Ethan Rothstein
Deputy Managing Editor at Bisnow
Deputy Managing Editor at @Bisnow. Take my job seriously, not myself
Articles
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4 weeks ago |
bisnow.com | Ethan Rothstein
More than 5,000 New York City apartments were pushed into bankruptcy last week after the cost to cover their debt service jumped 75% in two years, their owner said in a new court filing. The apartment building at 932 Carroll St. in Brooklyn was one of dozens of Pinnacle Group's buildings put into bankruptcy.
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1 month ago |
bisnow.com | Jarred Schenke |Ethan Rothstein
Nightingale Properties CEO Elie Schwartz has been sentenced to 87 months in prison after orchestrating the biggest fraud in real estate crowdfunding history. District Judge Steven Grimberg of the Northern District of Georgia handed down the sentence, which includes three years of supervised probation, in an Atlanta courthouse Monday afternoon.
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1 month ago |
bisnow.com | Jarred Schenke |Ethan Rothstein
Dr. Padma Sripada doesn’t buy the story that the person who took $75K from her is a changed man. The 56-year-old primary care physician from Albany, New York, is one of more than 800 victims defrauded by Nightingale Properties CEO Elchonon “Elie” Schwartz, who is set to be sentenced for his crime Monday afternoon in an Atlanta courthouse.
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1 month ago |
bisnow.com | Ethan Rothstein
The disgraced CEO of Nightingale Properties says he “learned a valuable lesson” about how he shouldn't be trusted with other people's money after admitting to a $63M fraud scheme. Elchonon “Elie” Schwartz is hoping to avoid jail time after pleading guilty to one count of wire fraud in February, which carries a maximum 20-year sentence. Federal prosecutors are seeking a prison term less than half that length.
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1 month ago |
bisnow.com | Ethan Rothstein
522 Fifth Ave., which RFR sold to AmazonThe tech giant has purchased 522 Fifth Ave., a 23-story, 600K SF office building on the corner of 44th Street, from RFR Realty, an Amazon spokesperson confirmed to Bisnow. The 600K SF building is entirely vacant, giving Amazon a blank canvas. A spokesperson declined to comment on the Seattle-based company's plans for the property, which was constructed in 1896.
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BREAKING: Elie Schwartz, who orchestrated a $63M real estate crowdfunding scam, has been sentenced to more than seven years in prison https://t.co/JD2vqgvvps
Amazon is buying another building on Fifth Avenue. It paid $1B for 424 Fifth in 2020, now it's dropping a still-unknown number on 520 Fifth. Also recently signed a massive lease at 452 Fifth https://t.co/6jI5K5CyIs
RT @J_Banister: New rental housing starts in D.C. last year totaled 932 units, a 79% drop from the prior year. I dug into why a decline in…
