Sheffield owners sue Swig over $5M in common charges 05/07/09
Sheffield57 developer Kent Swig is facing a lawsuit by two condominium
unit owners who allege that he failed to pay $5.4 million in common
charges on hundreds of unsold apar...
Guarding the green 05/01/09 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 center of a growing storm....
Kimco cuts staff, to sell non-core assets 04/30/09 Kimco Realty, a New Hyde Park, L.I.-based real estate investment trust,
announced today that it has gotten rid of around 90 employees and would
dispose of all non-essential bu...
Web hits: The month in review 04/30/09
Jasper's fate uncertain as condo faces foreclosure
Developer Harry Jeremias is facing a foreclosure suit at the Jasper, the Ismael Levy-designed condominium conversion in Mur...
Cuomo opens probe into Rector Square 04/29/09 Left to right: Andrew Cuomo, Rector Square, Yair Levy
New York State Attorney General Andrew Cuomo has opened an
investigation into the collapse of Rector Square, the Battery ...
Tentative deal reached to sell Windermere 04/22/09 Steve McQueen once lived at the Windermere
Following five months of litigation from state and city regulators, sources say that Toa Construction has reached a tentative deal to...
Relying on receivers again 04/22/09 From the April issue: As default rates surge in New York's
increasingly volatile real estate market, a new generation of troubled
assets is being overseen by the courts. Since...
Jasper's fate uncertain as condo faces foreclosure 04/16/09 Shaun Osher (left) and the Jasper
Developer Harry Jeremias is facing a foreclosure suit on the Jasper,
the Ismael Levya-designed condominium conversion in Murray Hill, after
...
NYC school fund sues Verizon over site 04/14/09 The New York Educational Construction Fund is suing Verizon New York
for more than $53 million, alleging the $172.5 million sale of a
majority stake in 375 Pearl Street in 200...
Swig sued for failing to pay $533K in benefits at 25 Broad 04/09/09 Months after Lehman Brothers filed to foreclose at his 25 Broad
condominium project in the Financial District, developer Kent Swig is
facing additional litigation for failing ...
Yair Levy: Condo king loses crown 04/08/09 From the April issue: For developer Yair Levy, real estate is Act
II. After emigrating from Israel in 1972, at age 22, the current president
of YL Real Estate teamed up with h...
SJP's Platinum faces $1 million-plus lawsuit 04/07/09
The Platinum (right) and its developer, Steven Pozycki, founder, chairman and CEO of SJP Properties
SJP Properties is facing a breach of contract suit by a New Jersey...
Finance broker slashes staff 04/03/09
Riverside South (left) and Riverbank West
HFF, which brokered the $613 million financing for Extell's Riverside South last year, said it cut 10 percent of its workf...
Macklowe versus tenant at 510 Madison 04/03/09
Harry Macklowe (left) and 510 Madison Avenue
Harry Macklowe's Macklowe Properties is embroiled in a court battle with investment firm Jay Goldman & Co., in a di...
Manhattan House buyer sues developer to get out of contract 04/02/09 The financially troubled Upper East Side condominium,
Manhattan House, is facing a $2.5 million lawsuit from a buyer who wants to back out of
her contract amid concerns that t...
Relying on receivers again 04/01/09 As default rates surge in New York's increasingly volatile real
estate market, a new generation of troubled assets is being overseen by
the courts.
Since late 2008, New York...
Mann slated to settle Apthorp lawsuit 04/01/09
Apthorp
Developer Maurice Mann is in advanced negotiations to settle a lawsuit
he filed to block a new loan agreement between rival investor Lev
Leviev and Anglo ...
Yair Levy: Condo king loses crown 04/01/09 Yair Levy was once dubbed New York's "condo king" by some media outlets after developing several Lower Manhattan sites. But his public unraveling began in October with a bizarre...
