Wells Fargo to pay $1B to settle claims of mortgage lending abuses

Wells Fargo will pay a $1 billion to settle several allegations, including that it improperly charged mortgage customers fees to lock-in interest rates. The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced the settlement on Friday, following several reports that the agreement was looming, CNBC reported. Back in December,[…]

Kushner Companies subpoenaed over rent-regulated apartment filings

Kushner Companies received a federal subpoena to release documents related to its rent-regulated properties in New York City. The subpoena is part of an investigation by the Brooklyn U.S. Attorney’s office, following reports that Kushner filed documents purporting that the developer had no rent-regulated tenants at its properties, according to the Wall Street Journal. “Kushner[…]

Lightstone’s former creative director claims she was fired for being a single mom

The Lightstone Group’s former creative director claims she was “stigmatized and penalized” by the company for being a single mother and was abruptly fired as punishment for spending time with her young daughter during a holiday weekend. Audra Tuskes, who was hired as Lightstone’s creative director in 2015, filed a lawsuit against Lightstone and its[…]

California’s cannabiz: Why the pot industry is struggling to lock down office space

 As recreational marijuana laws materialize in California, the pot industry is preparing for its boom by scooping up office space. But unlike traditional companies, those in the legal cannabis sector are finding it more challenging to secure affordable space in L.A. County. Cannabis-centric businesses face hurdles like high rents and threats from law enforcement.[…]

By the numbers: Is Amazon all that?

From the April issue: Ever since Amazon announced last fall that it was looking for a new location for a second headquarters, aptly dubbed HQ2, North American cities have been tripping over themselves to woo the retail giant. But opinions differ on what the $5 billion Amazon campus would mean for residential prices, congestion and the[…]

What’s in a name?: Brokers are taking wait-and-see approach to selling units at a former Ritz-Carlton

  Perched at the southern tip of Manhattan, the Wagner at the Battery offers unobstructed panoramas of the city and New York Harbor. While the views haven’t changed, the name has. And for residents who live above the former Ritz-Carlton hotel, the panorama isn’t enough. Shortly before the Ritz-Carlton sign was removed from the building,[…]