The New York State Legislature this week agreed on a $212 billion state budget that does not include a recording tax for mezzanine loans and preferred-equity investments for commercial real estate properties The New York State Assembly and Senate,...
The SEC last week formally charged Seth P Levine, a New Jersey apartment investor, with defrauding investors from whom he had raised capital Most of his investors were members of the Orthodox Jewish community and had invested “millions based...
Only 114 applications for conditional green cards through the country's EB-5 visa program were processed during the first nine months of last year That's down 952 percent from the 2,386 applications during the first nine months of 2019, and was due...
Crain’s New York Business The Trump Organization has sued footwear company Marc Fisher for unpaid rent at the Trump Tower mixed-use building in Manhattan The suit, filed in New York State Supreme Court in Manhattan, alleges that Fisher owes...
Crain’s New York Business A venture of Savitt Partners and French billionaire Marc Ladreit de Lacharriere has sued Italian clothing company Valentino, claiming it is owed $207 million for a broken lease and damages at 693 Fifth Ave in...
The SEC yesterday filed a civil suit alleging that Morningstar Credit Ratings in 2015 and 2016 had allowed for undisclosed adjustments to its CMBS ratings model, impacting the ratings it assigned to 30 deals totaling $30 billion The regulator also...
The Real Deal Stawski Partners has settled a dispute with Gap over unpaid rent at the clothing retailer’s store at 1212 Sixth Ave in Manhattan The New York investment firm, which owns the building, had filed a lawsuit in the Southern District...
The Real Deal Olmstead Properties has filed a lawsuit claiming Dylan’s Candy owes more than $200,000 in unpaid rent for its corporate office at 315 East 62nd St in Manhattan The New York company alleges that Dylan’s vacated its space in...
The Real Deal New York governor Andrew Cuomo is considering allowing restaurants in New York City to resume indoor dining as early as next week The plan would be to limit indoor capacity to 25 percent Cuomo last month suspended indoor dining in the...
Crain’s New York Business Simon Property Group has sued L’Occitane Inc, claiming the skin-care retailer owes more than $37 million in unpaid rent at 40 shopping centers owned by the Indianapolis retail REIT across the country The...
