Brooklyn developer scores financing on one-time David Werner conversion target
David Werner’s loss is Hershy Silberstein’s gain. The Blue Sky Builders honcho landed $102 million in construction financing for the office-to-residential conversion of 311 West 43rd Street in Hell’s Kitchen, the Commercial Observer reported. S3 Capital provided the debt for the redevelopment of the
Frank Carone arrested on federal bribery charges
Brooklyn power broker Frank Carone, the former chief of staff to ex-mayor Eric Adams, was arrested in the early hours of Wednesday morning on federal bribery charges. The arrest took place at his home in Manhattan, the New York Daily News reported. The accusations against Carone were not immediately
Scott Rechler made it to the other side of the downturn. At what cost?
When the one-two punch of Covid and higher interest rates cratered the country’s office market, Scott Rechler was more candid about the seismic problems than most large New York City landlords. In 2023, the 58-year-old CEO publicized that RXR, his commercial property firm, had embarked on an initia
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