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Month: June 2021

Champlain Towers South carried a $5M policy, insurers gear up for legal claims

Champlain Towers South (Getty) As lawsuits mount against the Champlain Towers South condominium association, the building’s and unit owners’ insurers will play key roles in footing the bill for any payouts arising from legal claims, ...

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  • 30 Jun
  • The Real Deal
  • Uncategorized
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Supreme Court declines to lift CDC eviction ban

Supreme Court Justices Elena Kagan and Brett Kavanaugh (Getty) The CDC-imposed federal eviction moratorium will live on — at least for another month. In a 5-to-4 ruling late Tuesday, the Supreme Court rejected an emergency request to ...

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  • 30 Jun
  • The Real Deal
  • Uncategorized
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Manhattan DA to charge Trump Org this week: report

President Donald Trump and Manhattan District Attorney Cyrus Vance (Trump by BRENDAN SMIALOWSKI/AFP via Getty Image; Vance by Kevin Hagen/Getty Images) The Manhattan district attorney’s office is planning to charge the Trump ...

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  • 30 Jun
  • The Real Deal
  • Uncategorized
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LAX Hyatt Regency changes hands for $75M

Hyatt Regency LAX and Southwest Regional Council of Carpenters CEO Dan Langford (Hyatt) The Hyatt Regency at LAX Airport has been sold, and the new owner shouldn’t have any trouble finding help when there’s maintenance to be done — ...

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  • 30 Jun
  • The Real Deal
  • Uncategorized
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Surfside condo “a time bomb:” Survivor’s lawsuit cites falling concrete, cracks and standing seawater in garage

Champlain Towers South exposed and deteriorated rebar (Getty) Raysa Rodriguez recounts a harrowing escape from her unit at the collapsed Surfside condominium, and lays out mounting warning signs in a newly filed lawsuit. Among them: a ...

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  • 30 Jun
  • The Real Deal
  • Uncategorized
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RPT Realty ponders bankrupt mall owner Washington Prime

RPT Realty CEO Brian Harper and Washington Prime Group CEO Louis Conforti (RPT, Twitter, iStock) Shares of mall owner Washington Prime were trading at about $5 before it filed this month for Chapter 11 bankruptcy, which will leave its ...

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  • 30 Jun
  • The Real Deal
  • Uncategorized
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Rubicon targets SF, Seattle office space with $230M fund

Rubicon Point Partners Managing Partners Ani Vartanian and Razmig Boladian (LinkedIn, iStock) Rubicon Point Partners has high hopes for a pair of distressed, remote-friendly office markets. The real estate investment firm has closed ...

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  • 30 Jun
  • The Real Deal
  • Uncategorized
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ShipBob joins the unicorn club with $200M Series E funding

ShipBob CEO Dhruv Saxena and president Divey Gulati (ShipBob) ShipBob, a logistics company that provides shipping and delivery services for e-commerce companies, raised another $200 million in funding, taking the company to virtual ...

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  • 29 Jun
  • The Real Deal
  • Uncategorized
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Surfside condo president’s April letter warned of more repairs required

The partially collapsed 12-story Champlain Towers South condo building (Getty) UPDATED, June 29, 10:35 p.m.: The condo board sent a letter to unit owners of the Champlain Towers South in April cautioning the importance of major ...

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  • 29 Jun
  • The Real Deal
  • Uncategorized
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State attorney’s office plans grand jury investigation into cause of Surfside collapse

Miami-Dade Mayor Levine Cava and State Attorney Kathy Fernandez Rundle (Getty) UPDATED, June 29, 10:40 p.m.: State Attorney Katherine Fernandez Rundle will empanel a grand jury investigation to determine the cause of the fatal condo ...

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  • 29 Jun
  • The Real Deal
  • Uncategorized
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