The lenders on Midtown’s Shangri-La Hotel have sued developer RFR Holding partners Aby Rosen and Michael Fuchs for at least $145.6 million. The lenders, ING Real Estate Finance and Swedbank AG, filed to foreclose on the hotel last month, but last week they amended the complaint to make Rosen and Fuchs personally liable for the loan and other fees. The developers were planning to build the Shangri-La Hotels and Resorts’ tower at 610 Lexington Avenue at 53rd Street. [more]
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TWEETS
- This week, @DouglasElliman dominates @trdny's "Top Residential Agents" list, scoring three of the top five spots. http://t.co/WuwFfoQI 10:26:54 PM May 25, 2012
- Here's some #NYC residential sales data before you head off to the #Hamptons via @trdny http://t.co/41pt08N4 08:54:27 PM May 25, 2012
- Marcia Gay Harden gets $2.8M for #Harlem townhouse listed by@cathytaub of @StriblingNYC http://t.co/pR718yY4 via @trdny 08:47:36 PM May 25, 2012
- Boymelgreen, Africa Israel settle with @AGSchneiderman over 20 Pine St. construction, but face new $20M suit http://t.co/wYyqrfBP via @trdny 08:16:42 PM May 25, 2012

