Real Estate

A unit of Capital Property Group, which owns the Denman Prospect shopping centre in Canberra, has won its bid for subpoenas from lease holders that are fighting its opposition to their plans to sell their businesses.

AVID Residential has secured approval for a 300-lot development in Chisholm, NSW, following an appeal of a deemed refusal by the Maitland City Council.

JB Asset Management has clawed back $3 million from a scuttled real estate deal involving LBA Capital, almost a year after LBA’s director was jailed for fraud.

Property group AVJennings has accepted a trimmed $365 million takeover offer from private equity-backed AVID Property after failing to receive a binding offer from Singaporean developer Ho Bee Land.

Japanese property group Daibiru Corporation has made its second investment in Sydney, acquiring a CBD office tower from real estate investment manager Investa.

Western Australia and its public housing landlord have hit back at a class action alleging Indigenous people in remote communities were overcharged for substandard public housing.

A former Cushman & Wakefield managing director has sued the commercial real estate broker, alleging he was unfairly terminated to prevent him from keeping a $1.5 million sign-on bonus.

A Dexus property fund has argued that a judge went the “wrong way” in deciding that it was forced to sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail. 

A former Cushman & Wakefield managing director has filed proceedings alleging the commercial real estate broker unfairly terminated his employment to prevent him from keeping a $1.5 million sign-on bonus.

Domain has announced it will recommend shareholders vote to approve a takeover by US real estate company CoStar that values the real estate listing site at $2.8 billion.