Crain’s New York Business New York City government officials are itching to develop a program to replace the now-expired 421-a tax abatement, which had provided tax breaks to developers for including affordable units in their apartment...
The Real Deal Tutor Perini suffered an $83 million loss after a lengthy legal battle over the retail and transit hub at the George Washington Bridge Bus Station in Manhattan’s Washington Heights neighborhood The Los Angeles construction...
Crain’s New York Business New York City’s Rent Guideline Board, which oversees the rates charged at the city’s rent-stabilized apartment units, has suggested allowing property owners to increase rates under two-year leases by 16...
The Real Deal The CMBS trusts that hold $15173 million of debt against Chicago’s Civic Opera Building, a 911,627-square-foot office property, have filed suit against Michael Silberberg as a guarantor on the loan Silberberg heads Berkley...
New York Post The Good Cause Eviction Bill winding through the New York state legislature would cap annual rent increases at New York City apartments at the greater of 3 percent or 15 percent of the increase in the Consumer Price Index The bill...
Crain’s New York Business East Rutherford, NJ, has sued Triple Five Group in an effort to recover what it says is $75 million in payments the developer of the American Dream shopping and entertainment complex owes The massive property, which...
New York Post Manhattan’s famous Flatiron building, at 175 Fifth Ave, will be offered at an auction on March 22 in order to settle a dispute among the 121-year-old building’s owners A group that includes Sorgente Group, GFP Real Estate...
The Real Deal Western Asset Management and South Korea’s Nonghyup Bank have filed a lawsuit against Triple Five Group, seeking repayment of the $389 million of subordinate debt they had provided for the construction of the massive American...
Twitter Inc has been sued by the Columbia Property Trust affiliate that owns the 478,392-square-foot office tower at 650 California St in San Francisco, for allegedly not paying $136,260 of rent, according to a report in the Wall Street Journal...
The former chief auditor of KBS Realty Advisors has been arrested and charged with one count of mail fraud and one count of wire fraud in connection with his alleged theft of $26 million from the Newport Beach, Calif, investment manager Varun...
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