Gilbane Development has acquired a 96,000-square-foot development site in Brooklyn’s Sheepshead Bay neighborhood for $37 million, giving the company control of a recently rezoned parcel that could support more than 400,000 square feet of construction. The...
A Brooklyn condominium developer is being forces to provide more than $6 million in restitution and purchase credits to buyers who made down payments but never received their properties or their money back for years. An investigation by the Office of the New York...
A Brooklyn real estate investor and a former New York State judge were indicted on charges of wire fraud conspiracy for running schemes that defrauded millions of dollars from investors. Sam Sprei – who is also known as “Yechiel Sprei,” “Shimon Sprei,” and “Eli...
A developer is proposing the transformation of the mostly vacant former Brooklyn headquarters of the Jehovah’s Witnesses religious organization into multifamily housing. The Gothamist reports CIM Group is seeking to transition the office buildings into a 661-unit...
A disbarred attorney who stole the deeds to 11 residential properties across Brooklyn, primarily from minority homeowners in financial distress, was sentenced to two-and-a-half to seven years in prison and the corporations he owns were ordered to pay $120,000 in...
Euro-Area Housing Loan Demand Falls Sharply as Higher Rates Hit Borrowers
