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Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
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Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Plunging demand for commodity offices in the US is driving growth for the highest-quality properties, a Morgan Stanley executive said.
Nuveen is shifting management of about 3,000 rental houses to Invitation Homes Inc., marking the end of its attempt to launch a new single-family landlord.
Canada’s real estate market is seeing some signs of increased activity, but one economist says a recovery will be gradual until interest rates are firmly moving down.
Jul 11, 2018
Bloomberg News
,(Bloomberg) -- Airbnb Inc., having escaped a major U.S. landlord’s lawsuit over partying tourists at high-end Los Angeles apartments, will have to defend itself against the same allegations by the same landlord in Miami.
A Florida state court judge on Wednesday denied Airbnb’s request to throw out Apartment Investment & Management Co.’s claims under the Communications Decency Act, a federal statute that shields online service providers from lawsuits over content posted by their users.
"The allegations in the complaint suggest that Airbnb does far more than just post listings," Circuit Court Judge William Thomas said in his decision. "A website may not be immune where it contributes materially to the alleged illegality of the conduct."
Airbnb Faces Mega-Landlord Aimco’s Ire Over Partying Tourists
A federal judge in Los Angeles agreed with Airbnb in December that it couldn’t be sued by Aimco, one of the largest residential landlords in the U.S., just because Aimco’s tenants posted rentals that violated their lease agreements. It’s the Airbnb hosts, not the company, who are responsible for the listings, the judge said.
"Despite losing the exact same claims in a California federal court last year, and being denied its demand for an injunction in Florida, Aimco has continued to pursue its anti-tenant policies in this copycat case in Florida," Airbnb spokesman Christopher Nulty said in a statement. "We are confident Airbnb will ultimately prevail in this case, as we did in California, and today’s order does not resolve the case. Instead, it finds only that Aimco’s claims cannot be dismissed based solely on the allegations in its complaint."
The case is Bay Park Plaza Apartments LP v. Airbnb Inc., 2017-003624-CA-01, Eleventh Circuit Court, Miami-Dade County, Florida.
To contact the reporter on this story: Edvard Pettersson in Los Angeles at epettersson@bloomberg.net
To contact the editors responsible for this story: Elizabeth Wollman at ewollman@bloomberg.net, Peter Blumberg
©2018 Bloomberg L.P.