Real Estate Law360 provides breaking news and analysis on high-impact real estate deals and the attorneys involved. Coverage includes transactions involving developers, investors, lenders, contractors, and brokers, as well as related litigation, enforcement, and policy developments.
Singapore developer Metro Holdings Ltd. has formed a joint venture with fellow Singapore firm Lee Kim Tah Group to buy an office property in London for £80.75 million ($112.91 million), according to an announcement from Metro Holdings on Tuesday.
A Rhode Island federal judge Monday said the town of Foster, Rhode Island’s zoning board violated the Telecommunications Act when it denied Industrial Tower and Wireless’ application to install a wireless communications tower, because the board did not provide sufficient evidence to support its decision.
A New York state judge on Monday rejected German lender DZ Bank’s bid to conduct a bellwether trial in its fraud suit against Morgan Stanley over dud residential mortgage-backed securities it bought from the U.S. bank, expressing concerns that moving ahead with part of the case wouldn’t resolve things any more efficiently.
Counsel for a committee of Breitburn Energy Partners LP shareholders seeking to block confirmation of a Chapter 11 restructuring plan that leaves the group empty-handed closed a trial over enterprise valuations on Monday, urging a New York bankruptcy judge to send the sides back to the negotiating table.
A Florida federal judge ruled Monday that a purported real estate developer and her company, EB-5 Asset Manager LLC, will have to pay a combined $11 million to end a U.S. Securities and Exchange Commission suit alleging investors were bilked out of $8.5 million they were told would qualify them for visas.