David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
Subject: Legal Issues (LEGL)
New York City Mayoral Candidate Mamdani Proposes Rent Freeze at Certain Apartments
Zohran Mamdani, the evident winner of New York City's Democrat mayoral primary, has staked some positions that could jeopardize the city's housing sector. Chief among them is his proposal to freeze rents at apartment units that are subject to the ...
Former Vornado Exec Charged with Embezzling Funds
The Real Deal Jared Solomon, a former vice president in Vornado Realty Trust's leasing office, has been charged with stealing millions of dollars from the company. Solomon was indicted by the U.S. District Court for the Southern District of New ...
JPMorgan Claims It was “Victim” in Troubled $221.1Mln CMBS Loan
Commercial Real Estate Direct Staff Report JPMorgan Chase Bank, which earlier this year was the subject of a lawsuit seeking to have it buy back a $221.1 million loan against an apartment portfolio, has filed a motion to dismiss one ...
Starwood Wins $27.1Mln Judgments Against Tides Equities Co-Founders Over Texas Apartments
The Promote Sean Kia and Ryan Andrade, co-founders and principals at Tides Equities, are personally on the hook for at least $27.1 million after losing lawsuits that Starwood Property Trust filed against them regarding two Texas apartment properties. The suits ...
Trustee of 2019 CMBS Deal Sues JPMorgan, Seeks Buy Back of Troubled $221.1Mln Loan
Commercial Real Estate Direct Staff Report Investors in a 2019 CMBS deal that holds what is now a $221.1 million mortgage against a portfolio of 43 apartment properties owned by Chetrit Group have sued JPMorgan Chase Bank, claiming the bank ...
Cooper Union Gets Court OK to Bounce RFR from Manhattan’s Chrysler Building
Crain's New York Business Cooper Union, which owns the ground beneath the 1.2 million-square-foot Chrysler Building in Manhattan, has been given a court's okay to evict RFR Holding from its leasehold interest. Cooper Union last year had claimed that RFR ...
Feil Hit with Foreclosure Suit Over Chicago’s 10 South LaSalle Office
Crain's Chicago Business A foreclosure lawsuit has been filed against the owner of the 781,426-square-foot office building at 10 South LaSalle St. in Chicago. The suit claims that Feil Organization, the New York company that owns the property, has defaulted ...
Latest Legislation Tightens Screws on New York Apartment Owners
About one-third of New York's 2 million apartment units were impacted by the Housing Stability and Tenant Protection Act, which among other things, tightened rules regarding the rents landlords can charge tenants.
Chetrit Group Could Lose Manhattan’s Hotel Carter to Lender
Crain's New York Business Mack Real Estate Credit Strategies has filed a lawsuit against the owner of the 570-room Hotel Carter at 250 West 43rd St. in Manhattan. The New York lender claims that the property's owner, The Chetrit Group, ...
Ailing Office Properties Face Lower Tax Bills
As the office sector continues to reel, it's having what some might consider an unintended consequence: reduced tax revenue for municipalities. A recent property sale in San Diego brings the issue to light.
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
