City sues property manager, broker for refusal to accept government vouchers

The city of New York sued a broker and a landlord Wednesday for allegedly refusing to accept tenants using government housing vouchers. Landlord Oxford Realty Group and broker Everton Campbell were sued in separate court complaints for allegedly turning away prospective renters who intended to pay with vouchers, the New York Times reported. At Seaview[…]

Sheldon Silver found guilty, again

A jury found Sheldon Silver guilty for the second time on Friday, wrapping up the more than week-long re-trial of the former Assembly speaker on charges he was first convicted for in 2015. Silver, 74, was found guilty on all seven counts brought by the United States Attorney’s Office for the Southern District of New[…]

Real estate’s top cop, Eric Schneiderman, is out. Here’s how he changed the industry

Before accusations that he physically abused four women abruptly ended his career as New York’s attorney general, Eric Schneiderman’s tenure policing the real estate industry was a work in progress. While he oversaw regulatory changes widely seen as a boon to the industry – such as allowing developers to more easily market out-of-state projects in[…]

Ceruzzi’s Midtown condo will launch sales at projected $536M sellout

Ceruzzi Properties and partner SMI USA can launch sales for their Midtown East condominium development at 138 East 50th Street, according to records filed with the New York state Attorney General’s office. The AG’s real estate finance bureau accepted the developer’s offering plan last month for the 124-unit project with a total asking sellout of[…]

Lehmann Maupin pays “record breaking price” for gallery space at the Getty

Art gallery Lehmann Maupin closed on the gallery space at the Getty condominium development in West Chelsea, paying $27 million, records filed with the city Monday show. The signatory on the deed is Ziggy Rutan, a Florida-based developer and real estate consultant who represented the Lehmann Maupin on the purchase. The property, one of West[…]

Tishman Speyer picks up Pfizer as anchor tenant for Spiral, lands mammoth construction loan

Tishman Speyer has officially landed its anchor tenant for its $3.7 billion Hudson Yards office tower, and it comes with one of the largest construction financing deals in history. The developer announced Tuesday morning that the pharmaceutical company inked a 20-year-lease for 800,000 square feet at the Spiral, which will allow construction at 66 Hudson[…]

Vornado announces “handshake” deal to sell 666 Fifth stake to Kushner

In his annual letter to investors Friday, Vornado Realty Trust chairman Steve Roth said he had a “handshake” deal to sell the company’s 49.5 percent stake in 666 Fifth Avenue to the office building’s majority owner, Kushner Companies. In the letter, Vornado said it intended to retain its ownership in the building’s retail condominium, even[…]