Keith Larsen

4 days ago | therealdeal.com | Keith Larsen

Ankur Jain showed up to The Real Deal’s New York City Real Estate Forum to preach the gospel of Bilt Rewards. The popular fintech startup allows renters to pay rent with a credit card that earns reward points, and eliminates fees for landlords. Everyone wants points to buy more stuff, travel or book hotels. And Jain said the inspiration came from capitalizing on the largest expense for most people: rent. “We came in and said hold on a sec, there’s all this value around the home,” said Jain.

6 days ago | therealdeal.com | Keith Larsen

Joel Schreiber has lived many lives. Schreiber was the first investor in WeWork. He was a syndicator for trophy real estate in New York. He tried to launch a WeWork competitor. More recently, he has tried to become a tech virtuoso for Ryan Breslow’s embattled one-click checkout startup Bolt. But Schreiber is still dogged by his past. He has faced lawsuit after lawsuit with allegations ranging from double pledging his WeWork collateral to failing to pay back investors, brokers and lenders.

1 week ago | therealdeal.com | Keith Larsen

Anyone hoping to nab a piece of Moshe Silber’s massive portfolio will have to wait a few more weeks. An auction for a Silber-owned company controlling 6,300 apartment units across the U.S., along with an office building in New Jersey, will now be held on May 20. The auction was previously scheduled for April 24 at the Rockland County sheriff’s office in New City, New York. The sheriff postponed the auction, according to the creditor’s attorney Bernard D’Orazio.

1 week ago | therealdeal.com | Keith Larsen

A site in Brooklyn’s Sunset Park has tortured developers for nearly two decades. In the mid-2000s, developer Andrew Kohen sought to build a Home Depot and residential tower at 6208 Eighth Avenue, but the plan was put on ice due to the 2008 housing crisis and ultimately sold off. In 2014, a trio of investors pitched their own mega project, including a hotel and office space, but those plans also ended in a sale. Then, a third savior came to Sunset Park.

1 week ago | therealdeal.com | Keith Larsen

Bronx heavyweights Mark Stagg and Jorge Madruga are teaming up. The developers acquired a site at 2740 Webster Avenue from its long-time owner for $40 million to build a massive dormitory and housing complex, according to Stagg. Madruga’s Maddd Equities and Stagg’s Stagg Group are planning an 800,000-square-foot development with over 500 dormitories and 485 units of affordable housing, Stagg said. The group is in talks to bring a national grocery store chain to the project as well.