Media Coverage
Source: New York Law Journal
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Meyer
10.10.25
Big Law real estate practices are seeing a surge in activity, as their clients commit to more acquisitions, leasing, development and finance deals related to AI data centers and office spaces.
James Rishwain, global head of real estate at Pillsbury, told the New York Law Journal that the firm’s real estate and energy teams have been working together on getting more centers built for their clients.
The lift in demand in real estate work is a change from earlier this year, when interest rates were higher. As interest rates continue to decline, law firm leaders expect demand growth in their real estate practices to continue.
On a broader scale, the recent increase in deals is also potentially a lingering market recovery from the COVID-19 pandemic, according to Rishwain.
He said that real estate has been behind other industries in its recovery from the pandemic, but that a boom of demand is on the horizon as that recovery comes along.
How real estate asset classes are being used, whether we are considering central business district office buildings or hotels or shopping centers or luxury/entertainment related properties or multifamily housing—all of this and more are going to have to be re-examined in how each asset class is operated, financed, developed with the advent of technology and how each asset class is leveraged, Rishwain said. “As interest rates come down, the real estate market will expand and even explode.”
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