Default Risk At Major SF Complex Drives April CMBS Distress
Bears Pitch $5B Lakefront Stadium After Dropping Suburb Site
Gibson Dunn, Simpson Thacher Guide $1.6B Campus Deal
Default Risk At Major SF Complex Drives April CMBS Distress
Kroll Bond Rating Agency said Friday that special servicing on a $1.3 billion loan for one of San Francisco's biggest apartment complexes accounted for more than a third of new distress among commercial mortgage-backed securities this month.
Bears Pitch $5B Lakefront Stadium After Dropping Suburb Site
The Chicago Bears, along with the Windy City's Mayor Brandon Johnson, plugged a nearly $5 billion plan to build a new stadium on the shore of Lake Michigan next to the current, century-old Soldier Field location, after the team bolstered its legal group earlier this month ahead of the announcement.
Gibson Dunn, Simpson Thacher Guide $1.6B Campus Deal
KKR on Thursday announced the purchase of a portfolio of 19 student housing properties from Blackstone Real Estate Income Trust, in a $1.64 billion deal advised by Gibson Dunn & Crutcher LLP and Simpson Thacher & Bartlett LLP.
Expert Analysis
The growing popularity of trends like 3D printing technology and prefabrication in the construction industry have ... (more story)
The flurry of final rules now leaping off the Federal Register press — some of which will affect entire industries... (more story)
David Robinson and Daniel Golub at Holland & Knight explore the U.S. Supreme Court's recent ruling that a local tr... (more story)
Commercial More
A father-son attorney team used Legos and an argument borrowed from the 1988 film "Working Girl" to help a Los Angeles jury understand how their client's own brother illegally stole his multibillion-dollar rea... (more story)
Silver Star Properties agreed to drop its federal suit accusing its former executive chair Allen R. Hartman of trying to get his job back by soliciting shareholders to replace the Texas-based REIT's board of d... (more story)
Greenberg Traurig LLP guided TPG Capital's purchase of a Manhattan office building for $147.5 million, nearly a third of the pricetag paid by seller RREEF Management LLC a decade earlier, according to county property records.
Truist Financial Corp. and its real estate finance arm can move forward with the bulk of their suit accusing three former executives of absconding for a competitor with several dozen colleagues in tow, after N... (more story)
A Las Vegas hotel price-fixing suit against Blackstone and others has survived the private equity firm's motion to dismiss, with a Nevada federal judge ruling the plaintiffs had shown enough to allege Blacksto... (more story)
The bankrupt owners of several Manhattan apartment buildings asked a New York federal bankruptcy court to approve the settlement of the claims of rent-striking tenants, the tenants' debt and a related adversary proceeding.
Four Georgia residents have asked a federal judge to let them intervene in a dispute over the construction of a sprawling primate-rearing farm in Bainbridge, alleging the local development authority that appro... (more story)
Residential More
Berkshire Hathaway-owned brokerage firm HomeServices of America reached a deal Friday to settle claims that it forced a class of home sellers to pay inflated commissions, closely following the approval of a $4... (more story)
Oregon-based Umpqua Bank has asked a San Francisco federal judge to toss claims that it aided and abetted a $250 million real estate Ponzi scheme, arguing the investors who brought the suit saw that their fund... (more story)
Mortgage applicants accusing Wells Fargo of discriminating against borrowers from racial minorities with higher interest rates, worse terms and more scrutiny than white clients have asked a California federal ... (more story)
San Luis Obispo County urged a California federal court to toss most of the claims filed by a union of homeless people and recreational vehicle residents who accused the county of wrongfully evicting them from... (more story)
Norman Resnicow, the lawyer and alleged "nuisance neighbor" who lives next to actor Justin Theroux, has won his bid in New York bankruptcy court to hold off his co-op building from evicting him because of his ... (more story)
Weyerhaeuser remains upbeat about the housing market in 2024 and expects demand for lumber to pick up in the coming months, the lumber real estate investment trust said on its first quarter earnings call Friday.
Philadelphia will designate a task force to study and address inequities in the city's residential property tax assessments, the mayor announced Friday.