Lender refuses to let Harry Macklowe off the hook for $14M loan shortfall
BankUnited is not walking away from a $14.2 million loan dispute with Harry Macklowe just yet. After losing the trial in April, the lender is now taking the legendary Manhattan developer to an appeals court. The dispute stems from a development loan the lender issued to Macklowe in December 2013. Ma
Hochul taps developers to build $1B Hell’s Kitchen towers
The state has tapped three New York developers to build two towers with more than 1,100 homes on a publicly owned parking lot in Hell’s Kitchen across from the USS Intrepid museum. Gov. Kathy Hochul selected The Gotham Organization, Fisher Brothers and Mural Real Estate to construct the highrises wi
Pay Off Your Mortgage or Reinvest in Real Estate? What Makes More Sense in Today’s Market?
Leverage was always the love language for real estate investors. It was the principle on which the BRRRR strategy was based, and fortunes were made. However, since the dramatic rise […]
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