Property Plays: Valley, GSA, A's Stadium
Property Plays is a weekly roundup of the latest loans, leases, sales and projects around the country. Send your tips — all confidential — to realestate@law360.com.
CMBS Lending Is Higher Than It's Been In Years
The comedown of interest rates this past year has been a boon for the commercial mortgage-backed securities market, with the amount of issued CMBS up roughly 172% year-to-date as of November, according to Kroll Bond Rating Agency LLC.
Valley Sells $925M In Loans As Banks Shed CRE Loans
Lenders, especially banks under pressure from regulators, are now taking big steps to distance themselves from commercial real estate. Those strategies include selling even performing loan portfolios at a discount, as well as starting foreclosures to draw buyers.
Commercial More
An insurer urged the Seventh Circuit on Monday to review a ruling requiring it to defend an architectural design firm and its owner against faulty work claims seeking more than $3.4 million in damages, saying ... (more story)
Riker Danzig LLP is striking out from its longtime home in Morristown, New Jersey, announcing recently it is moving to a new office at the Giralda Farms professional campus in Madison, New Jersey.
The Las Vegas Stadium Authority approved several crucial agreements for the city's incoming Major League Baseball team The Athletics, which will move from West Sacramento, California, to play in a new Las Vega... (more story)
Private equity giant Apollo and commercial bank Santander on Monday unveiled plans to partner to invest in a $370 million portfolio of infrastructure credit.
Fried Frank and Tannenbaum Helpern are among the law firms that handled work on the largest New York City real estate deals that hit public records last week, a period that saw three residential unit trades at... (more story)
Billionaire-backed funding in Texas helped push a wave of Republican judges who swept races for intermediate appellate courts across the state, representing a new level of corporate spending in judicial races ... (more story)
The city of Toppenish has told a Washington federal judge that the Yakama Nation has no right to use a local property within reservation boundaries to operate a 24-hour emergency cold weather shelter, arguing ... (more story)
Residential More
The U.S. Supreme Court declined to hear the case of a former staffer in the U.S. Department of Housing and Urban Development's Office of Inspector General who was convicted of failing to disclose a loan from a... (more story)
Offit Kurman Attorneys At Law said it has added Shelbie Cook as a landlord representation attorney in the firm's Bethesda, Maryland, office.
The New York City Council passed a package of zoning reforms designed to spur housing production, greenlighting Mayor Eric Adams' City of Yes for Housing Opportunity plan after the city and state agreed to ear... (more story)
As Johnson & Johnson seeks to toss the underlying verdict, a real estate developer and cancer patient who was awarded $15 million in compensation from a talc trial jury has asked a Connecticut state judge to a... (more story)
A new report from a team of New Jersey housing experts found that as many as 29,000 tenants and tenant families may be evicted in the Garden State every year based on legally deficient complaints. Now they’re ... (more story)
Attorneys for investors who bought into Latch Inc.'s Tishman Speyer-led, $1.5 billion take-public deal only to see their shares nosedive have tentatively settled consolidated class damage claims for $29.75 mil... (more story)
The older brother of former Los Angeles City Councilor José Huizar on Friday avoided prison for lying to investigators about his role laundering bribes for the disgraced politician, with a California federal j... (more story)