Keith Larsen

Simad Holdings, the owner of about 30 popular summer camps such as Camp Blue Star and Mohawk Day Camp, filed for Chapter 11 bankruptcy in New Jersey on June 4, listing 50,000 to 100,000 creditors and $500 million to $1 billion in liabilities. The company's affiliates, which include dozens of camp and real estate subsidiaries, filed for bankruptcy as well. David and Michael Shabsels both filed for personal bankruptcy.

Simad Holdings summer camps can access bank accounts to pay their expenses, even as bankruptcy proceedings go on

Mark Nussbaum, Samuel Lowinger, Riverside Abstract and its co-founder Shaul Greenwald, engaged in a years-long mortgage fraud scheme involving up to 50 fraudulent transactions,

Gerald Marcil files two lawsuits against Mahender Makhijani who feds say orchestrated a sprawling scheme

Sigoura left his job as a lawyer at a white shoe firm to work for El-Ad Group, which had just acquired The Plaza and planned to convert a portion of the hotel into luxury condos. The hotel union fought the conversion, leading to a dramatic escalation.

The San Francisco-based firm faces at least 14 foreclosure lawsuits against its 550-unit multifamily portfolio in the Bronx and Upper Manhattan. Three lenders filed lawsuits in New York State courts in the past four months, alleging that Prana's entities owe over $56.6 million in unpaid loans and interest.

Michael Shabsels, who, with his brother, David Shabsels, built a now-bankrupt empire of summer camps that stretches up the East Coast, put his home at 275 Main Street on the market for rent at the end of June, according to a Zillow listing. Among the camps owned by the Shabsels are the popular Mohawk Day Camp in New York state and Camp Blue Star in North Carolina.

Hours after city officials warned of an “ extremely dangerous situation ” at the in-progress conversion of the former office property, Nathan Berman of MetroLoft said in an interview with The Real Deal that reports of the building's collapse have been “blown a little bit out of proportion,” adding that despite videos of sagging upper floors and buckled support columns, the building “was never at risk of collapse” and the repairs are fixable.

Bankrupt camp operator is selling Camp Achim in the Catskills as it begins process of selling real estate to pay $344M owed to creditors

Zaslav's Grandview Ventures reached a deal with Simad Holdings to provide the stalking horse bid for Camp Mohawk in Westchester County. Camp Mohawk's parent company Simad Holdings filed for bankruptcy in June after it defaulted on payments to its Israeli bondholders.