Workers Drop WARN Act Suit To Join Related Colo. Case
Two former employees dropped a proposed class action accusing a recently shuttered commercial facility services company of failing to warn workers before mass layoffs and facility closures, with the case expec... (more story)
Prologis Pushes Segro For Talks On £12.6B Takeover Bid
Real estate investment trust Prologis Inc. has ramped up pressure on the board of Segro PLC to engage in talks for a £12.6 billion ($16.9 billion) takeover, telling shareholders in the British company on Thurs... (more story)
These Firms Guided First Half's Top Hospitality M&A Deals
Weil, Mayer Brown and Paul Weiss are among the law firms that landed work on the largest hospitality mergers and acquisitions of the year's first half, a period that saw seven transactions north of $1 billion.
Calif. Ex-Social Worker Helps 2 Sides Of NYC Real Estate Deal
A $31 million Manhattan commercial property transaction is nothing out of the ordinary. A handful of such deals — give or take $10 million — typically hit public records each week. But in the case of 38 W. 21s... (more story)
Minn. Tax Court Weighs Tower Sale Prices In Value Dispute
The Minnesota Tax Court will consider recent purchase prices for the Wells Fargo Center in Minneapolis, along with a discounted cash flow analysis, in a hundred-million-dollar tax valuation dispute over the office tower.
3 Firms Guide MasTec's $1.7B Acquisition Of Superior Group
MasTec, a Coral Gables, Florida-based engineering and construction company, said it has reached a deal to buy The Superior Group, an Ohio-based, data center infrastructure-focused electrical contractor, for $1.7 billion.
NJ Office Buildings Finding Second Life As Housing, JLL Says
More and more "outdated" and "underutilized" New Jersey office properties are being converted into affordable housing and other developments due to quotas and shifting market demands, according to a report fro... (more story)