
New York City halts office-to-resi conversion at 222 Broadway
Three weeks after structural columns buckled at the former Pfizer Building, New York City building officials issued a stop-work order at another office-to-residential conversion. Construction work has been halted over at 222 Broadway, where developer GFP Real Estate is in the process of converting t

DOJ launches criminal investigation into camps owner Simad Holdings, David and Michael Shabsels
The Department of Justice launched a grand jury investigation into Simad Holdings and its controlling shareholders, Michael and David Shabsels, according to a filing on the Tel Aviv Stock Exchange. The U.S. Attorney’s Office for the Eastern District of New York is conducting the investigation. As pa

Deal Diary: 9 Years, 39 Doors, and $20K a Month in Cash Flow—Here’s How Jefferson Simmons Built His Portfolio
Name Jefferson Simmons Location Manhattan, Kansas Occupation Full-time real estate investor (former underwriter, Realtor, and university fundraiser) Assets 17 properties, 39 doors, $20,000/month in cash flow Investment strategy Single-family and […]
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