News
Judge Blocks Treasury Rule Requiring Disclosure Of All-Cash Real Estate Buyers
9+ hour, 53+ min ago (419+ words) A federal district judge has struck down a federal anti-money laundering rule that required residential real estate buyers to be disclosed in all-cash transactions. The Treasury Department's Financial Crimes Enforcement Network introduced the rule in 2024 to prevent criminals from using…...
North Texas Judge Freezes MUD Tied To The Meadow, Formerly EPIC City
3+ day, 7+ hour ago (316+ words) A Collin County judge has temporarily blocked further action by a North Texas utility district's board, finding evidence it violated state law when it advanced'infrastructure tied to The Meadow, a 402-acre development formerly known as EPIC City.' The Meadow is…...
Judge Halts Construction On ICE Conversion Of Maryland Warehouse
1+ week, 4+ day ago (693+ words) A federal judge has'issued a restraining order to temporarily halt'construction of a'planned U.S. Immigration and Customs Enforcement detention center in western Maryland on Wednesday, citing concerns about the facility's potential environmental impacts.' U.S. District Judge Brendan A. Hurson'issued a'14-day hold on construction…...
Live Nation To Sell Venues As Part Of Antitrust Settlement With DOJ
2+ week, 5+ hour ago (532+ words) Live Nation, the parent company of Ticketmaster,has struck a deal with theDepartment of Justicethat may require the concert behemoth to divestsome of its venues. The settlement, if approved by a federal judge, would bring the DOJ's 2024 antitrust lawsuit against…...
Chetrits Lose Miami Beach Hotel To Foreclosure After $96M Judgment
2+ week, 2+ hour ago (870+ words) Beleaguered real estate moguls Joseph and Meyer Chetrit have lost a historic Miami Beach hotel in a foreclosure auction after a five-year legal battle ended in a $96M judgment against them. Miami-based mortgage lender Safe Harbor Equity acquired the 90-year-old Tides…...
Senior Lenders File $940M Foreclosure Suit Against SL Green, RXR At Worldwide Plaza
1+ mon, 1+ hour ago (673+ words) There's a new combatant entering the fight over control of Worldwide Plaza, one of New York City's most prominent distressed office buildings. Goldman Sachs and Deutsche Bank, along with'the trustee representing bondholders of Worldwide Plaza's $705M CMBS loan, filed two lawsuits…...
SEC Charges Thakkar Brothers With Defrauding Investors Of $12M
1+ mon, 3+ day ago (384+ words) The Securities and Exchange Commission is going after a pair of brothers from a prominent North Texas real estate family for allegedly bilking investors out of more than $12M over a three-year period. In reality, the Thakkar brothers" offer for the…...
Lawsuit Says Bill Ackman Bullied Howard Hughes Board Into Taking $900M Investment
1+ mon, 1+ week ago (804+ words) Pershing Square'CEO'Bill Ackman threatened to try to oust board members at Howard Hughes Holdings Inc. if they didn't approve his investment firm's $900M offer, a new lawsuit from minority investors alleges. The suit accuses the outspoken'executive of using coercion and bullying…...
Colony Ridge To Halt Land Development, Avoid Foreclosures In $68M DOJ Settlement
1+ mon, 1+ week ago (542+ words) The developers of Colony Ridge, a community north of Houston, reached a $68M settlement in a lawsuit'by the U.S. Department of Justice'after being accused of running a one-stop shop for discriminatory lending. The DOJ sued Colony Ridge Development LLC in late 2023, marking…...
Developer Of $1B Aston Martin Tower Sued For Allegedly Siphoning Funds From Owners
1+ mon, 2+ week ago (828+ words) The people who bought apartments at the'world's first Aston Martin-branded residential building were promised'a luxury experience that would live up to the'British sports carmaker's 113-year-old reputation. But less than two years after'the 66-story Aston Martin Residences opened along the waterfront…...