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Bridges Development Group has snagged a three-story retail and office complex in south Brooklyn for $31 million, a third of what it traded for six years ago. The Manhattan-based investor bought the 226,130-square-foot Kingswood Center at 1630 East 15th Street,...
A game of catch-me-if-you-can between Jed Walentas and Tom Brady’s former manager over a hurricane-damaged Bahamas mansion has come to an abrupt end. The Two Trees Management CEO had been trying to collect a $300,000 arbitration award from Will McDonough sin...
The former owners of a Georgia apartment complex sued Arbor Realty Trust for allegedly locking them into a high-interest loan with the promise of refinancing, only to lead the owners into foreclosure and buy the property from them at auction. Brothers Yisroel ...
The developer behind the iconic Bell Works revitalization in Chicago secured a massive construction loan for a banner condo project on the Jersey Shore. Zucker’s Inspired by Somerset Development snagged a $186 million loan from Madison Realty Capital for the...
To nearly two dozen prospective New York renters, Juan Valoy appeared to be an honest real estate broker. But prosecutors say he was a fake who pocketed $105,000 of their money. The phony broker has pleaded guilty to two cases in Manhattan and in the Bronx for...
When New York enacted a law to create a legal cannabis industry, it took nearly two years to set it up. The first legit dispensary didn’t open until December 2022, and things continued to move like molasses. Aggressive entrepreneurs rushed into the void. Smo...
Speaker Menin and more than a dozen other members of the City Council want to get to the bottom of the Mitchell-Lama cost conundrum. A hearing on affordability across an aging tranche of subsidized housing drew pointed questions from Council members to Housing...
There were 227 transactions totaling $356 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, July 15. 🏆Residential: The top residential sale to hit records was on the Upper East Side where a home at 110 East 78th Street sold ...
Mayor Zohran Mamdani wants to beef up landlord penalties. That’s one of the takeaways from a report released by the administration Thursday based off its “Rental Ripoff” hearings held earlier this year. The administration spoke to 2,400 renters to ...