“Like a divorce with no prenup”: The story of how a century-old real estate dynasty got divided
On August 19, 2014 lawyers for Robert and Laura Lemle met in a courtroom in Lower Manhattan. Litigation is a fact of life in...
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Ben St. Clair
Inside Kushner Companies’ murky relationship with rent stabilization
Jared Kushner’s habit of not properly filling out paperwork began years before his tenure at the White House. In...
Meet the masters of single-family homebuilding in Brooklyn and Queens
In a city of multibillion-dollar Manhattan skyscrapers, single-family home construction in the outer boroughs often goes unnoticed. But even...
Chinese publisher pays $68M for Midtown dev site
UPDATED, 2:35 p.m., May 24: WanXin Media purchased the Midtown office building and vacant lot at 7-15 West 44th...
Treetop restructures debt on trio of Queens buildings with $55M loan
Treetop Development restructured its debt on three multifamily Queens buildings with a $54.7 million loan from ACORE Capital, documents...
The Bronx is bubbling: Investors are placing huge bets on the borough – but the numbers may not pencil out
The Bronx has become a destination for investors seeking high returns – not only in new development, which is, by any measure booming, but...
NY-Presbyterian stitches up $327M loan for Park Slope facility
NewYork-Presbyterian secured $327 million in financing for its new Park Slope facility, city filings show. Bank of New York...
RGB signals rent increases between 1% and 3% for rent-stabilized, one-year leases
In its preliminary vote Tuesday night, the Rent Guidelines Board voted to increase rents between one and three percent...
Dubai-based brokerage Greenstone sues Mack Real Estate over fees from $100M Saudi Aramco investment
Greenstone Equity Partners is suing Mack Real Estate Group and its affiliate Claros Mortgage Trust (CMTG) over a $1.8 million payment it says it...
MDG, Housing Partnership buy 500-unit Bronx rental for $78M
MDG Design & Construction and the nonprofit the Housing Partnership purchased the 498-unit Michelangelo Apartments rental building in the South...