Brooklyn’s tallest building is struggling to pay its skyscraping loans.  Michael Stern, the developer of 9 DeKalb Avenue’s 93-story The Brooklyn Tower, has defaulted on a $240 million mezzanine loan and now faces foreclosure, the Real Deal has reported. A UCC foreclosure auction has been scheduled for Jun. 10 by Silverstein Capital Partners, which issued
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The Downtown office market is in even worse shape than widely reported data indicate, according to several major dealmakers. One of them, an industry legend not given to doom-and-gloom scenarios, told us that huge amounts of space are quietly up for sublease even at the World Trade Center and Brookfield Place – Lower Manhattan’s best-performing
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Batbold Sukhbaatar of Mongolia addresses the Millennium Development Goals Summit at the United Nations headquarters in New York, September 22, 2010. Emmanuel Dunand | AFP | Getty Images Federal prosecutors on Tuesday sued to seize two New York City apartments worth $14 million that were allegedly bought with proceeds from a corrupt scheme involving Mongolia’s
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DJ Khaled’s former South Florida mansion is hitting the market for $16.39 million — and much of his furnishings, including three 14-karat gold chandeliers with Swarovski crystals and his sneaker shrine, are part of the deal. The Aventura home, at 3914 Island Estates, includes the music producer’s famed 500-plus sneaker collection room, with its “WETHEBEST”
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An example of Pacaso’s new lower-priced vacation home listings. CNBC Luxury vacation home co-ownership platform Pacaso is attempting to appeal to the masses, as it grows its business during a pricey and competitive phase of the housing market. The company, which launched in 2020 with multimillion-dollar homes listed for co-ownership, is now introducing thousands more
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