Blackstone's Chicago Bet Backfires Post-Pandemic
Swiss Firm Empira Eyes Long-Term Growth In US Housing
Real Estate Leaders Ask Congress For Less Stick, More Carrot
Blackstone's Chicago Bet Backfires Post-Pandemic
In the first in a series of stories on distressed office properties in various U.S. markets, Law360 Real Estate Authority looks at the rise and fall of one Blackstone property in Chicago.
Swiss Firm Empira Eyes Long-Term Growth In US Housing
The head of U.S. investments for Switzerland-based real estate investment firm Empira Group shared insights with Law360 Real Estate Authority on the opportunities the company saw in U.S. housing that have driven its recent arrival and growth on this side of the Atlantic.
Real Estate Leaders Ask Congress For Less Stick, More Carrot
The federal government should incentivize home construction and office-to-residential conversions, avoid imposing more capital requirement rules on banks and refrain from treating commercial real estate monolithically, industry leaders testified to members of Congress on Tuesday.
Expert Analysis
Taxpayers considering protective refund claims pending resolution of major questions in tax cases like Moore v. U.... (more story)
A New York federal court’s recent ruling in In re: Cortlandt provides guidance on how to calculate a landlord's da... (more story)
A close look at the unique language at issue in Avila v. Biscayne, in which a Florida appellate court deemed a con... (more story)
Commercial More
Two brothers from India sued companies behind a combination residential-resort project they invested in under the EB-5 investor visa program, telling a Florida federal court that their green card petitions wer... (more story)
Akerman LLP hired Dennis A. Kerbel, a veteran Miami-Dade County, Florida, government attorney, as the new chair of its land use and entitlements team in its Miami office, the firm announced this week.
None of the bills proposing oversight and restrictions on data center development in Virginia passed this year, but tighter regulations may still be in store for the world's largest market for digital infrastr... (more story)
Uniti Group Inc., advised by Davis Polk & Wardwell LLP, on Friday unveiled plans to merge with Debevoise & Plimpton LLP-led telephone service company Windstream Holdings II LLC in a deal that includes a $425 m... (more story)
San Francisco-based Terreno Realty Corp. said Friday that it has purchased a portfolio of industrial properties in New York City, northern New Jersey, the San Francisco Bay Area and Los Angeles for $364.5 million.
The U.S. has seen at least $2.6 billion of commercial properties used in known money laundering cases over the last two decades, a figure that is likely below the reality and demonstrative of gaps that may exi... (more story)
Hospitality-focused real estate investment trust Host Hotels & Resorts Inc. told investors that it purchased a two-hotel Nashville, Tennessee, complex for $530 million in cash.
Residential More
San Francisco-based Stockbridge Capital Group said Friday that it had closed on a real estate investment fund with $709 million in commitments last month, the largest in its history.
A Washington couple accused their homeowners insurer of unreasonably denying their fire damage claim despite their timely response to all of the insurer's claim inquiries and requests, further accusing the ins... (more story)
Invitation Homes Inc.'s chief executive told investors Wednesday that the company's results for 2024's first quarter give good reasons to be optimistic about the U.S. single-family rentals market for the rest ... (more story)
A New Jersey appeals panel has ordered a company owned by Kushner Cos. LLC to pay $15 million to real estate sellers in a $186 million deal that fell apart during the COVID-19 pandemic.
In a rare 4-3 opinion, the Connecticut Supreme Court on Thursday ruled that a corporate landlord cannot use a ratio utility billing system to divide monthly costs among units not equipped with precise individu... (more story)
Simpson Thacher & Bartlett LLP said Thursday that it has hired Aron M. Zuckerman, an attorney with experience advising lenders in financing real estate projects, as a partner in its New York office.
GTIS Partners has grown its partnership with homebuilder Hovnanian Enterprises to now build $6 billion worth of homes, including new construction in Florida and New Jersey, the companies announced Thursday.