Tag Archives: real estate

Trump Org Loses Name Battle With Condo Owners

The New York Times reports: Over the opposition of lawyers for a company owned by President Donald J. Trump, State Supreme Court Judge Eileen Bransten ruled Thursday that a condominium on the Upper West Side could remove the bronze letters spelling out his name from its 46-story building. The ruling opens the door for the 377 condo owners at 200 ...

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MANHATTAN: Trump Organization Demands Names Of Condo Owners Who Want His Name Off Their Building

The Washington Post reports: The condo board at a Manhattan high-rise called “Trump Place” will be in court on Thursday morning, asking a judge’s permission to take that name down off the building’s facade. Last year the board at 200 Riverside began to consider taking down its own signs — after some residents complained that the Trump name might reduce ...

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Hannity’s Real Estate Dealer Was Imprisoned For Fraud

The Guardian reports: Sean Hannity’s real estate venture bought houses through a property dealer who was involved in a criminal conspiracy to fraudulently obtain foreclosed homes, according to records reviewed by the Guardian. In 2012, a shell company linked to the Fox News host bought 11 homes in Georgia that had been purchased by the dealer, Jeff Brock, following foreclosures. ...

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NYC Probes Kushner’s False Real Estate Filings

The Associated Press reports: New York City’s buildings regulator launched investigations at more than a dozen Kushner Cos. properties Wednesday following an Associated Press report that the real estate developer routinely filed false paperwork claiming it had zero rent-regulated tenants in its buildings across the city. The Department of Buildings is investigating possible “illegal activity” involving applications that sought permission ...

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COURT: Kushner Firms Must Disclose Ownership Deal

Politico reports: A federal judge has rejected a bid by companies connected to President Donald Trump’s son-in-law and senior adviser Jared Kushner to keep secret details in a pending lawsuit claiming that Maryland apartment complexes owned or managed by Kushner’s companies collected illegal fees from tenants. Two Kushner-linked firms caught up in the suit wanted to file details on their ...

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Manhattan Trump Building Battles To Rip Down Name

The New York Times reports: Must a New York City condominium forever bear the name T-R-U-M-P in large, brasslike letters? Or can it choose to take them down in favor, perhaps, of what a majority of residents believe is a more dignified name, 200 Riverside Boulevard, its simple street address? That is the question before a State Supreme Court judge ...

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REVEALED: Trump Paid $1.4M Settlement In Class Action Suit Over Undocumented Labor At Trump Tower

The New York Times reports: In 1980, under pressure to begin construction on what would become his signature project, Donald J. Trump employed a crew of 200 undocumented Polish workers who worked in 12-hour shifts, without gloves, hard hats or masks, to demolish the Bonwit Teller building on Fifth Avenue, where the 58-story, golden-hued Trump Tower now stands. The workers ...

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Forbes: Trump Lost $600 Million In Last Year

Forbes reports: A tough New York real estate market, a costly lawsuit and an expensive presidential campaign all contributed to the declining fortune of the 45th president. After months of digging through financial disclosures and public property records and conducting dozens of interviews, Forbes now estimates POTUS’ net worth at $3.1 billion, down from $3.7 billion a year ago. He ...

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REPORT: Obamas Shop For Manhattan Apartment

The New York Post reports: Former President Barack Obama and first lady Michelle are eyeing an apartment in a historic building in Manhattan, multiple sources exclusively tell Page Six. The Obamas have been looking at 10 Gracie Square on the Upper East Side, situated between East End Avenue and East River Drive and near the mayor’s residence, Gracie Mansion, according ...

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How Jared Kushner’s Company Exploited A Program Meant For The Poor To Build Another Luxury Complex

The Washington Post reports: Jared Kushner and his real estate partners wanted to take advantage of a federal program in 2015 that would save them millions of dollars as they built an opulent, 50-story residential tower in this city’s booming waterfront district, just across the Hudson River from Lower Manhattan. There was just one problem: The program was designed to ...

