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.”...
Bobby Cayre’s Aurora Capital Associates, Alex Adjmi’s A&H Acquisitions and the Chera family’s Crown Acquisitions are refinancing a six-story Soho retail building with a $120...
Lawyers for developers Ben and Izzy Ashkenazy and Izzy’s business partner Jonathan Igus are in talks to resolve potential contempt citations for allegedly failing to appear...
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...
225 Rector Place and Yair Levy
The wife and daughter of developer of Yair Levy have been ordered to appear in court Feb. 21 on...
The Dallas-based Lone Star Funds has filed suit against developer Yair Levy’s wife, Sosana, and his daughter Galit, alleging they failed to respond...
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...
UPDATED: The owners of the Upper West Side’s Apthorp condominium, led by Africa Israel USA, have lost control of the long-troubled Renaissance Revival apartment house...
Metro Loft Management has partnered with a Russian billionaire to buy a long-stalled Tribeca condominium-hotel conversion site. Crain’s reported they have entered a $150 million contract...
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...
Four months after a court ruled debtholders could foreclose on its Alex Hotel and Flatotel properties in Midtown, Alexico Group and its partners have filed...
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...
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.
40 Broad Street
The fifth-floor commercial condo sold for $6.23 million.
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...