The Rise Of The SCIFs
While the office market has struggled to regain its footing in recent years, those that are purpose-built to house secure government information have continued to enjoy high demand. Federal SCIF standards are undergoing their first major update in 15 years, which could prove challenging for the secure facilities and those who advise on them.
Welltower Inks $14B Worth Of Senior Housing Purchases
Welltower Inc. is set to complete $14 billion worth of deals to acquire 700 senior housing communities with more than 46,000 total units, all in the U.S., U.K. and Canada, the real estate investment trust announced Monday.
7 Firms Steer $2.1B Take-Private Deal For Plymouth REIT
Real estate investment firm Makarora Management LP and Ares Management Corp. have agreed to acquire and take private Plymouth Industrial REIT Inc. in a $2.1 billion cash deal guided by seven law firms, coming three months after a competing buyout offer for Plymouth.
Commercial More
Kelley Drye & Warren LLP, Adler & Stachenfeld LLP and Sullivan & Cromwell LLP guided the largest New York City real estate deals made public last week, which included two office buildings on Third Avenue and a... (more story)
A Florida franchisee group is suing a developer in state court over a $12 million loan to build two Twin Peaks restaurants in an EB-5 visa program, alleging the developer defaulted on the note and then told th... (more story)
Demand for artificial intelligence computing infrastructure helped usher in a significant gain in bookings in the third quarter for data center real estate investment trusts Digital Realty and Equinix, executi... (more story)
A New Jersey bankruptcy judge agreed Friday to dismiss the Chapter 11 proceedings for entities connected to troubled real estate group CBRM Realty Inc., diffusing creditors' efforts to have the cases thrown ou... (more story)
Attorneys at Sidley Austin LLP guided a $1.2 billion refinancing of a Fifth Avenue office tower in New York City that, after a soup-to-nuts transformation, has now been fully leased.
A California federal court refused a bid from Commercial Real Estate Exchange Inc. to pause CoStar Group Inc.'s "mass" infringement claims so they can be tried alongside CREXi's recently revived antitrust counterclaims.
Two directors of Fang Holdings Ltd. and their affiliates reached a settlement ending claims they stripped the Chinese online real estate portal operator of its value for personal gain, agreeing to a $30 millio... (more story)
Residential More
A proposed class of borrowers is accusing a mortgage servicer and a debt owner in Virginia federal court of fraudulently charging them thousands of dollars of retroactive interest fees for their "long-dormant,... (more story)
Real estate brokerage Compass Inc. told a New York federal court Friday that an update on Zillow's website regarding its implementation of an allegedly anticompetitive policy only provides further support for ... (more story)
Fannie Mae announced that it has elevated its deputy general counsel to acting general counsel, after the previous attorney to hold the position decided to move on from the post.
A group of landlords urged a Tennessee federal court to reject arguments lodged by several attorneys general who criticized $141.8 million worth of proposed antitrust settlements that aim to resolve multidistr... (more story)
Florida-based MV Realty has entered into a $2.8 million settlement with New Jersey to resolve a lawsuit claiming it duped cash-strapped homeowners into signing agreements with predatory terms that placed liens... (more story)
Hudson Valley lawyer Bill Stein reflects on the case that gave him “more than 15 minutes of fame,” colloquially known as “the Ghostbusters ruling” — which marks the only time a house in the United States has b... (more story)
A building and grounds maintenance worker ended his suit in California federal court accusing a property management company of failing to pay minimum wage and overtime after a deal that settled the remaining i... (more story)