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The Real Deal - New York Real Estate News |
From the archives: A bizarre co-working scheme and the global rise of online real estate fraud Posted: 25 Dec 2017 11:00 AM PST From the archives: Cindy used to dream of barging through the front door of Bar Works West Village, TV crew in tow. She would stride past the bar up to the managing director, a barrel-chested man whom she only knows from online videos, and bombard him with questions. Why didn’t he respond to her emails and calls? What did he do with her money? And where can she find the mysterious “Jonathan Black?” An Australian […] |
From the archives: How Stuy Town was won Posted: 25 Dec 2017 10:00 AM PST From the archives:In August 1947, as the first tenants were moving into Stuyvesant Town-Peter Cooper Village, workers installed a small metal plaque on the west side of its central oval footpath. It was dedicated to Frederick Ecker, president of the Metropolitan Life Insurance Company and developer of the giant housing complex. Ecker, the plaque read, had “brought into being this project, and others like it, that families of moderate means might live in health, comfort […] |
From the archives: At 220 CPS, Steve Roth is the bouncer Posted: 25 Dec 2017 08:00 AM PST From the archives: Douglas Elliman’s Jacky Teplitzky and her wealthy client couple were seated in the sales office at 220 Central Park South when an unexpected visitor showed up: Steve Roth. Roth didn’t introduce himself as he sauntered in. He is, after all, an industry legend, the head of an $18 billion-plus real estate company, and the guy who’s building the luxury condominium tower Teplitzky’s clients wanted to buy into. But they didn’t know him from Adam. […] |
From the archives: NYC’s dirty money files Posted: 25 Dec 2017 07:00 AM PST From the archives: In 2012, Joseph Chetrit , a Moroccan real estate investor known for his New York City developments, allegedly flew to Geneva to meet Nicolas Bourg, a Belgium-based real estate fund manager, to talk about raising equity for several new projects. Bourg was representing an investment fund backed with money allegedly stolen by two Kazakhstani investors — Viktor Khrapunov, the former mayor of Almaty, the largest city in Kazakhstan, and Mukhtar Ablyazov, the former […] |
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