“Ringing in” a new era

Will a legal battle unravel the coveted Ring portfolio?
By Adam Pincus | June 08, 2012 10:30AM

From the June issue: For a year now, real estate investor Michael Ring has been locked in a legal dispute with Joseph and Eli Tabak, who are trying to wrest control of the 14-building Manhattan portfolio that Ring has long co-owned with his only brother, Frank.

In early 2011, Michael decided to sell the Tabaks a portion of his stake in the roughly $460 million portfolio, which  has notoriously sat nearly vacant for years. [more]