Sasha Jones
Senior Real Estate Reporter at Bisnow
Senior Real Estate Reporter @Bisnow | [email protected] | Formerly of The Messenger (RIP), NYBJ, TRD, @columbiajourn Stabile, etc. | Primarily on Linkedin
Articles
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2 days ago |
bisnow.com | Sasha Jones
After months of ratings agencies raising concerns about the office tower at 75 Broad St., JEMB Realty has asked that the $230M loan tied to the property be transferred to special servicing. The door at 75 Broad St., which once served as the headquarters of ITT Inc. The historic 35-story Financial District building, which once served as the headquarters of ITT Inc., has been slowly bleeding tenants.
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3 days ago |
bisnow.com | Sasha Jones
The six-story condo at 475 Washington Ave. in Clinton Hill in Brooklyn has become the center of a legal and financial storm. Residents — a mix of natural wine merchants, artists, tech workers and rent-stabilized tenants — have filed at least four lawsuits against developer Louis Greco alleging fraud, self-dealing and failure to deliver on promised apartments. Their legal efforts face new uncertainty after Silver Point Capital foreclosed on the property last month following a $35M loan default.
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5 days ago |
bisnow.com | Sasha Jones
The former CEO of Silver State Health Services, alongside a real estate investor, has been indicted for embezzling $2M of federal grant money to purchase commercial real estate properties. 2965 S.
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6 days ago |
bisnow.com | Sasha Jones
Tourism is back and hotel owners are happily flipping the ‘Vacancy’ sign to ‘No’ — but as guests return with higher expectations, debt deadlines are also closing in. During the pandemic, many hotel owners hit pause on property upgrades as revenues cratered. Now that deferred maintenance is coming due, panelists at Bisnow’s National Hospitality Conference warned.
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2 weeks ago |
bisnow.com | Sasha Jones
The Empire State Development Board of Directors has approved an amendment that gives the go-ahead for 5 Times Square to be converted to residential use. The exterior of the base of 5 Times SquareUnder the change to the 42nd Street Development General Project Plan, Apollo Global Management, SL Green and RXR plan to transform the 1.1M SF office tower into 1,250 rental units, 313 of which would be permanently affordable.
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RT @markfbonner: SCOOP: Extell is teeing up $1.3B to build “The Torch,” a 1,067-ft hotel with an observation deck and a 260-ft thrill ride…
RT @BisnowEthan: NEW: Gary Barnett has taken out a $270M loan tied to 18 unsold condos at Central Park Tower, @aSashaJones reports. Combine…
RT @markfbonner: They spent nearly $1B buying land that triggered a federal probe. Led by Jan Sramek (and backed by Silicon Valley billiona…
