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.
TA Realty has reportedly sold a Florida office building for $16.56 million, President Trump's former lawyer Michael Cohen is said to have sold stakes in two Manhattan apartment buildings for $11.3 million and a church campus in Florida has reportedly traded hands for $10 million.
Lloyds Bank has led a syndicate of banks that loaned £230 million ($296.3 million) to Global Net Lease Inc. for the real estate investment trust's 43 U.K. properties, according to an announcement on Tuesday from the company, which also announced details of a share sale.
A real estate developer on Monday sued the owner of Cincinnati's Terrace Plaza Hotel in Ohio county court, accusing it of engaging another potential buyer for the historic facility despite the fact that the two had already signed a $9.5 million purchase agreement for the property.
The U.S. Chamber of Commerce, the Association of National Advertisers and other business groups asked the U.S. Supreme Court on Friday to review findings by California courts that held The Sherwin-Williams Co. and other companies liable for lead paint contamination based on decades-old paint advertisements.
A $4.7 million judgment awarded to a real estate developer who brought a lawsuit against the city of Lancaster, Texas, alleging breach of an economic development contract was mostly upheld by a Texas appellate court, but the panel determined that some insurance costs should have been excluded from the damages award.