The legal war over 111 West 57th Street is opening along another front. Hedge fund IsZo Capital sued Richard Bianco, the head of the project's former majority owner AmBase Corp., and his family for failing prevent the tower's foreclosure and for allegedly scheming to enrich himself at the expense of shareholders. Foreclosure News
After cleaning up with foreclosures, private equity has moved on to single-family rentals. Is it a long-term play, a hedge or just trendy? And how does this asset class affect the way Wall Street thinks about real estate tech? Listen in as Roofstock founder Gary Beasley and Wellington Management Company private equity investor Matt Witheiler, […]
It began last July, when a plaque was installed next to Pawlenty's official portrait in the State Capitol. The text summarized a governorship marred by tragedy and strife-at least some of it of his own making. Foreclosure News
The general contractor in the Wall Street Theater renovation has filed a foreclosure claim seeking, among other things, “immediate possession of the property.” The general contractor in the Wall Street Theater renovation has filed a foreclosure claim seeking, among other things, “immediate possession of the property.” Foreclosure News
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With a businessman turned politician now in the Oval Office, a small but growing number of bankers and Wall Street financiers across the United States have set their sights on politics. In New Jersey, Connecticut and California, former bankers, hedge fund managers and private equity executives have either announced bids for legislative and gubernatorial seats, […]
Is Michael Stern and Kevin Maloney's supertall condominium project 111 West 57th Street heading into foreclosure? We'll have to wait in suspense a little while longer. A New York State Supreme Court judge postponed until Monday a ruling on whether the foreclosure can proceed. Foreclosure News
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John Chowaniec, superintendent with Morganti Group of Danbury, highlights in November 2016 renovation on the Wall Street Theater in Norwalk, Conn. On April 28, 2017, Morganti Group filed a mechanic's lien against the theater on claims it is owed $ 1.5 million on the project. Foreclosure News
A bankruptcy judge issued a $ 45 million fine against Bank of America Corp., calling the bank's treatment of a California couple who fought to save their home “brazen” and “heartless.” Judge Christopher Klein of the U.S. Bankruptcy Court in Sacramento said the bank's mortgage modification process and mistaken foreclosure on Erik and Renee Sundquist's […]