US Attorney, SEC unveil fraud charges against man behind Bar Works

Federal prosecutors on Friday announced criminal charges against Renwick Haddow, the man behind the co-working fraud scheme Bar Works. The move come almost six months after The Real Deal first exposed Haddow’s involvement in Bar Works and raised questions over the identity of the firm’s supposed CEO, “Jonathan Black.” Prosecutors charged Haddow with two counts[…]

National Cheat Sheet: The Oracle of Omaha gambles on retail, Chinese investment in US industrial sector rises by 540%… & more

Warren Buffett invests in retail’s future This week, Store Capital Corp. revealed that Warren Buffett’s Berkshire Hathaway bought a 9.8 percent stake in the investment trust, which largely specializes in single-tenant retail properties, like chain restaurants, veterinary offices and fitness centers. Buffett paid $377 million for his company’s stake, the Wall Street Journal reported. Store[…]

Borough Park medical facility undergoes $78M refi

The developers of a senior health care facility in Brooklyn have refinanced it with a $78.4 million loan, property records show. The nine-story senior care facility is located at 4915 10th Avenue in Borough Park and run by Kenny Rozenberg and Daryl Hagler’s Centers Health Care. The financing, which comes from Greystone Funding Corporation, includes[…]