The Real Deal A New York judge has ruled that Sapir Organization, which owns the 260 and 261 Madison Ave office buildings in midtown Manhattan, can sue WeWork Inc, the parent of a unit that had leased space in one of the buildings and two years ago...
Commercial Real Estate Direct Staff Report Bank accounts that were established to hold a total of $628 million investor capital earmarked for Nightingale Properties’ proposed purchase of the Atlanta Financial Center and recapitalization of...
Crain’s New York Business Lenders Arden Group and Corten Real Estate Partners have filed a lawsuit against the troubled Margaritaville Resort hotel in the Times Square section of Manhattan, just two days after the owner of the property filed...
The Real Deal New York State’s effort to revive the 421-a tax incentive program for apartment properties has stalled over disagreements involving construction worker wage requirements The subsidy program had provided tax abatements for...
Commercial Real Estate Direct Staff Report PeerStreet Inc, a crowdfunding platform that specialized in funding bridge loans, initially against fix-and-flip residential properties, then against small commercial properties, has filed for bankruptcy...
The expiration of the 421-a tax subsidy program often used by apartment developers in New York is expected to severely impact the volume of apartment units that get developed in the city One study predicts a 20 percent decline in unit deliveries...
New York City has launched a program designed to incentivize owners of office buildings in the southern half of Manhattan to renovate them Two city agencies, the Economic Development Corp and the Industrial Development Agency, launched what they...
The Real Deal A special referee appointed by a New York Supreme Court judge has ruled in favor of the CMBS trust that holds a $33 million loan against the 155-room Distrikt Hotel in midtown Manhattan The special referee, John A Owens, entered a...
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...
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