Charles Cohen facing another Midtown foreclosure suit
It seems billionaire Charles Cohen can’t catch a break. U.S. Bank has filed to foreclose on 222 East 59th Street, part of Cohen Brothers Realty’s holdings. The lender says the borrower defaulted in September and has failed to pay its bills. The Cohen Brothers affiliate took out $7.5 million connect
NJ Attorney’s office charges Mordechai Weiss with fraud
The New Jersey Attorney’s Office charged Monsey, New York-based multifamily investor Mordechai Weiss with conspiracy to commit wire fraud. Prosecutors brought a criminal case against Weiss on March 26, according to a letter filed in the U.S. District Court of New Jersey. The charges relate to a cons
Extell lands $417M loan for 570 Fifth Ave development
Gary Barnett secured another refinancing for his banner development at 570 Fifth Avenue JPMorgan Chase provided Extell Development with $417 million to refinance the project, PincusCo reported. The development site comprises more than a dozen properties assembled by the New York City skyline shaper
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