney Associates Inc. in a deal guided by Fried Frank Harris Shriver & Jacobson LLP and Cole Schotz PC, according to documents filed with New York City's Department of Finance.

  • August 04, 2026

    REIT Segro Accepts £14B Linklaters-Backed Prologis Offer

    The board of U.K. REIT Segro said Tuesday it has agreed to a £14 billion ($18.8 billion) share offer from U.S. rival Prologis, with a partial cash alternative, in a deal that will list the enlarged group in London.

  • August 03, 2026

    Pot Investor Says Partners Diverted $1.1M In Grow Site Funds

    Three entrepreneurs face claims they misused $1.1 million in seed money meant to launch a Merced, California, cannabis cultivation facility, according to a lawsuit filed by an investor who says the grow site never materialized and the funds were diverted for personal use.

  • August 03, 2026

    Samsung Unit, Mousterian Ink US Floating Data Center Deal

    Shipbuilder Samsung Heavy Industries Co. Ltd. and Mousterian Corp. Inc. have signed an engineering agreement for their first moored U.S. floating data center project, the two companies announced Monday.

  • August 03, 2026

    Data Centers Spur Nonresidential Spending, Trade Group Says

    The number of data centers being built is partially responsible for a 0.1% increase in U.S. nonresidential construction spending in June, the trade group Associated Builders and Contractors, which analyzed U.S. Census Bureau data, announced Monday.

Expert Analysis

  • Webuild Ruling Complicates Arb. Award Enforcement In US

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    A Delaware federal court's recent decision in Sociedad Concesionaria Metropolitana de Salud v. Webuild, if read literally, could undercut the United States' image as a proarbitration jurisdiction by complicating creditors' efforts to enforce awards against property in this country, says Jeff Newton at Omni Bridgeway.

  • How To Avoid A Costly CPA Limitation Hidden In Most Leases

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    The lease audit rights clause is a seemingly innocuous provision in most commercial real estate leases that ends up costing tenants millions of dollars each year, as they have unwittingly agreed to retain only an accountant to investigate and settle financial issues, says Jason Aster at KBA Lease Services.

  • Navigating FEMA Grant Program For Slope Fixes After Storms

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    In the aftermath of Hurricanes Helene and Milton, it is critical for governments, businesses and individuals to understand the legal requirements of the Federal Emergency Management Agency's grant programs to obtain funding for crucial repairs — including restoration of damaged infrastructure caused by landslides and slope failures, says Charles Schexnaildre at Baker Donelson.

  • Smith's New Trump Indictment Is Case Study In Superseding

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    Special counsel Jack Smith’s recently revised Jan. 6 charges against former President Donald Trump provide lessons for prosecutors on how to effectively draft superseding indictments in order to buttress or streamline their case, as necessary, says Jessica Roth at Cardozo Law School.

  • Consider Best Legal Practices For Commissioning Public Art

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    Commissioning public art for real estate projects can provide many benefits to real estate developers and the public, but it's important to understand the unique legal and contracting aspects of the process to ensure that projects are completed on time and on budget, says Sarah Conley Odenkirk at ArtConverge.

  • Applying High Court's Domestic Corruption Rulings To FCPA

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    After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.

  • Climate Among Many Factors Driving Up RE Insurance Costs

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    A proactive approach to risk management may determine the viability of the U.S. commercial real estate sector as weather crises and other factors drive insurance costs higher, says Ulrick Matsunaga at Crosbie Gliner.

  • Bid Protest Spotlight: Debriefings, Timeliness, Documentation

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    ​James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.

  • A Look At Recent Case Law On Expedited Judgment In NY

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    A number of recent New York state court decisions clarify and refine the contours surrounding Civil Practice Law and Rule 3213, providing landlords, lenders and other payees guidance on how to seek accelerated judgment in certain litigation, says Alexander Lycoyannis at Holland & Knight.

  • Dealmaker Lessons From CFIUS' New Enforcement Webpage

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    The Committee on Foreign Investment in the United States’ recently launched webpage, which details the actions — and inactions — that led to enforcement activity, provides important insights for dealmakers about filing requirements, mitigation commitments and the cost of noncompliance, say attorneys at Dechert.

  • Reassessing Lease Provisions To Account For ESG Initiatives

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    As companies seek to build ESG considerations into their businesses, it's crucial to understand how such initiatives can quickly become significant enough to compel reassessment of lease agreement provisions, and how best to modify leases accordingly, say Julian Freeman and Gabe Pitassi at Cox Castle.

  • Avoid Getting Burned By Agencies' Solar Financing Spotlight

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    Recently coordinated reports and advisories from the U.S. Department of the Treasury, the Consumer Financial Protection Bureau and the Federal Trade Commission maximize the spotlight on the consumer solar financing market and highlight pitfalls for lenders to avoid in this burgeoning field, says Mercedes Tunstall at Cadwalader.

  • Co-Tenancy Clause Pointers For Shopping Center Landlords

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    Large retail tenants often require co-tenancy provisions in their leases, entitling them to remedies if a shopping center's occupancy drops in certain ways, but landlords must draft these provisions carefully to avoid giving tenants too much control, says Gary Glick at Cox Castle.