Black Spruce stuck in Floyd Mayweather, Jona Rechnitz’s legal spat
Josh Gotlib’s Black Spruce Management is stuck in the middle of a legal bloodbath between Floyd Mayweather and his former trusted adviser, Jona Rechnitz. Mayweather’s Vada Properties invested in Black Spruce’s Manhattan rental portfolio in 2024 and 2025. But the firm claims it cannot pay any distributions from the portfolio to Mayweather because of Mayweather’s ongoing lawsuit against Rechnitz, in which the former star boxer accuses Rechnitz of fraud. Black Spruce this week asked a New York state court judge to determine if a court can hold the distributions as the case is being litigated. Rechnitz, his partner Ayal Frist […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Latest Architects’ Survey Shares What’s Hot And Not In
American Homes
The Three Operational Investments That Actually Move Renewal
Rates
What To Know About Each Stage Of A Commercial Real Estate
Deal
Why Luxury Retail Is Shifting To Smaller Stores, Bigger
Flagships
Biologique Recherche Debuts A New Architectural Concept At
Its SoHo Location
Lender wins foreclosure sale for Mike Kohan’s Garment
District office building
Judge halts initial pied-à-terre tax rollout, orders
do-over
Housing Notes: Sinking sales at the
Sherry-Netherland
Long Island’s Oheka Castle hitting auction block after
foreclosure
AG James settles first case in de facto rent stabilization
sweep
