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
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.
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)
Real estate investment trusts across the board underperformed the broader market in the first quarter of 2021, and VICI Properties Inc. was no exception, executives said Thursday, while noting gaming assets in... (more story)
Activist investor Blackwells Capital LLC continued its campaign Thursday against hospitality executive Monty J. Bennett by separately urging shareholders of Braemar Hotels & Resorts Inc. and an advisory firm t... (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.
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.
Residential More
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)
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)
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)
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.
Eckert Seamans Cherin & Mellott says a group representing Pittsburgh-area developers still owes nearly $76,000 in legal fees for the firm's work on a federal suit challenging an "inclusive zoning" ordinance, a... (more story)
Nixon Peabody LLP has hired two partners, who will focus their practices on helping nonprofits and other clients understand and obtain tax credits for a range of community development projects, to its communit... (more story)
A former U.S. Department of State attorney-adviser has left government service to co-lead Klasko Immigration Law Partners' EB-5 regional center and developer practice, the firm recently announced.