Real Estate

Real estate giant Cushman & Wakefield has settled a suit by a former managing director who alleged he was unfairly terminated to prevent him from keeping a $1.5 million sign-on bonus. 

Investors in Falcon Capital's First Guardian Master Fund will recover less than 10 per cent of a $33.5 million loan advanced to an inexperienced Melbourne developer, under a settlement reached by the company's liquidators.

Investors in Falcon Capital's First Guardian Master Fund will recover less than 10 per cent of a $33.5 million loan advanced to an inexperienced Melbourne developer, under a settlement reached by the company's liquidators.

The Boroondara City Council has sued over a James Packer-backed residential development slated for construction in the heart of Kew Junction, alleging the planning minister wrongly accepted that adjoining land could be utilised in the development. 

Gilbert + Tobin has launched a dedicated multidisciplinary real assets team to advise pension funds, sovereign wealth funds and others on real estate and infrastructure investments, saying the line between the investment classes has "all but disappeared".

A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has reached an in-principle settlement two weeks out from trial. 

Criminal proceedings have been lobbed against Netstrata and managing director Stephen Brell, accusing the strata management company of conflicts of interest in connection with payments from contractors.

MA Financial unit Redcape Hospitality has secured a major hotel haul, scooping up seven Hunter, NSW venues from Sam Arnaout's Iris Capital worth a reported $500 million.

An appeals court has ordered Colliers to pay a former director more than $110,000 for serving as agent on a lease at the Westfield in Sydney's CBD, which he did not receive after he left the firm in 2016.

The City of Melbourne will oppose amendments to Lendlease’s $263 million Swanston St tower due to “unacceptable impacts” on views, including overshadowing Federation Square and the Flinders Street steps.