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The Real Deal New York
111 West 57th Street
The 10 most notable New York real estate lawsuits of 2018
December 31, 2018 12:30PM
Don’t like the deal? See you in court. At least that’s the approach some real estate execs took this year. Brokers, investors and developers...
A Russian oligarch’s guide: How to hide $20M in a NYC skyscraper
December 20, 2018 07:00AM
Konrad Putzier and David Jeans
A former banana importer, a fraudster deported from the United States and the co-owner of a major Russian telecommunications company. Sergei Adoniev is all...
Stern, Maloney notch huge legal victory in fight over 111 West 57th Street
October 29, 2018 02:01PM
In the latest win for the developers of 111 West 57th Street, a federal court judge on Friday tossed AmBase Corporation’s lawsuit that accused...
White onyx, velvet walls and champagne: 111 West 57th finally launches sales
September 13, 2018 06:30PM
Seated in a cream-colored club chair with his back to Fifth Avenue, Michael Stern soberly turned to the crowd of reporters. “It’s been a...
Reverse psychology? Prices raised at 111 West 57th ahead of sales launch
August 15, 2018 06:00PM
The luxury market may be limping along, but the developers of 111 West 57th Street are raising prices. The markup affects a dozen apartments...
Aerial warfare: Corcoran Sunshine files $30M suit at Billionaires’ Row supertall
June 21, 2018 09:47AM
Corcoran Sunshine Marketing Group is suing the developers of a supertall condominium at 111 West 57th Street for $30 million, alleging that self-sabotage, infighting...
Madison invests $90M in 111 West 57th
May 23, 2018 03:30PM
Josh Zegen’s Madison Realty Capital agreed to invest $90 million in the troubled condo project 111 West 57th Street. The deal allows developers Michael...
Construction firm working on some of NYC’s biggest projects accused of stealing wages, cheating state out of $8M
May 16, 2018 12:15PM
A Queens-based construction company working on 111 West 57th Street allegedly stole $1.7 million in wages from its workers and cheated the state out...
Building in the shadows: 3.2M sf of new construction being built with this permit
May 16, 2018 07:00AM
Among the many skyscrapers sprouting up along “Billionaires’ Row,” there is one that’s technically not a new building at all. JDS Development Group and...
Hedge fund sues AmBase over 111 West 57th Street investment debacle
April 06, 2018 05:45PM
The legal war over 111 West 57th Street is opening along another front. Hedge fund IsZo Capital sued Richard Bianco, the head of...
AmBase, former investor in 111 West 57th Street, could face ruin
March 30, 2018 06:11PM
Less than a year after AmBase Corporation lost its stake in the supertall condominium project 111 West 57th Street, the Connecticut-based holding company may...
AmBase may try to sell its 111 West 57th Street “interest”
January 31, 2018 06:10PM
Does anyone want to buy some lawsuits? AmBase Corporation, an investor in the supertall condominium project 111 West 57th Street, is considering selling its...
Developers of 111 West 57th Street supertall notch court victory over investor
January 24, 2018 09:00AM
The owners of 111 West 57th Street notched a major court victory last week when a New York Supreme Court dismissed Ambase Corp.’s latest...
The 10 juiciest real estate lawsuits of 2017
December 21, 2017 11:30AM
Will Parker and Chava Gourarie
Real estate players are among New York’s most litigious characters and 2017 was no exception to that. Family feuds, angry partners and jilted tenants...
The obscure investor who could sabotage NYC’s second-tallest planned condo tower
November 13, 2017 07:30AM
From the November issue: For a giddy instant in 2013, an obscure investor rose to new heights after paying $56 million for a majority stake...
Paydirt: Soho’s billion-dollar abyss, the offshore $ fueling the condo boom, and other top industry news you need to start your week
October 23, 2017 01:15PM
Soho’s billion-dollar abyss: “Out of all the neighborhoods in Manhattan, Soho in particular had the charged atmosphere of a movie set, populated with passersby...
How the supertall at 111 West 57th St. became a labyrinth of offshore wealth
October 19, 2017 07:00AM
In 2002, Andy Ruhan, a British real estate mogul and racecar driver, fell out of the sky. His helicopter crashed in the West Midlands,...
Investor in 111 West 57th Street may lose stake after court ruling
August 30, 2017 09:27AM
A judge struck down Ambase Corporation’s bid to block a strict foreclosure on the Midtown luxury condo development 111 West 57th Street Tuesday, meaning...
Judge delays 111 West 57th Street foreclosure ruling
August 15, 2017 05:51PM
Is Michael Stern and Kevin Maloney’s supertall condominium project 111 West 57th Street heading into foreclosure? We’ll have to wait in suspense a little...
The quiet financier behind New York’s second-tallest condo project: Qatar
August 03, 2017 04:30PM
The most ostentatious projects in Manhattan may reflect the wildest ambitions of local developers, but they’re increasingly bankrolled by centers of wealth and power...
PHOTOS: REBNY’s 123rd annual gala
Knotel has quietly inked 160K sf in leases since December
These are some of the most notable resi sales of the week
Breather taps former mattress startup executive for CEO role
Inside REBNY’s 2019 gala
January 2019 issue
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