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...
Swig warns of bankruptcy if Square Mile moves on judgment 09/22/09 Kent Swig warns of bankruptcy on Sheffield57Developer Kent Swig warned that he would file for personal bankruptcy
protection if a $28 million judgment on a defaulted loan from ...
Brach hit with subpoena at Spencer Street 09/22/09 Developer Mendel Brach was served with a subpoena last week to collect on a $10.9 million judgment after he allegedly failed to complete necessary repairs and obtain a certifica...
Lender challenges Chapter 11 filing at Levy’s Park Columbus 09/21/09 Yair Levy and Park Columbus condominium at 101 West 87th Street on the corner of Columbus AvenueGarrison Special Opportunities Fund, a Manhattan-based hedge fund, alleges that d...
Judge names receiver in 34 Leonard foreclosure case 09/04/09 A New York State Supreme Court judge late last month ordered the
appointment of veteran corporate attorney Stuart Shorenstein to take
over as receiver of 34 Leonard, the troub...
Fitch downgrades Riverton loan 09/02/09 Laurence Gluck, Riverton Houses in HarlemFitch Ratings downgraded another series of commercial real estate loans, driven in part by concerns that the troubled Riverton Houses ap...
The king of contrarians 09/02/09 From the September issue: Peter Duncan, the president of George Comfort & Sons, would
probably not be faulted by many in the real estate community for
whooping it up with ...
Web hits: The month in review 09/01/09 Fortress buys Sheffield57 at auction for $20M
Following two months of legal challenges and financial turmoil, Fortress Investment Group acquired the controversial Sheffield57 c...
The king of contrarians 09/01/09 Peter Duncan, the president of George Comfort & Sons, would
probably not be faulted by many in the real estate community for
whooping it up with a big “I told you so” to a...
Brokers who are up in a down market 09/01/09 Sean Oakes, a vice president at Halstead Property, is having his best year ever. So far, he's earned nearly 40 percent more than last year, and he's on track to double his 2008 ...
Anglo Irish poised to put Rector Square on auction block 09/01/09 Yair Levy, 225 Rector Square
Anglo Irish Bank filed a motion in New York State Supreme Court earlier this month to complete foreclosure proceedings against Rector Square develo...
Editor's note 08/31/09 In his novel "A Man in Full," Tom Wolfe painted a classic scene (among
those who work in the bankruptcy field, anyway) from the early 1990s
real estate meltdown, of one of the...
Swig appeals Square Mile judgment 08/28/09 Developer Kent Swig and Sheffield57
Former Sheffield57 developer Kent Swig filed an appeal to the New York State Appellate Division to overturn a $28.4 million judgment issued ...
