• NYC broker admits to pocketing $100K in rental
deposits,
The Real Deal

    NYC broker admits to pocketing $100K in rental deposits

    To nearly two dozen prospective New York renters, Juan Valoy appeared to be an honest real estate broker. But prosecutors say he was a fake who pocketed $105,000 of their money. The phony broker has pleaded guilty to two cases in Manhattan and in the Bronx for a scam that included taking fees, secur

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  • After cannabis crackdown, landlords cope with padlocked
stores,
The Real Deal

    After cannabis crackdown, landlords cope with padlocked stores

    When New York enacted a law to create a legal cannabis industry, it took nearly two years to set it up. The first legit dispensary didn’t open until December 2022, and things continued to move like molasses. Aggressive entrepreneurs rushed into the void. Smoke shops popped up across New York City, w

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  • Eli Karp sues attorney Leo Jacobs for malpractice,
The Real Deal

    Eli Karp sues attorney Leo Jacobs for malpractice

    Eli Karp is accusing his former lawyer of bilking him for a year while shirking his legal duties. The Hello Living developer filed a malpractice lawsuit against attorney Leo Jacobs, whom he accused of failing to get a judge to drop a $16 million judgment tied to a foreclosure of a 55-unit apartment

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