Construction & Design
Construction execs indicted for impersonating minority-owned businesses
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Two construction company executives allegedly stole millions of dollars in public works contracts by stealing the identity of two minority-owned businesses
Residential
DONE DEALS: Round of the week in residential sales
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It never pays to judge a book by its cover, according to Citi Habitats agent Carey Larsen, who recently sold unit #3C at 72 Berry Street in Williamsburg
Deals & Dealmakers
World looks on as EB-5 stalls
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A mounting backlog in EB-5 funding applications from Chinese investors has sent borrowers on a global search of new money to fund their projects.
Debt & Equity
Metropolitan Realty Associates secures $23M financing for Macy’s redevelopment
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Metropolitan Realty Associates LLC (MRA) and equity partner Angelo Gordon & Co. LP have secured a $23 million acquisition and construction loan for
Leases
Cushman & Wakefield marketing pair of Princeton office buildings
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The properties were recently purchased by Argent Ventures. Cushman & Wakefield has been named managing and leasing agent for two newly traded, Class
Lawsuits
Brooklyn landlord facing jail after bulldozing his tenants out of their homes
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A Brooklyn landlord is facing a year in jail after being found guilty of forcing rent stabilized tenants out of his property by virtually bulldozing it while
Deals & Dealmakers
Moinian, SMA secure $118M mortgage for Dallas office building
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Square Mile Capital Management LLC announced that it has originated a $118 million mortgage loan secured by Renaissance Tower, a prominent 56-story office
Construction & Design
JB&B earns AEI nod for Weill Cornell work
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Jaros, Baum & Bolles (JB&B)has been recognized for its work on the Weill Cornell Medical College Belfer Research Building. The company won awards
Retail
SL Green retail space gets dolled up for new Fifth Avenue tenant
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Cushman & Wakefield has been retained to market the former American Girl flagship retail space at 609 Fifth Avenue. The pricey dollmaker relocated
Deals & Dealmakers
Bill Blass Group buys East Midtown building
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By Sabina Mollot Fashion footwear company Bill Blass Group has purchased an East Midtown office building at 3 East 44th Street, a 14,175 s/f office property.
Deals & Dealmakers
Savills arranges HQ relocation for marketing co.
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Savills has completed a 10-year lease to relocate the New York-based advertising agency Converge Marketing to 25 West 39th Street, a 16-story, 205,000
Views
Brace for impact of 421-a statute, MIH and issue of subsidies
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By Daniel M. Bernstein, Venable LLP Residential developers operating in New York City today face a series of questions about whether their projects can