Orda trying to force out retail tenant in favor of Facebook, Buzzfeed: lawsuit

The Ainsworth Park restaurant is suing its 225 Park Avenue South landlord, Orda Management, alleging the company has tried to pressure it to leave its 7,000-square-foot space to make way for a pair of Internet giants. Orda issued a “laundry list of purported ‘defaults’ and a threat to terminate the lease if [Ainsworth Park] did[…]

Proposed Peter Stuyvesant Post Office site height increase rankles residents

Benenson Capital and Mack Real Estate Group’s move to increase the proposed height at their East Village development site is drawing the ire of locals. Residents and neighborhood activists are condemning the developers over a zoning variance they requested that would raise the proposed height of their rental building at the Peter Stuyvesant Post Office[…]

Airbnb borrows $1B for expansion

Airbnb, the $25.5 billion short-term rental colossus, just raised $1 billion in debt to fuel an expansion. JPMorgan Chase, Citigroup, Bank of America, Morgan Stanley and other banks all participated in the deal. Similar large debt deals have in the past been preludes to initial public offerings, as with Facebook, which borrowed about $8 billion[…]

Feds subpoena info on Bistricer’s de Blasio contributions

Federal and state corruption investigators are studying documents, emails and financial records related Mayor Bill de Blasio’s campaign donations. Their subpoena reportedly targets specific donors, and the list includes landlord David Bistricer and his firm Clipper Equity. Officials are looking for evidence of direct connections between donations to de Blasio and his allies and actions[…]