Westchester & Fairfield Cheat Sheet: Developer pleads guilty in $70M fraud scheme, $13.7M sale of White Plains office building closes via online auction … & more

TRD New York /
Sep.September 14, 2017 05:50 PM

Clockwise from top left: The proposed Barbara Walters Campus Center in Yonkers, Cross Street Medical Center in Norwalk, developer John DiMenna, and 75 South Broadway in White Plains.

KABR sells White Plains office building for $13.7M via online marketplace Ten-X
West Caldwell, New Jersey-based private equity real estate firm KABR Group this week sold a four-story office building at 75 South Broadway to Zef Perlleshi for $13.7 million. KABR’s Westchester Business Center will remain in the building, which is reportedly 96 percent occupied. Other tenants include the New York Department of Education, General Services Administration and New York Worker’s Compensation Board. Dan Lessing of DSR Group brokered the deal, which was closed via Ten-X Commercial, a digital real estate marketplace. [Ten-X Commercial]

Anchor Health buys Norwalk medical building for $23M
The Cross Street Medical Center in Norwalk, which is home to more than 100 physicians and clinics, was bought by Charlottesville, Virginia-based Anchor Health Properties for $23 million. Newmark Knight Frank represented the sellers, Marcus Partners, in the deal for the 70,000-square-foot facility. [The Hour]

Developer pleads guilty in $70M fraud scheme in Bridgeport
John DiMenna, a real estate developer from Vero Beach, Florida, faces up to 50 years in prison after pleading guilty in a federal court in Bridgeport to two counts of wire fraud. Through companies including Seaboard Realty LLC, Seaboard Stamford Investment Group and Seaboard Properties Group LLC, DiMenna “engaged in a scheme to defraud investors and financial institutions,” said U.S. Attorney for the District of Connecticut Deirdre Daly. The prosecution said DiMenna’s investors lost approximately $28 million and lenders lost approximately $41 million, Westchester Business Journal first reported. [WBJ]

Zoning meeting on Fairfield apartment development devolves into shouting match
Fairfield’s Town Plan and Zoning Commission meeting this week was meant to debate changes that would allow for a 118-unit apartment building to be built at the former Knights of Columbus property on Unquowa Road. However, the meeting ended up with one commissioner accusing chairman Matthew Wagner of threatening him over the phone the night before, Fairfield Citizen reported. Another commissioner said vice chairman Gerry Alessi was too cozy with the developer. “We don’t need a godfather on the commission making deals with developers,” commissioner Jim Kennelly said. Post Road Residential, the developer of the proposed project, had no comment. The vote on the zoning amendment was tabled for a later date. [Fairfield Citizen]

Kolich Holdings buys 3 Stamford office buildings for $7.6M
Three Stamford apartment buildings were sold to Bridgeport-based Kolich Holdings this week for $7.6 million, adding a total of 52,000 square feet to its portfolio. Kolich plans to renovate the buildings, two of which are on High Ridge Road. The other is located at 1 Bank Street. Enzennio Mallozzi of Colliers International’s Stamford office brokered the deal. [WBJ]

Sarah Lawrence asks Yonkers for approval to build Barbara Walters Campus Center
The Barbara Walters Campus Center will be 34,800-square-foot home for students and faculty if Yonkers officials approve the plans from Sarah Lawrence College. Construction on the proposed $35 million project on Kimball Avenue is expected to begin in early 2018. Walters, a Sarah Lawrence alumnus who became one of ABC News’ biggest stars, donated $15 million for the project in 2015. [LoHud]

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