REBNY to hear appeal of Beame commission case tomorrow 08/24/09 Left to right: Manhattan Residential's Shai Shustik, Elliman's Stanley Ginsberg, 140 Thompson Street, former New York City Mayor Abraham BeameThe Real Estate Board of New York i...
Court gives hope to Manhattan House tenants 08/13/09 Manhattan House and attorney Adam Leitman Bailey (Building photo source: PropertyShark.com)
A group of 24 market-rate tenants at the struggling Upper East Side condominium Manh...
Fitch warns Midtown loans face default 08/10/09 Fitch issued warnings about loans backed by One Park Avenue (left), 575 Lexington (source of building photos: PropertyShark) Fitch Ratings warned today that loans backed by One ...
NYC real estate in brief 08/10/09 Platinum Equity has
relocated its New York offices from 250 Park Avenue to the
8,000-square-foot penthouse of 52 Vanderbilt Avenue. Also, Governor Paterson announced today tha...
Fortress buys Sheffield57 at auction for $20M 08/06/09 From left: Kent Swig, Yair Levy, Serge Hoyda and Sheffield57Following two months of legal challenges and financial turmoil,
Fortress Investment Group acquired the controversial...
Can Aby Rosen keep his star power? 08/04/09 From the August issue: In both real estate and art circles Aby Rosen's reputation precedes
him. The 48-year-old, silver-haired Rosen is a legendary art collector
and boldfaced...
Activity flattens out 07/31/09 The sharp rise in leasing activity in June was a welcome shift from the anemic figures of prior months, but early reports from last month showed that the surge has leveled off, ...
Can Aby keep his star power? 07/31/09 In both real estate and art circles Aby Rosen's reputation precedes
him. The 48-year-old, silver-haired Rosen is a legendary art collector
and boldfaced name who has successfu...
Broker exchange 07/31/09 Residential
AC Lawrence & Company
Antonio del Rosario joined the firm as a partner and president of the sales division. He was previously with Barak Realty.
Barak Re...
Sapir stares down the slowdown 07/31/09 While it seemed to start well, 2009 has been a rough year thus far for
the Sapir Organization, the family-owned real estate empire led by Alex
Sapir and his enigmatic father T...
Judge denies Sheffield57 injunction, paving way for auction 07/30/09 Developer Kent Swig won a major legal challenge this morning as a state
Supreme Court judge denied a request by investors Yair Levy and Serge
Hoyda to question him under oath ...
Two co-ops sue Downtown Properties 07/29/09 377 West 11th Street (left) and 115 Spring Street are suing Downtown Properties.
Downtown Properties, a Manhattan-based residential management firm, is
facing at least two l...
Square Mile wins $28.4 million judgment against Swig 07/22/09 A New York State Supreme Court granted a $28.4 million judgment Friday
against developer Kent Swig after he defaulted on a personal loan from
a real estate investment firm led...
Developers turn to running other people's properties 07/21/09 From the July issue: With construction on hold at many New York projects, a growing number
of developers and brokers are getting into the business of running
properties for so...
What's next for Rockrose? 07/16/09 From the July issue: In 1970, Houchang "Henry" Elghanayan, then about 30 years old, founded
a real estate company along with his younger brother Thomas, and was
joined later b...
Sheffield57 foreclosure clears hurdle, but others remain 07/15/09 A state Supreme Court judge rejected a request to appoint a receiver to
complete the Sheffield57 condominium conversion, a decision that could
help clear the way for Fortress ...
Judge agrees to hear arguments to stop Sheffield57 auction 07/09/09 Kent Swig, Yair Levy, Serge Hoyda
A state Supreme Court judge has agreed to hear arguments July 20 to block the auction of the Sheffield57’s senior mezzanine debt and force F...
Rosen named president of Polar USA after Africa Israel exit 07/01/09 Former Africa Israel USA chief executive Rotem Rosen has been named
president of Polar USA/HFZ Capital, The Real Deal has learned. Polar is a unit of Israel-based Polar-ZSG Gro...
What's next for Rockrose? 07/01/09 Over its 39-year history, Rockrose built itself into one of the biggest
residential success stories in New York real estate. The company has 20
residential apartment buildings...
