Developers turn to running other people's properties 07/01/09 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 someone else.
The grow...
Web hits: The month in review 07/01/09 Halstead takes bigger bite out of Connecticut market
In a massive grab for market share reminiscent of the recent real estate boom, Halstead Property has gained five offices an...
Brompton buyer sues Related for deposits 06/30/09 The Brompton, the luxury Upper East Side condominium from Related
Companies, is facing litigation from the buyer of four penthouse
apartments, alleging that the developer misr...
Agents chase affordable market 06/26/09 From the June issue: Stung by a wave of condominium defaults and
the collapse of the credit market for jumbo loans, some real estate
brokers are channeling their energies into...
AG reaches rent deal at Sheffield57 06/23/09 Attorney General allows tenants to stay at Kent Swig's (left) Sheffield57Attorney General Andrew Cuomo’s real estate finance bureau ordered a settlement that allows nearly two d...
R Squared faces suit from iStar at 34 Leonard 06/12/09 R Squared Real Estate is facing a foreclosure suit from iStar Financial
for $37.5 million in loans for the conversion of 34 Leonard, a
loft-style co-op apartment and retail bu...
Swig rushes to sell debt at Sheffield57 06/10/09 Swig trying to sell loan at Sheffield57Developer Kent Swig is racing to complete a deal to sell the senior
mezzanine debt at the Sheffield57 condominium to a team led by Fortre...
Billy Macklowe no longer the kid 06/10/09 William Macklowe (left) and with parents Harry and Linda (right)
From the June issue: In June 2008, William "Billy" Macklowe ousted his legendary father,
Harry, as chairman an...
Boymelgreen faces lawsuit over 20 Pine loan 06/09/09 Shaya Boymelgreen is facing a lawsuit over 20 Pine.
Developer Shaya Boymelgreen is facing a lawsuit from Aristone Capital
Funding after allegedly defaulting on a $3.2 millio...
Laurel developer sued over rent 06/05/09 Alexico is the subject of litigation for its Laurel condo at 400 East 67th Street (left). The off-site sales office at St. Tropez, 1161 First Avenue.
Alexico Group is facing ...
Billy Macklowe no longer the kid 06/02/09 In June 2008, William "Billy" Macklowe ousted his legendary father, Harry, as chairman and CEO of Macklowe Properties. A year later, instead of moving the company forward, the y...
Jones Lang LaSalle to manage former Macklowe building 06/01/09 Full-service commercial real estate firm Jones Lang LaSalle was tapped
to take over the management and leasing of the former Macklowe
Properties Midtown building 1330 Avenue o...
Agents chase affordable market 06/01/09 Stung by a wave of condominium defaults and the collapse of the credit
market for jumbo loans, some real estate brokers are channeling their
energies into a different area: af...
Web hits: The month in review 05/29/09 AG forces Sheffield57 to suspend sales
Sheffield57 developer Kent Swig was forced to halt sales after state regulators notified the sponsor that the offering plan at the troubl...
Broker exchange 05/29/09 Residential
Barak Realty
Jeffrey Tanenbaum was promoted to senior vice president from vice president.
Brown Harris Stevens
Andrew Kramer joined the company's West Side ...
Jasper developer sued for back rent 05/29/09 Developer Harry Jeremias, who is fighting a foreclosure proceeding at
his Jasper condominium conversion, is facing a $500,000 lawsuit
alleging he failed to pay rent at his 200...
Guarding the green 05/26/09 From the May issue: As the commercial credit crisis kicks into
high gear in the New York market, SL Green, the city's largest
commercial landlord, has found itself in the cent...
Sheffield57 owners allege Swig illegal withdrawals 05/21/09 Owners at Sheffield57 allege that Kent Swig's Swig Equities improperly withdrew money from the building's reserve fund.
Owners at the Sheffield57 condominium allege that develo...
Rector Square owners threatened with litigation 05/15/09 Tensions have reached a fever pitch at the Rector Square, the
foreclosed Battery Park City condominium, as the court-appointed
receiver and Related threaten to sue a majority ...
AG forces Sheffield57 to suspend sales 05/14/09 Sheffield57 developer Kent Swig was forced to halt sales after state
regulators notified the sponsor that the offering plan at the troubled
West Side condominium had expired, ...
