Region

A private investor has paid $71 million for a 50 per cent stake in the Sunshine Marketplace shopping centre in Melbourne's west.

Corrs Chambers Westgarth has lost its bid to knock out a long-running negligence case by a former client, with a judge finding that he was properly vested with the cause of action.

A court has approved Eloura Developments' 179-unit housing development in Sydney’s Inner West, which makes use rules allowing increased floor space ratios and heights for developments that supply affordable housing. 

Lawyers for Forte Sydney Construction are ceasing to act for the developer, which is being sued by the liquidators of collapsed real estate fund manager iProsperity seeking to recover more than $3 million.

A lawyer who initially refused to accept evidence that his client lacked legal capacity has been fined $2,500 and reprimanded by the Queensland Civil and Administrative Tribunal for unsatisfactory professional conduct.

Dexus’ industrial real estate trust has bought a half-stake in an industrial estate in NSW for $49.6 million from its manager. 

Judo Bank has failed to secure an injunction against a disgruntled customer who launched a billboard campaign against it amid a dispute about a loan for a $65 million property.

An adjudicator’s finding that it had no jurisdiction to rule on a payment claim in a dispute over a Sydney development was a binding determination under SOPA, an appeals court has said in upholding a decision that a builder’s pursuit of a second, favourable adjudication was an abuse of process.

A Sydney developer has been slapped with orders preventing it from selling the ‘Honeycomb Terraces’ in order to preserve the funds available to the owners corporation, which is seeking damages over defects at the allegedly contaminated site.

Amid a dispute over a $52 million mixed-use project in Melbourne, builder LU Simon has secured a court's approval to pay the developer cash equivalent to two bank guarantees in exchange for return of the security.