Stacks of cash, regulatory fraud, and “hard money” lenders: Ostad brothers resort to mudslinging in investment fight
A battle among brothers for a New York real estate firm is getting ugly. Steven, Michael and Edward Ostad are duking it out over investments in companies and portfolios. But a year-long legal fight over business lines and equity has devolved into explosive personal attacks, with Steven and his brot
LMXD, BedRock land $250M at former Innovation QNS piece
Developers continue to pick up the pieces left behind when Innovation QNS fell apart. LMXD and BedRock Real Estate Partners secured a $250 million loan from New York Life Investment Management for the acquisition and construction of a project at 35-10 Steinway Street in Astoria, the Commercial Obser
“Defund the police” is dead, but “defund real estate” is thriving
New York’s real estate policies bear a striking resemblance to the “defund the police” movement that spread through progressive cities in the wake of George Floyd’s murder by a police officer. Defunding police and real estate investment both attempt to reduce harm by an absurdly simplistic strategy:
Categories
Recent Posts
