Lawsuits
Former socialite Verina Hixon evicted, fined for not paying Upper East Side co-op fees
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A well-heeled Manhattanite and former friend of Ivana Trump has been pushed out of her Upper East Side co-op and forced to pay close to $700,000 in penalties
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Nightingale, Wafra secure $500M to reposition 111 Wall Street
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Newmark announced that it has closed an acquisition and construction loan for 111 Wall Street, New York, on behalf of Nightingale Properties and Wafra
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Durst buys Queens site from PMG for $167M, plans 1M s/f apartment tower
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The Durst Organization today announced it has acquired the Queens Plaza Park development site at 29-37 41st Avenue in Long Island City, Queens.
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Icon garage pulls COVID con on landlord
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A court has booted a city parking garage after finding it was raking in hundreds of thousands in parking fees and not paying its rent. Justice David Cohen
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Lenders treading slack water as real estate sector waits for reset
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By Eric S. Orenstein The term “slack water” has been used to describe the current market for real estate finance, and it seems about right.
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Landlords are people, too, owners’ rep tells RGB
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By Maria Rocha-Buschel The Rent Guidelines Board is set to approve rent hikes of up to 3.75 percent for New York’s one million rent regulated tenants.
Deals & Dealmakers
Naked and unafraid at the 2016 chashama gala
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Anita Durst didn’t disappoint at her annual chashama Gala held last night at the Frank Gehry-design dining hall of Four Times Square. Business-suited executives
Deals & Dealmakers
Rosenberg & Estis renews on Third
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The Durst Organization announced Rosenberg & Estis, P.C. signed a 10-year lease for 16,456 s/f on the entire 15th floor and renewed on the entire 12th
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Owners sue over new rent regulations
07
Seven New York landlords have joined the Rent Stabilization Association (RSA) and Community Home Improvement Program (CHIP) to sue over new rent regulations
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COVID-19 brings big changes to court and its combatants
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New York’s State Supreme Courts are expected to re-open to a flood of complaints from property owners fighting over money, access and broken leases next week.
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Experts see strict enforcement of new anti-Airbnb law
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New York’s new law barring advertisements for short-term apartment rentals may be up for a challenge in a Manhattan federal court. However, its effect
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Commercial rent regulation – an improper usurpation of state power
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By Alexander Lycoyannis and Dejan Kezunovic, Rosenberg & Estis Most readers of this article are surely familiar with the ironic phrase “may you live