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Heritage Equity Partners’ Toby Moskovits, Benefit Street Partners real estate managing director Micah Goodman, and the Williamsburg Hotel at 96 Wythe Avenue (Credit: Google Maps)

Toby Moskovits’ Williamsburg Hotel is headed for receivership following $68M loan default

Months after defaulting on a $68 million mortgage and failing to secure refinancing, Toby Moskovits’ Heritage Equity Partners is set to see management of...

Toby Moskovits’ Williamsburg Hotel is headed for receivership following $68M loan default
119 West 25th Street

Flatiron office property slated to hit foreclosure auction block

(Updated at 10.20 a.m. on October 22 with auction date) A Flatiron District office building one block from Madison Square...

Flatiron office property slated to hit foreclosure auction block
UWS rental building to hit foreclosure auction block

UWS rental building to hit foreclosure auction block

An 81,339-square-foot Upper West Side apartment building is set to hit the foreclosure auction block next month with an...

UWS rental building to hit foreclosure auction block
Defaulted homeowners more likely to stay at home

Defaulted homeowners more likely to stay at home

Lenders have become more willing to keep defaulted homeowners in their own homes, the New York Times reported, marking a...

Defaulted homeowners more likely to stay at home
Extell’s Belnord no longer in distress

Extell’s Belnord no longer in distress

Extell Development’s Belnord and Kushner Companies’ 666 Fifth Avenue both made it off Trepp’s list of distressed properties for...

Extell’s Belnord no longer in distress
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U.S foreclosure filings take small dip in November, but trouble looms

Seasonal factors depressed new national foreclosure filings in November, according to a report released today by RealtyTrac, but storm...

U.S foreclosure filings take small dip in November, but trouble looms
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Foreclosure filings jump as lenders correct paperwork issues

Foreclosure filings jumped 7 percent nationwide in October from the previous month, but remain nearly 31 percent below last...

Foreclosure filings jump as lenders correct paperwork issues
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SE Queens still struggling with foreclosures

While many parts of the nation are seeing a decrease in the number of mortgage defaults and other home...

SE Queens still struggling with foreclosures
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NYC sees near 20% drop in foreclosures, Queens sees dramatic drop in activity

New York City saw 1,541 foreclosure filings in May, marking an 18.25 percent plummet from May 2009, according to...

NYC sees near 20% drop in foreclosures, Queens sees dramatic drop in activity
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U.S. commercial defaults spike in 1st quarter

Source: FDIC The rate of default on U.S. commercial mortgages jumped to 4.17 percent in the first quarter of...

U.S. commercial defaults spike in 1st quarter
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