AG turns up pressure on Brooklyn condo sponsors over alleged fund misuse
New York Attorney General Letitia James is turning up the heat on a pair of Brooklyn developers, accusing one of them of stonewalling a yearslong probe into a troubled condo conversion in Clinton Hill. James’ office has asked a judge to compel Barry Leon, partner to developer Louis Greco, to comply with a subpoena tied to the conversion of 475 Washington Avenue, according to Bisnow. The state says Leon has ignored requests for documents and testimony since February 2024, despite multiple contacts with investigators. The Office of the Attorney General is examining whether Leon and Greco mishandled funds and violated […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Down Payments Are Smaller Than They’ve Been Since
2021
The Housing Market Is Stronger Than You Think
The 1 Factor That Explains Everything Happening with Home
Prices Right Now
The Croman name is back in the deal flow, featuring the next
generation
Alexander brothers swept into contraband probe at Brooklyn
detention center
How to 2X Your Cash Flow (or More) on the Property You
Already Own (Rookie Reply)
How Much Real Estate Do You Actually Need to Be
Free?
NYC’s top deals: Long Island City warehouse trades for
$16M
Now what? Rafael Cestero on the rent freeze
aftermath
If I Had to Start Over in Real Estate Today, I’d Do
This
