This brokerage is accused of forging signatures in a dual agency lawsuit

Earlier this year, Houlihan Lawrence was hit with a lawsuit alleging the brokerage engaged in dual agency without proper disclosures. Now the firm is being accused of forging documents in the legal process. Attorneys for homebuyers Pamela Goldstein and Paul Benjamin and home sellers Tony Berk and Dr. Ellyn Berk alleged that the signatures on[…]

Benjamin Benalloul jumps to Halstead, Brown Harris Development Marketing

Real estate scion and broker to the ultra-wealthy Benjamin Benalloul is on the move. Benalloul has joined Terra Development Marketing, the parent company of Halstead Property Development Marketing and Brown Harris Stevens Development Marketing, the company said. The 28-year-old — who previously ran two of his own brokerage firms and worked at Town Residential —[…]

Extell’s UWS tower could be imperiled if city cracks down on this building trick

The city’s Department of Building says Extell Development’s Upper West Side apartment building abides by current zoning rules — but the battle over the tower’s height might be far from over. Extell plans a 770-foot tower at 50 West 66th Street, a project that some city officials and residents have publicly opposed through a zoning[…]

Yoel Goldman lands 15K-sf Foodtown to anchor Rheingold Brewery project

All Year Management’s massive rental development on the site of the former Rheingold Brewery in Bushwick will have a 15,000-square-foot Foodtown grocery store anchoring its retail component. Yoel Goldman’s company signed Foodtown to a 50-year lease at the base of the 433-unit 54 Noll Street, which the developer has dubbed “Denizen Bshwk,” a representative for[…]

Tahl Propp, NYC Partnership Housing land $162M loan for pair of Harlem buildings

Tahl Propp Equities and NYC Partnership Housing have received a loan of $162 million for two residential buildings in Harlem. Deutsche Bank provided the financing for the buildings at 112 East 128th Street and 107 East 126th Street, according to property records. Both properties are affordable housing buildings, and they contain a total of 412[…]

Kushner brothers-backed Cadre looks to cash in on Opportunity Zones

Cadre, the real estate crowdfunding platform partially owned by Jared and Josh Kushner, is leaping headfirst into the Opportunity Zone craze. Cadre’s CEO Ryan Williams tweeted about the launch on Friday morning, framing it as an opportunity for investors to deploy funds into “under-served markets throughout the U.S.” Cadre was also a major sponsor of[…]

SL Green lands $225M construction loan for Lower Manhattan apartment tower

SL Green Realty picked up a $225 million construction loan for its planned rental tower in Lower Manhattan. Singapore lender United Overseas Bank and the German bank Helaba provided the construction financing for the 209-unit development at 185 Broadway, SL Green announced Friday. The company plans to go vertical on construction of the 31-story, 260,000-square-foot[…]

Deputy Senate Majority Leader Mike Gianaris to stop accepting real estate money

In the lead up to November’s election, several New York Democrats vowed to reject any campaign donations from the real estate industry. Gubernatorial candidate Cynthia Nixon called it “dirty money” and incoming State Senator Zellnor Myrie accused opponent Jesse Hamilton of taking “illegal campaign contributions from the real estate lobby.” State Senator Michael Gianaris, the[…]