CFIUS Report Says More On Real Estate Than Meets The Eye
The Committee on Foreign Investment in the United States' latest report to Congress shows no significant change in the number of real estate-related cases the committee reviewed in 2023, but that does not mean properties weren't on the government's radar, attorneys say.
Weyerhaeuser CEO Expects Single-Family Sector To 'Hold Up'
Weyerhaeuser Co. is confident the single-family market will hold up in the third quarter despite slumping sales as high mortgage rates persist, the lumber real estate investment trust said on its quarterly earnings call Friday.
How Hinckley Allen Took On Rhode Island Beach-Access Law
A Rhode Island judge this month sided with beachfront property owners, represented by Hinckley Allen & Snyder LLP, ruling that a 2023 law that shifts the public access line landward amounts to a taking.
Commercial More
A shareholder of 3D-imaging and digitization venture Matterport Inc. has launched a Delaware Court of Chancery lawsuit seeking company documents, citing concerns that the business was selling itself to global ... (more story)
InterVest Capital Partners, a firm supported by Kuwait's public pension fund, has sued in New York state court to foreclose on a $124.5 million loan for a 47-story office tower at 30 Broad Street in New York's... (more story)
Digital Realty has its eye on the possibility that pressures on electrical networks might create delays for the company's pipeline of new data centers, the real estate investment trust's CEO said in an earnings call.
The D.C. Circuit on Friday rejected an emergency bid to stop Amtrak from taking control of Washington, D.C.'s Union Station, but did not dismiss the case outright, ruling that efforts to stop the eminent domai... (more story)
Marcus & Millichap affiliate IPA Capital Markets said it arranged $85 million in financing for a two-story Class A industrial property in Queens, New York.
Robinson+Cole hired Kimberly A. Sigler, the former Bose Corp. assistant general counsel and a company director, as a partner for its real estate group in Boston, the firm announced.
Torose Equities acquired an 8,700-square-foot, single-tenant retail property located at 910 Lincoln Road in Miami Beach, Florida, the real estate investment firm announced Friday.
Residential More
A group of short-term rental owners in Colorado urged a federal court on Thursday to reject a city's bid to dismiss their suit, which claims a 2023 ordinance that regulates where short-term rentals can operate... (more story)
A technology-focused community group in California has joined a chorus of advocates calling for the Federal Communications Commission to hit the brakes on a proposal to tighten rules for bulk billing in multit... (more story)
Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.
A Chubb unit asked the Eleventh Circuit on Friday to reverse the approval of a Florida condominium association's $13.8 million appraisal award for hurricane damage sustained in 2017, arguing that a lower court... (more story)
Population migration into parts of the U.S. with more severe weather is one factor driving the worst U.S. homeowner's insurance underwriting results since at least 2000, according to a report on the insurance ... (more story)
California Gov. Gavin Newsom on Thursday ordered state agencies to start removing homeless encampments on state property while providing outreach services to homeless residents following a recent U.S. Supreme ... (more story)
Flagstar Bank NA announced Thursday that it has inked a $1.4 billion deal to sell its residential mortgage servicing business to nonbank mortgage originator Mr. Cooper, as Flagstar and parent New York Communit... (more story)