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...
Swig faces another suit on alleged loan default 10/05/09 Embattled developer Kent Swig is facing another lawsuit on an alleged loan default, as RCG Debt IV Non-REIT Asset Holdings filed for a $3.5 million judgment Sept. 23. According ...
SL Green refinances 100 Park Avenue 09/30/09 SL Green Realty said it completed a $215 million deal to refinance 100
Park Avenue, a luxury office tower between 40th and 41st streets that
it owns under a joint venture with...
Lender infighting on the rise 09/29/09 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 lenders battle it out with ...
Swig sues to get pay from Terra Holdings 09/28/09 Developer and Terra Holdings Co-Chairman Kent Swig, has filed suit against an asset management firm for withholding nearly all of his compensation after a restraining order was ...
Leviev under fire by investors at Apthorp 09/25/09 Lev Leviev, the ApthorpIsraeli billionaire Lev Leviev's Africa Israel Group is feeling the heat at the controversial Apthorp on the Upper West Side, as rival investors in the pr...
