distressed properties


The Latest

Rendering of 300 West 122nd Street and Ari Shalam

RWN buys distressed Harlem site at bankruptcy auction

Ari Shalam’s RWN Real Estate Partners emerged as the top bidder in a bankruptcy auction to buy Hans Futterman’s distressed...

RWN buys distressed Harlem site at bankruptcy auction
Investors are coming for your distressed RE

Investors are coming for your distressed RE

The trend has already been playing out in New York for some time, where some of the city’s most prominent developers have stepped in to grab properties from developers who bit off more than...

Investors are coming for your distressed RE
Turning Mayday into payday

Turning Mayday into payday

In December, Kevin Maloney and Kamran Hakim gave up on a development site in Long Island City they’d spent nearly three years assembling. The partners wanted to build a $750 million, 914-foot-tall rental and...

Turning Mayday into payday
10 most distressed properties in NYC

10 most distressed properties in NYC

UPDATED, 5:49 p.m., October 1: Savvy real estate investors made a killing on distressed properties in the wake of the financial crisis. But as the market continues to get stronger — and as distressed...

10 most distressed properties in NYC
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Queens firms sued in alleged foreclosure rescue scam

A Queens resident has filed the first New York City case under the new “distressed-property consultant law,” accusing two...

Queens firms sued in alleged foreclosure rescue scam
From left: 70 West 45th Street and 600 West Fort Street in Detroit, two distressed properties plucked by Chinese investors

Chinese investors scoop up distressed properties

The 2012 purchase of New York’s Cassa Hotel, whose owners were in bankruptcy proceedings, is but one example of Chinese...

Chinese investors scoop up distressed properties
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New York State pledges $60M to help homeowners facing foreclosure

New York State is pledging $60 million over three years to fund counseling and legal services for New York...

New York State pledges $60M to help homeowners facing foreclosure
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U.S. lenders increasingly turn to short sales, benefiting market

Lenders are increasingly turning to short sales for foreclosed properties, providing relief for both the distressed homeowner and the...

U.S. lenders increasingly turn to short sales, benefiting market
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Lawyers with political connections earn large fees as receivers for distressed NYC properties

From left: Mark Lebow, Seymour Boyers, Howard Vargas, Paul Vallone and Marc Landis Lawyers appointed by judges to be receivers of distressed properties typically...

Lawyers with political connections earn large fees as receivers for distressed NYC properties
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New York Community unloads mortgages on Bronx properties, angering city officials

New York Community Bank has unloaded the mortgages on Van Cortlandt Village, three foreclosed Bronx buildings on Sedgwick Avenue,...

New York Community unloads mortgages on Bronx properties, angering city officials
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