Delshah claims expeditor failed to remove big fines at West Village apartment building

Delshah Capital claims an expeditor failed to take care of violations at a West Village apartment building, resulting in higher fines that totaled at least $39,000. The firm accuses Brooklyn-based Jack Jaffa & Associates of working “carelessly, negligently and improperly” to remove open violations with the Department of Buildings and the Environmental Control Board at[…]

Brookfield in talks to buy Forest City

Brookfield Asset Management is reportedly in talks to buy Forest City Realty Trust, signaling a somewhat expected shift in the company’s growth strategy. According to Bloomberg, the discussions are ongoing and could still fall apart. The purchase price is not much more than the rate at which the REIT’s stock is currently trading, which was[…]

Rechler: Trump infrastructure plan “not a reality”

On the morning following President Trump’s state of the union address, RXR Realty chairman Scott Rechler called the president’s $1.5 trillion infrastructure pitch unrealistic. “It’s not a reality. The trillion-and-a-half dollars isn’t possible,” Rechler said at a panel for the Urban Land Institute Wednesday morning. “The money that we would use for infrastructure was repatriation[…]