Trump’s Penn takeover gives activist hope

May 7, 2025 / no comments

Not all Manhattan activists hate everything the Trump administration is doing. The administration’s takeover of Penn Station’s planned overhaul has provided some comfort to defenders of the city block marked for death at the southern end of the transit hub. Their pleas to the Cuomo, Hochul and Adams administrations have always fallen on deaf ears, […]

This article originally appeared on The Real Deal. Click here to read the full story.

Joel Schreiber decries Starwood’s “negative energy” 

May 7, 2025 / no comments

Joel Schreiber has lived many lives. Schreiber was the first investor in WeWork. He was a syndicator for trophy real estate in New York. He tried to launch a WeWork competitor. More recently, he has tried to become a tech virtuoso for Ryan Breslow’s embattled one-click checkout startup Bolt.  But Schreiber is still dogged by […]

This article originally appeared on The Real Deal. Click here to read the full story.

Clipper Equity snags another refi for Crown Heights development 

May 7, 2025 / no comments

After David Bistricer recently put the finishing touches on a 240-unit development in Crown Heights, the Clipper Equity head is adding fresh financing to boot. Clipper landed a $160 million loan to refinance the multifamily property at 953 Dean Street in the Brooklyn neighborhood, the Commercial Observer reported. MF1 Capital supplied the financing for Prospect […]

This article originally appeared on The Real Deal. Click here to read the full story.