All’s fair (and FARE) in New York real estate this week
This week saw the major blowup of one of the country’s largest apartment landlords. Fairstead has about $7.8 billion in assets and projects in the pipeline and 24,000 housing units across 28 states with a goal to grow even bigger. But internal disputes sparked multiple legal fights, including one that saw a lengthy opinion come down late last month. The trial involved 10 witnesses and nearly 2,600 exhibits, providing a play-by-play of the drama and negotiation at Fairstead, as well as showing an example of what happens when a business takes off at lightning speed. Slower to take off are […]
This article originally appeared on The Real Deal. Click here to read the full story.
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