The building housing Chetrit Group’s headquarters is in hot water. Developers Meyer Chetrit, Joseph Moinian and Edward Minskoff are now facing potential foreclosure of their leasehold at three office buildings at 500-512 Seventh Avenue in the Garment District. Among the allegations: the partnership didn’t collect rent from Chetrit Group and let electricity bills pile up […]
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A New Jersey real estate investor who built a social media following through property seminars faces federal charges for allegedly defrauding investors of millions in a Ponzi-like scheme while laundering drug money and bribing a local official. Cesar Pina, who operates under the moniker “Flipping NJ,” was indicted Thursday on charges including wire fraud, money […]
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T-Mobile, seeking federal approval for two deals, is the latest company to drop its diversity programs amid scrutiny by the Federal Communications Commission.
A California investment firm picked up a data center built in 1992 near Atlanta Hartsfield-Jackson International Airport.
A major nursing home operator that owes money to a pair of REITs has filed for bankruptcy.
Pennsylvania-based Genesis HealthCare owns 175 nursing facilities across the country, but the company said that due to financial hardships in recovering from the pandemic and a rise in litigation, it had to file for bankruptcy, The Wall Street Journal first reported.
The financial hurdles include an $8M-per-month settlement and defense costs over injury and death claims. One instance included the company’s Quinnipiac Valley Center in Connecticut having to be shut down due to safety concerns after the deaths of two residents in 2022.
ReGen Healthcare, another nursing home operator, has entered…
Lucky Strike Entertainment, known for its bowling and amusement venues, is taking control of the real estate underpinning more than 50 of its locations across the U.S.
David Ellison, the founder of Skydance, and Bari Weiss, the co-founder of The Free Press, are attending the annual Allen & Co. conference in Sun Valley this week.
It’s not double or nothing, but Gary Barnett clearly has bigger plans in mind for 655 Madison Avenue. Barnett’s Extell Development filed a rezoning application with the Department of City Planning eyeing a 74-story property at the Midtown Manhattan site, Crain’s reported. That’s double the number of stories Barnett plotted for when he first filed […]
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An office real estate scion has bought into an upper-crust residential building. Michael Milstein, son of Milstein Properties founder and longtime Emigrant Bank leader Howard Milstein, paid $20 million for a duplex penthouse at 885 Park Avenue with his wife Claudia, according to public records. Milstein and his father are co-chief executive officers of the […]
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Individual investors were the ones who piled into stocks when they plunged in early April, while big Wall Street institutions missed out on the gains.