According to news sources, the Association of County Commissions of Alabama (ACCA) has filed a legal document with the Alabama State Supreme Court, arguing that a judge’s order to halt the construction of a state bridge in Gulf Shores violates the constitutional separation of powers. The order, issued by Montgomery County Circuit Judge Jimmie Pool […]
Sometimes landlords miss their rent payments too. According to news sources, the owner of a massive office complex in Chicago has been hit with a foreclosure lawsuit alleging it defaulted on its nearly $115 million mortgage, one of the largest examples of office distress ever in the Chicago suburbs. A venture of Canadian real estate […]
According to new sources, NBCUniversal, its CNBC show “The Profit” and its frontman, entrepreneur Marcus Lemonis, have prevailed in a legal dispute with one of the show’s contestants. An arbitrator in May dismissed fraud and breach of contract claims that were brought by the bankruptcy trustee of Precise Graphix, a Pennsylvania interior decor manufacturer that […]
In today’s business world, many things are virtual. But as one company recently found out, the business lease isn’t one of them. A Brick & Timber affiliate landlord is seeking more than $20 million in damages, including unpaid rent, against its tenant, Amyris, according to a lawsuit filed last month in Miami-Dade County Circuit Court. […]