Bloomberg, Turner Construction executives to be charged in overbilling scheme

More than a dozen executives at Bloomberg L.P., Turner Construction and their subcontracting companies are accused of running a scheme that overcharged Bloomberg for renovation work by tens of millions of dollars. Anthony Guzzone, the former global head of construction at Bloomberg, and two former Turner executives are expected to be indicted Tuesday on fraud,[…]

Multifamily investor Iris Holdings buys Maimonides’ Brooklyn portfolio for $68M

Maimonides Medical Center has sold eight of its buildings in Borough Park to Marc Blumenfrucht Iris Holdings for about $68 million, according to property records. TPG Real Estate Finance Trust provided $67.5 million in financing for Iris Holdings for the deal. The properties are addressed at 864 49th Street, 983 and 1005 46th Street, 5001[…]

Adtech company leaving 33 Whitehall for 42K sf at Brookfield Place

Digital marketing company Fluent, Inc., fresh off a spin-off from its parent company, is growing into a new office in the Financial District. The eight-year-old company signed a sublease for just shy of 42,000 square feet with high-frequency trading firm Virtu Financial at 300 Vesey Street at Brookfield Place, representatives from Fluent told The Real[…]