4600 King Street, LLC v. Kimco Realty Corporation
March 15, 2023
Kimco Realty urged a Virginia federal judge to dismiss a suit alleging that the real estate investment trust's $3.8 billion Weingarten Realty Investors acquisition caused two brothers to lose $6 million for a development project, arguing that Kimco's appraiser for the brothers' net profits share of the project wasn't "unqualified" under the project's net profits agreement or the Uniform Standards of Professional Appraisal Practice.
January 13, 2023
Two Virginia real estate developers claim that Kimco Realty's roughly $3.8 billion acquisition of real estate investment trust Weingarten Realty Investors eventually resulted in the developers' losing out on $6 million for a multimillion-dollar Alexandria development project.