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HGTV Stars Sued For Fraud Over Show

The Dallas Morning News reports: Chip Gaines’ two former partners in Magnolia Realty claim in a lawsuit filed Thursday that he defrauded them by withholding information when he bought them out for $2,500 each just days before HGTV announced it was picking up the Fixer Upper show. Waco attorneys John L. Lewis and Richard L. Clark are seeking more than ...

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REPORT: Russians Own $100M In Trump Properties

Reuters reports: During the 2016 presidential campaign, Donald J. Trump downplayed his business ties with Russia. And since taking office as president, he has been even more emphatic. “I can tell you, speaking for myself, I own nothing in Russia,” President Trump said at a news conference last month. “I have no loans in Russia. I don’t have any deals ...

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Kushner Family Company To Rake In $400M From Company With “Murky Ties” To Chinese Government

Bloomberg reports: A company owned by the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, stands to receive more than $400 million from a prominent Chinese company that is investing in the Kushners’ marquee Manhattan office tower at 666 Fifth Ave. The planned $4-billion transaction includes terms that some real estate experts consider unusually favorable for the ...

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Manhattan’s Trump Place To Drop Name

Bloomberg reports: The Trump Place apartment complex on Manhattan’s Upper West Side is about to drop the president-elect’s name after an outcry by residents. The three rental buildings — at 140, 160 and 180 Riverside Blvd. — will be renamed for their street addresses, landlord Equity Residential said Tuesday in an e-mail. “We are assuming a more neutral building identity ...

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San Francisco’s Millennium Tower Is Literally Sinking

If it tilts any further, the elevators will become unusable. Today the New York Times picks up the story that has riveted San Francisco for months: The developers of the luxurious Millennium Tower laid out the risks and potential defects of the 58-story building in minute detail when its apartments went on sale seven years ago. The color and texture ...

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TESTIMONY: Trump University Was A Scam

Not that we didn’t know this. From the New York Times: In blunt testimony revealed on Tuesday, former managers of Trump University, the for-profit school started by Donald J. Trump, portray it as an unscrupulous business that relied on high-pressure sales tactics, employed unqualified instructors, made deceptive claims and exploited vulnerable students willing to pay tens of thousands for Mr. ...

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NEW YORK: AG Eric Schneiderman Says He Was Tricked About $116M Sale Of AIDS Hospice To Developer

From the New York Daily News: Attorney General Eric Schneiderman’s office says it was misled about the sale of the Rivington House Lower East Side AIDS care facility to a condo developer. State law requires court approval — with recommendations from the Attorney General’s Office and state Health Department — whenever a not-for-profit facility like Rivington House is converted into ...

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MIAMI: Homocon Blogger Matt Drudge Gifts $700,000 House To Man He’s Lived With For 11 Years

From the Miami Herald: Internet aggregator Matt Drudge sure has become a generous man after 20 years as the left’s whipping boy and the conservative right’s digital voice. Drudge last week gave away half of his real estate holdings in the far south Miami suburb of Redland. Miami-Dade County property records show longtime area dweller Drudge, 49, gifted a 4,600-square-foot ...

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New Record For Manhattan Apartment Prices

This news shocks no one. Via the New York Times: In Manhattan real estate, 2015 was a year for the record books, with the median price for co-ops and condos hitting a new high of $1.15 million in the final months of the year, according to reports by major real estate firms that will be released Tuesday. Strong overall sales ...

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Sarah Palin Lists Her Arizona Mansion For $2.5 Million

Sarah Palin is selling her sprawling 8000-sf Arizona mansion with a listed price of $2.5 million – nearly a million more than she paid for it four years ago. The Los Angeles Times has the details: The main house is a blend of Santa Barbara, Tuscan and Spanish styles. High ceilings, chandeliers and wrought-iron railings are among interior details. A ...

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