Martha Stewart is being considered for a presidential pardon. Here’s what she’s been up to with her business

From the archives: Martha Stewart, 74, stands over the conference table in her light-filled corner office, primping a shallow bowl of pale, nearly stemless blossoms. “I can’t stand flower arrangements like this,” she says. “It is just such a waste of flowers.” I couldn’t identify the flowers and they looked rather stylish to my untrained[…]

Michael Besen sues partner Amit Doshi for $10M

There’s a feud brewing at the very top of one of New York’s most active commercial firms. Besen & Associates founder Michael Besen is suing his partner Amit Doshi for $10 million, claiming he’s mismanaged the brokerage and several investment properties they own together. Besen alleges Doshi, executive director of the investment sales-focused brokerage, breached[…]

Blackstone, Solus settle Hovnanian credit default swap dispute

A showdown between a lender and a gambler over a New Jersey and South Florida home-construction empire has ended. Solus Alternative Asset Management withdrew its lawsuit against Blackstone Group subsidiary GSO Capital Partners on Wednesday, after reaching a settlement on claims that GSO engineered a debt default by struggling builder Hovnanian Enterprises. In 2017, Hovnanian,[…]

Global Holdings invests $100M in 25 Kent

Global Holdings Group is making a preferred-equity investment of $100 million in the office-and-retail Williamsburg project at 25 Kent Avenue. Rubenstein Partners, which is co-developing the project with Toby Moskovits’ Heritage Equity Partners,  secured the funding, according to the Commercial Observer. The eight-story, 500,000-square-foot project spans one full block by the East River waterfront, and[…]

Chetrit, Minskoff and Moinian get $375M refi in Garment District

Moinian Group, Chetrit Group and Minskoff Equities scored a $375 million loan to refinance a Garment District office complex. Insurance giant American International Group provided the money to refinance 500-512 Seventh Avenue. The loan replaces older financing from 2006, including a loan for $186 million and another for $20.1 million, Debtwire reported. The three partners[…]