Premises Liability
Verified Update
Filed
Microsoft sued JLL, alleging it broke promises to defend and indemnify Microsoft and name it as an insured under JLL's $10 million liability policy after a forklift injury during an office build-out.
Microsoft sued JLL in Manhattan state court, alleging the real estate services firm broke its promise to defend and indemnify Microsoft against lawsuits arising from the build-out of its office at 122 Fifth Avenue and to name Microsoft as an insured under JLL's $10 million liability policy. The suit stems from a worker's personal-injury case over a March 2023 forklift accident during the build-out, to which Microsoft was added as a defendant in 2025.
Defense costs and indemnity; $10M liability policy at issue
Office
Why it matters: Construction-site injury suits in New York routinely sweep in owners and tenants under the Labor Law, so the real fight is often over who pays under indemnity and additional-insured provisions. This case shows a major office tenant turning on its own project manager over those terms, and JLL's defense that the injured worker was on a separate project retained by the building owner. Tenants, landlords and project managers should read it as a reminder to verify additional-insured endorsements are actually issued, not just promised, before work begins.
Oct 9, 2026
New York Supreme Court, New York County
Lending & Foreclosure
Verified Update
Settled
ACORE Capital took title to Salt Lake City's Industry SLC office campus after a $97.3 million loan default and is repositioning it as Foundry43 with Lincoln Property Company.
San Francisco lender ACORE Capital completed foreclosure on a defaulted $97.3 million loan against Industry SLC, a 230,000-square-foot adaptive-reuse office campus in Salt Lake City's Granary District, taking title by special warranty deed on March 9, 2026. ACORE has since partnered with Lincoln Property Company to reposition and expand the campus under a new name, Foundry43, with JLL leading leasing.
$97.3M loan default; $103.7M claimed owed in principal, interest and fees
Office
Why it matters: The case is a concluded, fully documented example of how a marquee adaptive-reuse project's construction-loan default actually resolves, from a specialized commercial court's complaint through a negotiated deed transfer to a lender-funded repositioning. It shows sophisticated CRE lenders increasingly choosing to take title and reinvest rather than force a contested auction sale when the underlying asset still has redevelopment upside.
Sep 24, 2026
Utah Business and Chancery Court
Lending & Foreclosure
Verified Update
Filed
A developer and 9 New York Ave LLC sued JLL for more than $12 million, alleging it inflated an NOI projection for a D.C. apartment tower to clear a lender covenant; the tower later sold for about $30.5 million.
Developer Rishi Bhatnagar and property owner 9 New York Ave LLC sued Jones Lang LaSalle Americas, Inc. in the Circuit Court of Cook County on August 21, alleging JLL fraudulently inflated its stabilized net operating income projection for a 14-story apartment tower at 9 New York Avenue NW in Washington, D.C. specifically to help the deal clear a construction lender's minimum debt-yield covenant. The complaint alleges JLL's $2,036,354 NOI figure implied a $50,997,681 valuation, but the property sold in April 2026 for only about $30.5 million, close to the developer's own original 2020 estimate, and seeks more than $12 million in damages. JLL points to a separate letter agreement it says limits any claims to a brokerage-fee dispute, which the plaintiffs contest.
$12M+ sought; alleged ~$20M shortfall between JLL's implied valuation and the property's April 2026 sale price
Why it matters: Tests whether a brokerage's borrower-side income projections, prepared to help a deal clear a lender's underwriting threshold, can expose the firm to fraud liability beyond an ordinary negligent-underwriting claim. Because construction and bridge lenders routinely rely on the sponsor's own broker to generate the NOI figures used to size a loan, the dispute is a cautionary marker for developers, lenders, and brokerages about projections that conveniently clear a covenant threshold and then substantially miss in practice.
Aug 21, 2026
Circuit Court of Cook County, Illinois
Commercial Lease Disputes
Verified Update
Filed
A commercial tenant's proposed class action claims CoStar was the hub of a rent price-fixing conspiracy, with CBRE, JLL, Cushman & Wakefield, Colliers and Newmark as spokes.
Commercial tenant FitFactariDC LLC filed a proposed class action alleging CoStar Group's lease-comparables platform served as the 'hub' of a Sherman Act price-fixing conspiracy, with CBRE, JLL, Cushman & Wakefield, Colliers, and Newmark as 'spokes' that traded non-public effective rents, concessions, and lease terms through the platform. The complaint claims each 1-point rise in CoStar's market share tracked a 0.3%-0.8% increase in rent per square foot across office, industrial, and retail leases from 2015-2025. An initial status hearing is set for August 19, 2026.
Putative nationwide class; 2015–2025 class period
Why it matters: Extends the RealPage-style hub-and-spoke theory from multifamily algorithmic pricing into commercial brokerage data-sharing, naming the industry's largest brokerages as defendants. If the theory survives a motion to dismiss, follow-on suits could sweep in landlords and owners whose brokers submitted lease data to CoStar, mirroring how RealPage litigation expanded to landlord-customers.
Jun 12, 2026
U.S. District Court, Northern District of Illinois
