Emerald Equity siphoned security deposits at now-bankrupt buildings
Instead of setting aside $470,000 in security deposits at 11 East Harlem buildings, Isaac Kassirer’s Emerald Equity Group says...
Distress
The Latest
Bank forecloses on Prodigy’s AKA United Nations hotel building
UPDATED, Feb. 10 2021, 7:30 p.m.: Canadian Imperial Bank of Commerce has moved to foreclose on a Manhattan hotel...
HFZ loses control of 4 Manhattan condo projects
HFZ Capital Group has lost control of four Manhattan condo conversion projects as the developer fights for survival amid...
7 Manhattan hotels head to auction block
Seven Manhattan hotels are hitting the auction block. The portfolio, owned by a joint venture between Hersha Hospitality Trust and Chinese investment firm Cindat Capital Management, is scheduled to be auctioned on Jan. 21...
National
Simon Ziff on distress investing: “Do a lot of homework”
In the first installation of TRD Tips, Simon Ziff sat (virtually) with The Real Deal‘s editor-in-chief Stuart Elliott to give...
National
Private credit funds expect rush as property loans come due
With real estate loans coming due and developers scrambling for cash, private credit funds are gearing up for a...
Vanbarton takes control of Prodigy Network’s William Street hotel
Vanbarton Group has taken control of a Manhattan hotel building backed by investors in the near-defunct crowdfunding platform Prodigy...
National
Alex Rodriguez and Adi Chugh join $650M hotel fund
Retired baseball superstar Alex Rodriguez found his latest real estate investment. Rodriguez’s A-Rod Corp and joint venture partner Adi...
National
“A culling of the weaker assets”: Where hedge funds are investing
It’s a loan buyer’s market and hedge funds are ready to make a deal. Companies are looking to provide...
National Issue
Family offices are gearing up to pounce on distressed real estate
The world was still feeling the aftershocks of America’s subprime mortgage crisis when Julien Haccoun landed his MBA and...