From left: Michael Shah and Morgan Lofts at 11 East 36th Street

A judge has approved Michael Shah’s bankruptcy plan for two retail condominiums at the Morgan Lofts development in Murray Hill, The Real Deal has learned.

The bankruptcy court ruling allows Shah to sell the units for a little more than $6 million to Manhattan-based Dishi & Sons. The deal must close within 30 days, a representative for Shah’s DelShah Capital told TRD. [more]

DelShah Capital’s Michael Shah and interior images of the Renwick Modern

Renwick Modern, a new 18-unit luxury condominium near Hudson Square, officially launched sales today, according to a release from Brown Harris Stevens Select, which is exclusively marketing the building. Prices range from $1.5 million to $4.1 million. [more]

Michael Shah From the April issue: Michael Shah, principal of DelShah Capital, has been making moves lately — especially with recent acquisitions in the Meatpacking District. In this month’s Meet the Landlord feature, he talks to The Real Deal about his career change from law, the challenges of being a city landlord and his strangest tenant experience…. [more]

From left: Thor’s Joe Sitt, DelShah’s Michael Shah and the Meatpacking District

The impending arrival of the Whitney Museum in the Meatpacking District is prompting a flurry of development activity in the neighborhood, the New York Times reported. [more]

From left: Michael Shah, David Schechtman and 58-60 Ninth Avenue

DelShah Capital has purchased a 10,839-square-foot Meatpacking District building for $18.2 million from Icon Realty Management, the company said today. The property is located at 58-60 Ninth Avenue, near 15th Street, and stands four stories. [more]

1314 Seneca Avenue and Michael Shah (credit: PropertyShark)

DelShah Capital has sold the last of its Bronx properties, this time selling a six-story apartment building in Hunts Point for $6.9 million, according to records filed with the city today. [more]

Michael Shah and 55 Gansevoort Street

A New York State Supreme Court judge yesterday dismissed a lawsuit disputing the ownership of 55 Gansevoort Street, a vacant Meatpacking District building that DelShah Capital is marketing as a possible boutique hotel conversion. The ruling brings an end — at least for now — to a clash between DelShah and Robert Romanoff, a former owner who claimed that the transfer of the property, which had been signed for by his father on the deed, was unauthorized. [more]

From left: Michael Shah, 55 Gansevoort Street, a proposed rendering and Jeffrey Julien

With an ownership dispute ongoing, DelShah Capital is planning to lease a vacant Meatpacking District building to a tenant who could redevelop the five-story property as a boutique hotel, The Real Deal has learned. The 25,109-square-foot building, located at 55 Gansevoort Street, would come with a triple net lease, according to marketing materials. [more]

Michael Shah, principal at DelShah Capital

The real estate investment firm DelShah Capital, whose specialty is acquiring assets tied up in court, paid $3.4 million at auction for a package of 21 three-family homes located in Brooklyn’s East New York.

The houses were auctioned in Brooklyn after developer Thomas Kontogiannis pleaded guilty in 2010 in Brooklyn federal court to conspiracy to commit bank and wire fraud. Prosecutors said Kontogiannis orchestrated an illegal $92 million mortgage scheme using straw buyers and homes in Brooklyn and Queens, defrauding lenders DLJ Mortgage Capital and Washington Mutual. Nine people were charged in the alleged scam, eight of whom pleaded guilty, while one died in the course of the proceedings. A federal judge in 2011 said it appeared to be “one of the largest mortgage-origination frauds on record.”  [more]

Shlomi Reuveni of Brown Harris Stevens and  a rendering of the Renwick Modern

Renwick Modern, a new luxury residential condominium near Hudson Square, is preparing to launch sales, the development team comprised of DelShah Capital and On The Level Enterprises announced today. The 12-story, Philip Johnson/Alan Ritchie Architects-designed building, at 22 Renwick Street, will be marketed exclusively by Brown Harris Stevens Select. [more]