CoStar Expands Mass Copyright Case Against Zillow
Commercial real estate information company CoStar Group Inc. updated its mass copyright infringement suit against property listing company Zillow Group Inc. on Friday, now alleging in Washington federal court that Zillow stole more than 53,000 of CoStar's copyrighted property photos.
Real Estate Private Credit's Moment To Shine
Even under scrutiny prompted by problems in corporate private credit, the real estate corner of private credit is holding up. Although both forms of debt are under the heading of private credit, attorneys that advise private credit borrowers, lenders and investors do not expect real estate private credit to get blowback from the corporate private credit world.
Multifamily Investors See Value Beyond Biggest Cities
While location has long been held as a paramount consideration in real estate, the biggest and best-known cities are not the only ones that need housing, nor are they the only markets that can deliver a solid return on investment, multifamily investors pointed out at a recent event.
Commercial More
Investors in LuxUrban Hotels Inc. seek an initial nod for their $3 million deal to end claims the bankrupt hotel-leasing business mischaracterized its portfolio growth and its financial results, leading to a t... (more story)
The Port of Tacoma's suit wrongfully seeks millions in remediation costs for contamination not associated with chemical company PQ LLC's operations on a Tacoma Tideflats property, the company has said in count... (more story)
Last year saw more than $580 billion in global data center investment, up 27% from 2024, and the U.S. alone in 2026 could approach $500 billion in such investment, according to a report Colliers released Wednesday.
Las Vegas hotel guests are asking the U.S. Supreme Court to review a Ninth Circuit ruling that refused to revive their proposed class action accusing casino-hotel operators of using software from Cendyn Group ... (more story)
The U.S. Navy urged a Washington federal court Friday to reject an environmental group's bid to file a new complaint challenging its amended environmental impact analysis on expanding training flights on Whidb... (more story)
A New York federal judge on Friday mostly tossed a real estate investment trust's $50 million suit against the New York City Health and Hospitals Corp. and the NYC Economic Development Corp. over the design of... (more story)
Halifax, Canada-based Clarke Inc. said Friday it has agreed to acquire financially struggling Ravelin Properties, another Canadian real estate investment trust, in a deal valuing the combined company at $1.7 b... (more story)
Residential More
A brand owned by Singaporean hospitality company Banyan Group will have its first U.S. location with an 88-unit residential tower in West Palm Beach, Florida, the group said.
The Kansas Board of Tax Appeals properly complied with an appellate court's instructions for remand in a property tax case, the court ruled Friday, finding that the board was able to explain the weighted value... (more story)
Nearly $3.2 billion in commercial mortgage-backed securities debt is reaching hard maturity in March, and among maturing CMBS loans, multifamily has the highest delinquency rate, according to a report Monday from Trepp.
A Louisiana federal judge has rejected an antitrust lawsuit brought pro se by a group of brokers claiming they are illegally forced to join a trio of real estate associations to access the Multiple Listing Ser... (more story)
CrossCountry Mortgage said Friday it will acquire mortgage servicing-focused real estate investment trust Two Harbors Investment Corp. for $10.80 per share in cash, with Simpson Thacher & Bartlett LLP advising... (more story)
A Colorado town's fee on owners of short-term rentals does not require a vote under the state's Taxpayer's Bill of Rights, a state appeals court ruled Thursday, rejecting the argument that it raises more reven... (more story)
Employees alleging a property management company stiffed them on overtime wages cannot proceed as a collective for now, a North Carolina federal judge has ruled, finding that the current record is insufficient... (more story)