Real Estate

A judge has hit Dyldam Developments' former boss Sam Fayad and his two sons with costs after ordering them to pay $50 million in a case by the liquidator of a special purpose vehicle, but awarded costs to payment intermediaries for the liquidator's "manifestly weak" case against them. 

A Queensland property owner whose Morton Bay land was slated to be acquired by the council can recover more than just legal costs under the state's land acquisiton law, an appeals court has found.

Builder Q Group has defeated an application to enjoin it from instructing a law firm which allegedly failed to make a claim on time, with a judge finding a lawyer’s alleged omission did not mean he had a “personal interest” in the outcome of the case.

A tribunal has dismissed a disciplinary case brought against a Brisbane lawyer for allegedly breaking the ‘no contact’ rule and speaking with another lawyer’s client in a debt recovery proceeding.

The liquidators of real estate investment company Global Capital Property Fund have sued the company’s current and former directors, alleging breaches of fiduciary duties in relation to a Queensland development.

A consortium of Ki Corporation and New York Stock Exchange-listed Public Storage has pulled a $2.2 billion offer to acquire Abacus Storage Kings.

Hotelier Mark Barry has sold the iconic Fire House Hotel for a reported $35 million, in the first freehold hotel transaction in North Sydney's CBD in more than 40 years.

Singapore-based developer Maplewood Investments has acquired a 1,398 square metre site in Perth's CBD to develop a premier 835-bed student housing accommodation.

The administrators of the New South Wales Cyprus Community club can sell an inner Western Sydney property of “substantial value”, with a judge finding they are not subject to a condition under the Registered Clubs Act.