Subject: Legal Issues (LEGL)

Massachusetts residents likely will vote in November on whether to overturn a 32-year-old law that banned statewide rent control in the commonwealth. But the state's governor has gone on the record opposing the effort, arguing that what the state needs ...

The controlling-class holder of a 2016 CMBS deal that includes a piece of a $130 million loan in special servicing has sued to halt a proposed workout plan by Rialto Capital Advisors, arguing that it results in the servicer enriching ...

Commercial Real Estate Direct Staff Report The New York City Council last week signed off on a legislative proposal that, if approved by the mayor, would give certain groups a right of first offer or the right to match any ...

Zohran Mamdani, the winner of New York City's mayoral election, has proposed freezing rents at the city's rent-stabilized apartment properties. But that effort could be postponed by some political gamesmanship.

A San Francisco Superior Court judge has approved the sale of the 1,024-room Hilton Parc 55 and 1,919-room Hilton San Francisco Union Square hotels to a venture of Newbond Holdings and Conversant Capital of New York, according to a report ...

Commercial Real Estate Direct Staff Report A ballot measure that would institute statewide rent control at Massachusetts apartments moved one step closer to appearing on the 2026 ballot, as state attorney general Andrea Campbell certified the initiative last week. The ...

Julia Hyman, an associate at Rudin Management, was killed yesterday by gunman Shane Tamura, according to the New York Post. Hyman was one of four people that Tamura killed before taking his own life. The others were Wesley LePatner, chief executive ...

Wesley LePatner, chief executive of Blackstone Real Estate Income Trust Inc., was among those killed in yesterday's shooting at 345 Park Ave. in midtown Manhattan, according to a report in the New York Post. LePatner, 43, was shot and killed ...

Commercial Real Estate Direct Staff Report Owners of rent-stabilized apartment properties in New York City were allowed to increase rents by 3% at units whose tenants sign one-year leases and 4.5% for those signing two-year leases. Rent increases at stabilized ...

Commercial Real Estate Direct Staff Report Section 899, which some have referred to as a retaliatory or revenge tax, has been pulled from the One Big Beautiful Bill budget-reconciliation proposal. Treasury Secretary Scott Bessent yesterday posted on the X.com platform ...