Real Estate Law360 provides breaking news and analysis on high-impact real estate deals and the attorneys involved. Coverage includes transactions involving developers, investors, lenders, contractors, and brokers, as well as related litigation, enforcement, and policy developments.
An investor for real estate company Voltari filed a lawsuit Monday in Delaware Chancery Court seeking company records to determine if its acquisition by a controlling stockholder entity affiliated with Carl Icahn is being pushed forward by a special committee of directors with ties to the activist investor.
A New York state court judge on Monday showed impatience with Credit Suisse’s cross-examination tactics early on the first day of trial in a bond insurer’s $253 million contract suit over toxic residential mortgage-backed securities stemming from the housing crisis.
NexPoint Hospitality Trust said Monday it will acquire Condor Hospitality Trust and its 15 hospitality properties for $318 million in a deal steered by Winston & Strawn, Goodmans LLP and McGrath North.
Gatsby Enterprises has reportedly bought a Miami office building for $125.5 million, investment bank National Securities Corp. is said to be taking 11,101 square feet in Manhattan, and Longpoint Realty has reportedly dropped $25 million on a Florida industrial property.
Mount Sinai Health System on Monday said it has applied to begin construction of a new Mount Sinai Beth Israel Hospital and two additional facilities as part of a $1 billion plan to rejuvenate health care facilities in Downtown New York.