Anglo Irish Bank
Anglo Irish Bank was a financial institution until its wind down and nationalization by the Irish government between 2009 and 2011.
In its role as a financial institution, the Dublin-based Anglo Irish was a major lender on various New York City
projects. These included the Apthorp condo conversion on the Upper West Side; the Rector Square condo conversion in Battery Park City; and the Mark, the Alex and the Flatotel hotels. All total, Anglo Irishs worldwide loan portfolio was $9.65 billion in 2011.
The bank, however, exposed itself to extreme risk during the financial crisis that started in 2008, by lending hundreds of millions of dollars to a handful of wealthy clients under suspicious circumstances, including the doctoring of documents tied to the loans. The ensuing financial trouble not only bankrupted Anglo Irish, but seriously damaged the overall Irish economy. It also led to lawsuits between Anglo Irish and its New York clients.
Former Anglo Irish chairman Sean FitzPatrick was found not guilty of criminal wrongdoing in April 2014, though other top executives, including the chief financial officer, were convicted.
UPDATED, 5:29 p.m., Feb. 2: Making a rare foray into the mortgage world, Aby Rosen and Michael Fuchs’ RFR Holding acquired a $60 million mezzanine...
Though he probably didn’t author the listing for his Battery Park City condominium unit, the language describing Augusten Burroughs’ home includes poetic descriptors such as “condolicious.”...
...at 600 Broadway near Houston Street, provided in 2008 by the now-defunct Anglo Irish Bank and most recently acquired by SunTrust Bank last year. (more...
...loan defaults and $5 million in judgments related to the now-defunct Anglo Irish Bank. (more&hellip...
A Manhattan Supreme Court judge sanctioned an investment group linked to Salim “Solly” Assa after it filed what the court found to be a frivolous...
An affiliate of the Dallas-based Lone Star Funds signed a nearly 76-year ground lease valued at $85.2 million for the land under the Hilton Manhattan...
Developer Shahab Karmely will get another chance to make his case that two former investment partners cut him out of a Tribeca condominium development, for...
Upper West Side residents have banded together in protest of a plan to add four luxury penthouse apartments to the roof of the Apthorp, the...
Maurice Mann, one of the original developers of the Apthorp on the Upper West Side, has lost a bid to buy an apartment at the...
The developers of the Apthorp condominiums want to add four luxury penthouse apartments to the roof of the landmarked Upper West Side complex, and are...
The Setai Wall Street board is suing Zamir Equities, its principals and Ziel Feldman’s HFZ Capital for $5 million for what it contends are construction...
The 203-room Alex Hotel, located at 205 East 45th Street, has sold to an affiliate of the Wyndham Hotel Group for $115 million, The Real...
Joseph Chetrit and David Bistricer have closed on the 46-story, 289-room Flatotel property at 135 West 52nd Street for $180 million, Crain’s reported. A conversion...
...linked to a 2011 judgment for $11 million against the developer by Anglo Irish Bank, the lender at Levy’s failed Rector Square condominium at...
...they failed to respond to subpoenas, after the mortgage lender Anglo Irish Bank was awarded an $11 million judgment against the developer. Lone Star...
Unit owners at the Apthorp condominium on Manhattan’s Upper West Side voted to approve changes to the building’s bylaws that would relieve the property’s new...
The 26-story Beekman Tower Hotel is now on the block for roughly $80 million, the New York Post reported. Located at East 49th Street at...
New York Attorney General Eric Schneiderman won a major decision against developer Yair Levy, as a state Supreme Court judge upheld a 2011 decision that...
...Bank Resolution Corp., the Irish government entity that took over Anglo Irish Bank, sold the Apthorp’s mortgage debt to Arefin U.S...
...luxury condo hotel. Kar took out a $85 million mortgage from Anglo Irish Bank and a $20 million mezzanine loan from WD. (more&hellip...
A state Supreme Court judge has named a receiver to oversee the restoration of the Beaumont, a historic 11-story rental building in Harlem, the latest...
The developers of 20 Pine Street, led by Africa Israel USA, have settled a probe by Attorney General Eric Schneiderman for allegedly covering up construction...
...and Atlas Capital Group. The partnership purchased the debt from Anglo Irish Bank two years ago. (more&hellip...
A New York state Supreme Court judge has appointed a receiver to oversee a Washington Heights rental building, marking the third such appointment in recent...
Swamped in controversy from lawsuits, fraud and foreclosure in recent years, the condominium at 225 Rector Place will re-enter the market later this month, the...
40 Broad Street
Anglo Irish Bank
Party 1 Brokerage
Party 1 Broker
David Lebenstein, Stephen Bellwood, Edward Kent
COMM5 Setai LLC
Party 2 Brokerage
The fifth-floor commercial condo sold for $6.23 million.
Upper West Side
Mann Realty Associates
Anglo Irish Bank, Apollo Real Estate Finance
Anglo Irish Bank provided $393 million in first mortgage financing and Apollo Real Estate Advisors provided $135 million of mezzanine financing for the acquisition and renovation of the 346,910-square-foot landmark building. 12-story, 163-unit apartment building. Includes 390 West End Avenue.
225 Rector Place is a 24-story, 286-unit residential condominium building in Battery Park...
Local lenders New York Community Bank and Signature Bank finished near the head of the pack in the New York City commercial mortgage market last...