Starwood relocates to Stamford, other businesses may follow 11/19/09 After closing a blockbuster deal to relocate Starwood Hotels & Resorts from its White Plains headquarters to Stamford, Conn., outgoing Stamford Mayor Dan Malloy said the dea...
Davis hit with $17M suit at Kean site 11/18/09 Trevor Davis (center), the old Kean Residence (left) and an early rendering of the proposed development (right)
Davis Development Holdings, led by investor Trevor Davis, is...
Trump faces legal woes at Florida project 11/13/09 Billionaire real estate mogul Donald Trump is facing litigation from a group of 30 buyers who allege he misrepresented his stake in a $220 million luxury condominium project in ...
Alexico faces lawsuits at the Laurel 11/12/09 Alexico Group is facing a federal lawsuit from two Toronto-based buyers looking to back out of their apartment contract at the Laurel condominium at 400 East 67th Street at Firs...
Mann sued over Apthorp brokerage fees 11/06/09 Developer Maurice Mann is facing a lawsuit for allegedly failing to pay $400,000 in commissions and fees to Blue Rock Properties, a Manhattan-based brokerage that in 2007, helpe...
Coney Island housing complex gets $21M to stay affordable 11/02/09 From left, Brooklyn Beep Marty Markowitz, State Sen. Diane Savino, Rep. Jerrold NadlerCity officials announced a $21 million deal today to renovate the Luna Park housing complex...
Real estate's bright (and not so bright) ideas 10/30/09 New York's real estate market is at something of a crossroad. For more
than a year now, the industry has been dealing with the fallout from
Wall Street and the credit crisis, ...
Fitch downgrades CMBS deals backed by Stuy Town 10/30/09 Fitch Ratings today downgraded three CMBS deals backed by Stuyvesant Town and Peter Cooper Village following the Court of Appeals ruling earlier this month that the owners illeg...
Broker exchange 10/29/09 Residential
AC Lawrence & Company
Daniel Abrams, Canan Aktas, Khalid Bouayad, Abigail Curran and Concepcion Mauro joined the firm as sales agents.
The Corcoran Group...
Madison Square Park area hotel-condo hit with foreclosure 10/29/09 Inland Mortgage Capital filed suit earlier this week to foreclose on a luxury hotel-condominium project near Madison Square Park. The suit, filed in New York State Supreme Court...
M & M breaks ground on $10M Newark mixed-use development 10/27/09 From left: Newark Mayor Cory Booker at Harmony Square's groundbreaking, a rendering of phase I of the development at the corner of Third and Broad streets, and M & M Develop...
Jeremias faces foreclosure suit in $48M office tower default 10/26/09 Embattled developer Harry Jeremias is facing a new round of litigation for allegedly defaulting on $48 million in loans from Bank of America, used to purchase and renovate a 13-...
Priciest, cheapest units to hit the market 10/23/09 The priciest Manhattan home to hit the market this week is a five-bedroom, five-bathroom Upper East Side co-op unit, according to Streeteasy.com. The unit at 998 Fifth Avenue is...
Swig dealt blow in $32M Square Mile judgment case 10/22/09 Developer Kent Swig was denied a motion to reargue or stay enforcement of a $32 million judgment by Square Mile Structured Debt yesterday. New York State Supreme Court Judge Ber...
Buyer sues Extell for deposit at Rushmore 10/09/09 Already battling at least 34 buyers trying to back out of their sales contracts, Extell Development is facing a lawsuit from a Wall Street executive claiming that the Rushmore c...
Lender infighting on the rise 10/09/09 From the October issue: As the real estate industry scrambles to unwind billions of dollars in
distressed inventory, a number of high-profile deals are stuck in
neutral as len...
