Rich Bockmann

Convicted Vornado fraudster “is a broken man,” but gov't says he can't be trusted

Grubb Properties landed a $377 million construction loan from Maxim Capital Group for the 462-unit 8 Carlisle Street in FiDi.

The 476,000-square-foot building is “located at the cornerstone of the rapidly evolving Mott Haven submarket, a neighborhood defined by a historic surge in large-scale residential development, trendy waterfront parks, and an expanding retail landscape,” according to a listing at Ariel Property Advisors.

Developer paid $38M for 99 Claremont in 2024 It may be a bit early for back-to-school, but real estate dealmaking doesn't take a summer break.

With concerns over the health of the private credit market mounting, private credit lenders have increasingly been turning to Collateralized Loan Obligations (CLOs) as a financing tool to deal with a surge of redemption requests and market turmoil, Bloomberg reported

New owner would partner with Fisher on repositioning 605 Third Fisher Brothers is set to recapitalize another big Midtown office tower.

The transaction gives the family-owned operator full control of three Midtown properties after apartment conversion investors circled the portfolio

Al Laboz's United American Land moving forward with 159-unit 277 Canal Street Soho's first big new development since the neighborhood's rezoning five years ago just hit a major milestone.

Lenders issued $26 billion worth of collateralized loan obligations (CLOs) in the first half of 2026, according to KBRA. If it continues at that pace the rest of the year, it will surpass the previous highwater mark of $45.4 billion in 2021.

Since bottoming out from drug and alcohol addiction four years ago, the disgraced developer says he's gotten sober and gained perspective through volunteer work. He's asked the judge in his case to consider this when making her decision on sentencing, while his family and lawyer ask for leniency.