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.
Blackstone REIT will buy Chicago-headquartered home rental company Home Partners of America in a $6 billion deal built by Simpson Thacher, Sidley Austin and Fried Frank, the companies said Tuesday.
The Texas Supreme Court will weigh in on an intermediate appellate court split over the proper way to serve process on banks designated as foreign corporate fiduciaries in lawsuits, agreeing to review U.S. Bank NA's challenge to a no-answer default judgment allegedly caused by improper service.
In a broad win for class action defendants, the U.S. Supreme Court’s ruling Monday in Goldman Sachs v. Arkansas Teacher Retirement System could serve as a mandate to courts to consider all relevant evidence at the class certification stage, even if the same evidence is also relevant to a merits question, say attorneys at Skadden.
The Texas Supreme Court on Friday declined to hear a landowner's lawsuit claiming the private developers of a high-speed passenger train from Dallas to Houston cannot use eminent domain to survey and trample on Texans' private property rights for a costly project that's doomed to fail.
EDRE Development has reportedly paid $13 million for a Brooklyn development site, a Cain International venture is said to have paid roughly $120 million for a Manhattan church and VIG Furniture has reportedly dropped $9.1 million on a Florida distribution center.