Assign modules on offcanvas module position to make them visible in the sidebar.
If there is one thing that key players in the New York City real estate market know how to do it’s to flex their litigation muscles in order to broker their place in one of New York’s most competitive and bellicose sectors. The year 2016 ushered in a fresh set of lawsuits, among the most contentious of which was this year’s housing lawsuit involving the $5.3 billion sale of the Stuyvesant Town-Peter Cooper Village Black Stone group and Ivan hoe Cambridge.
The Claimants, Pershing Square Capital Management and Winthrop Realty Trust alleged that they had been hoodwinked out of substantial profits made out of the sale of the property; alleging damages in the amount of $500 million, the complaint alleged that Pershing Square Capital
Acuity Capital Partners acquired a six story building at 440-450 Audubon Avenue in Washington Heights for $20.8 million, or $314 per square foot from Crest Realties and Quantum Equities according to The Real Deal.
Crest Realties and Quantum Equities had acquired the property at a 2012 auction as part of a $7.8 million deal. Acuity Capital Partners ended up buying the building for three times its purchase price at that auction.
The 66, 240 square-foot building has 68 rental apartments and
With the giant law firm White & Case planning to move out of 1155 Sixth Avenue in 2017, the Durst Organization is investing $110 million to update the whole building in order to keep up with competition.
Over 92 percent of the 790,000-square-foot, 1984-vintage tower is leased, and with White & Case leaving a giant portion, more than 300,000 square feet, will be freed up.
The Post reports, “Many of the improvements to the black granite-facade tower are already visible, including a
On Thursday, December 15, an indictment was unsealed charging Shalom Lamm, Kenneth Nakdimen, and Volvy Smilowitz, a/k/a “Zev Smilowitz,” with conspiracy to corrupt the electoral process, in connection with an election in Bloomingburg, New York. Lamm and Nakdimen were in the process of building 396 townhouses in the small village of 420 inhabitants in Sullivan County in the foothills of the Catskills. While Smilowitz was described as a business associate of the developers. Preet Bharara, the
Amidst a decline in its print business, the New York Times is selling off at least eight floors of its corporate headquarters in Manhattan. At least 400 New York Times employees will have to be temporarily moved to nearby offices while the building is rearranged. According to a letter the Times sent to its employees, the current office setup was found to make employees “less collaborative” and it was simply “too expensive to occupy this many floors when we don’t truly need them.” But, the