New multifamily projects fall sharply after 421a expiration
Developers filed far fewer projects in the months since the 421a tax exemption expired earlier
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LoanCore files to foreclose on $196M loan secured by Midtown East retail, office
UPDATED 2:30 p.m., Oct. 6, 2022: Lender LoanCore Capital filed a pre-foreclosure action against entities
Apollo Global Management pays $83.5M to Torchlight Investors for hotel in Times Square
Apollo Global Management through the entity Tsq Hotel Owner LLC paid $83.5 million to Torchlight
$180M pre-foreclosure filed at Jeff Sutton’s 1551 Broadway, loan matured in July 2021
The special servicer for a $180 million commercial mortgage-backed security loan filed a pre-foreclosure action
Yitzchok Katz files plan for 75-unit building in Downtown Brooklyn, paid $25M last month for site
Yitzchok Katz submitted a new building construction project for a 75-unit building at 362 Livingston
Melaim Bauta pays $9.5M to Gerald Leibman for 66-unit walkup in Hell’s Kitchen
Melaim Bauta through the entity 541 West 49 LLC paid $9.5 million to Gerald Leibman
David Levitan, Steven Berger pay $12.2M to David Kleiner for residential walkup in East Morrisania
David Levitan, Steven Berger, Yosef Rabinowitz, Asher Shafran, Sarah Turkel, Tamar Rosenbaum, and Joel Shafran
Arch buys stakes in 3 foreclosed Bushwick developments acquired by Balthasar valued at $34.2M
Arch Companies acquired stakes in three foreclosed Bushwick developments acquired by new owner Balthasar Capital
Carlyle Group pays $11.7M, continues push into Brooklyn walkup market: MAP
By Adam Pincus The Carlyle Group in September has nearly matched its most active months