
Meet The Attys Who Advised A Homebuilder's $5.8B Spinoff
Legal teams at Cleary Gottlieb Steen & Hamilton LLP and Akin Gump Strauss Hauer & Feld LLP helped home construction company Lennar Corp. complete a $5.8 billion spinoff of its land site purchase platform, Millrose Properties Inc., according to a recent announcement.

Latham, Hogan Lovells Advise Hyatt's $2.6B Playa Hotels Buy
Latham & Watkins LLP guided Hyatt Hotels Corp. on a $2.6 billion acquisition announced Monday of Playa Hotels & Resorts NV — which operates resorts in Mexico, the Dominican Republic and Jamaica — and worked with Hogan Lovells on the deal.

Industrial REIT Says Interest Rates Dampen 2025 Outlook
A Rexford Industrial Realty Inc. executive told investors that, while the real estate investment trust had "solid results" in the fourth quarter, high interest rates and other economic factors are poised to slow its growth in 2025.
Commercial More
Two California homeowners didn't have a covered claim for wildfire debris that infiltrated their home, a state appeals panel ruled, saying there was no evidence the debris caused the kind of loss or damage req... (more story)
The Federated Indians of Graton Rancheria told a California federal judge that the U.S. Department of the Interior filed an incomplete status report about how it will monitor another tribe's project plans for ... (more story)

There is a lot of volatility and uncertainty in the world today, but a number of conditions point to the U.S. real estate market still being well-positioned to forge a recovery over the next few years, a leade... (more story)
Simpson Thacher & Bartlett LLP has hired a New York-based partner in its registered funds practice to focus on real estate and capital markets, the firm said Monday.
Greenberg Traurig, McDermott Will & Emery and Pryor Cashman are among the law firms that landed work on the largest New York City real estate deals that hit public records last week, with an SL Green Realty Ma... (more story)
A developer and the estate for the former owner of a landmark Pittsburgh gay bar have sued two residents of the city's Polish Hill neighborhood, claiming they moved to deem the property historic as a ploy to f... (more story)
A New York state appellate court affirmed a trial court's toss of several claims brought against the late Sol Goldman's real estate empire by inheritors who allege his daughter squeezed them out of the family ... (more story)
Residential More
The owner of a Washington, D.C., apartment building told a Delaware bankruptcy judge it found a buyer for the property who will acquire the asset through a credit bid.
QXO Inc. accused Beacon Roofing Supply Inc.'s board of directors on Monday of "cherry-picking" and manipulating performance metrics in statements urging shareholders to reject an $11 billion hostile takeover b... (more story)

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.
Two California residents urged a federal judge to grant them a win in a suit accusing them of conspiring to overcharge a buyer that wants to acquire their property to build a city, saying the buyer can't prove... (more story)
A Texas appeals court has ruled that two Dallas ordinances criticized for effectively banning short-term rentals don't gel with property rights enshrined in the state's constitution, siding with landlords who ... (more story)
Borrowers who accused Rocket Mortgage of inflating their home values have asked the full Fourth Circuit to reconsider a panel ruling that reversed their class certification, arguing that the panel only reverse... (more story)
A Florida state appeals court has reinstated the original verdict against an attorney husband and wife team for breaching a lease agreement on a rental house and leaving it in disrepair, ruling that a reasonab... (more story)