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...
Commercial Observer LoanCore Capital has sued the owner of 111 East 59th St in Manhattan’s tony Plaza District, claiming it’s defaulted on a $1934 million loan against the 200,000-square-foot office building The property is owned by a...
Commercial Real Estate Direct Staff Report The SEC has filed charges against Timothy Barton, president of JMJ Development and chief executive of Carnegie Development of Dallas, of operating a fraudulent real estate investment offering The regulator...
Commercial Observer Watchdog group Housing Rights Initiative has filed suit against Tishman Speyer Properties, alleging the New York company, which owns the Jackson Park apartment complex in the Long Island City section of Queens, NY, had violated...
The Real Deal Laguna Point Properties has filed a lawsuit against Barry Shy for failing to disclose a threat of litigation from tenants as well as several defects at the five Los Angeles apartment properties it had purchased from him this past...
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