From left: developer Peter Moore and 92 3rd Street in Brooklyn

An investment group led by developer Peter Moore is facing a $2.25 million lawsuit in connection with a stalled hotel site in the Gowanus section of Brooklyn.

Brooklyn-based Square One Holding filed suit Feb. 27 in New York state Supreme Court alleging that Team Gowanus, which includes Moore and investors John Sutter and Peter Kovacs, defaulted on the loan by failing to make monthly payments starting in May 2009. [more]

From left: 33 Vestry Street, 471 Washington Street and One North Moore Street

For those still doubting the luxury sales market’s recovery in New York City, and particularly downtown, three boutique Tribeca condos that stalled during the downturn offer some additional evidence. According to the Wall Street Journal, all three buildings — 33 Vestry Street, 471 Washington Street and One North Moore Street — have now nearly sold out, with many of those sales taking place within the last few months. At 33 Vestry, also known as V33, the seventh and last remaining apartment, a $14.95 million penthouse, went into contract late last month. The building initially hit the market in 2007, but in its reincarnation, was strikingly more popular, drawing multiple bidders for each of its last three sales. [more]

Developer Peter Moore and 465 Washington Street

Developer Peter Moore is facing a $4.7 million foreclosure suit after allegedly defaulting at a residential loft project at 465 Washington Street in Tribeca.

VFC Partners, an affiliate of Waco, Texas-based First City Servicing, filed suit Feb. 17 in New York State Supreme Court.

Moore’s predecessor, an entity called Washington Lofts, took out a $2.85 million loan at the building in 2004. By February 2006, Moore acquired the building from Washington Lofts for $6.5 million and agreed to pay the unpaid balance, according to the complaint. He currently owes about $2.5 million on the loan.

The developer planned to convert the upper floors of the five-story building into residential lofts, according to analysts and records obtained through PropertyShark.com. [more]

1 Palma Terrace

From the May issue: Build it green, and they will come. That’s what developers Clontarf Properties hoped when they built a multimillion-dollar, environmentally friendly house in East Hampton without a buyer on the other end. Well, they did come. The house at 1 Palma Terrace — the first Hamptons home to achieve a Platinum certification, the highest standard for environmental building awarded by the U.S. Green Building Council — recently sold for $2.25 million. “With the total square footage and the number of bedrooms and baths, it was probably 10 percent to 15 percent more than the cost of a comparable [nongreen] house,” said Peter Moore, the agent at the Corcoran Group who sold the house. [more]

From the September Issue: In the West 20s, the name “F.M. Ring Associates” is emblazoned on the
sides of numerous buildings. The fading mural-like advertisements look
like relics from a bygone era. Brokers say much of Ring’s valuable
portfolio, most of which is in the prime neighborhoods of Gramercy,
Chelsea and Flatiron, sits strangely empty. This month, The Real Deal looks at the mystery of the Ring family and profiles a host of big under-the-radar players in New York. more