Ethan Rothstein

1 week ago | bisnow.com | Ethan Rothstein

Trammell Crow Co. is the latest developer to signal ambitions for a data center megaproject in the Peach State. The CBRE-owned development giant filed an application to build an 8.1M SF data center campus at White Oak Technology Park near Augusta. It is the second proposal in as many weeks to add a project of that size to the state's skyrocketing supply of digital infrastructure, The Atlanta Journal-Constitution reports.

2 weeks ago | bisnow.com | Ciara Long |Ethan Rothstein

Embattled hotel chain LuxUrban Hotels' history of withholding rent from landlords has caught up to it, as its portfolio has shrunk to just a handful of properties. LuxUrban has relinquished Hotel 57, a 210-key hotel at 130 E. 57th St. in Manhattan. The Miami-based hotel company, which master-leases properties that were struggling during the pandemic, a year ago said it operated 18 hotels in four states. Its portfolio now stands at six properties, all in New York City.

3 weeks ago | bisnow.com | Ethan Rothstein

The reigning WNBA champions are getting ready to put another jewel in their crown. Courtesy of the New York LibertyRendering of the New York Liberty's planned $80M practice facility in Greenpoint, Brooklyn. The New York Liberty plan to develop an $80M training facility in the Greenpoint neighborhood of Brooklyn, the team announced Thursday. The building would abut Newtown Creek, which separates Brooklyn and Queens, and be paid for entirely by the team's ownership, led by Joe and Clara Wu Tsai.

1 month ago | bisnow.com | Jarred Schenke |Ethan Rothstein

A group of CrowdStreet investors is coming after the real estate crowdfunding platform, accusing it of negligence in an attempt to recoup their investment in Nightingale Properties' $130M purchase of a Chicago office building. In a statement of claim filed this week with the Arbitration Service of Portland, Oregon, 125 investors in Nightingale's 2022 acquisition of 200 W. Jackson Blvd. seek to force CrowdStreet to cover $7.2M in losses, plus interest, fees and punitive damages.

1 month ago | bisnow.com | Ethan Rothstein

Less than three months before Elie Schwartz is set to be sentenced for a $54M real estate crowdfunding fraud scheme, a judge has ordered him to vacate the home he shares with his wife and children. 1 West End Ave., a Manhattan condo tower where Nightingale Properties CEO Elie Schwartz bought a penthouse unit for nearly $18M. The trustee tasked with liquidating the assets of Nightingale Properties' CEO to pay back his victims filed a lawsuit to evict Schwartz from his Manhattan penthouse.