Since the housing market reached its slump, more and more homeowners have resorted to renting – causing vacancy rates to fall. Last month, though, Manhattan's apartment vacancy rate increased. For the first time in nine months, Manhattan saw an increase in apartment vacancy rate in August. In the same month, lesser rent concessions were also provided by landlords. This data came Read full article »
Tag archives for Manhattan
Mortgage Defaults Fail To Fend Off Interests On Manhattan Apartment Complexes
With its panoramic command view of the East River or more so the whopping $5.4 billion sale it attracted in 2006, the twin Manhattan apartment complexes of Stuyvesant Town and Peter Cooper Villages could still tickle the imagination of developers, investors and even speculators. For a start, the collaborative efforts of Winthrop Realty Trust and Pershing Square Capital made some headway Read full article »
Paralegal Sentenced To Three Years In Prison For Role In Multimillion-Dollar Mortgage Fraud And Foreclosure Rescue Schemes
NEW YORK -- Preet Bharara, the United States Attorney for the Southern District of New York, announced that Marina Dubin, a real estate paralegal, was sentenced yesterday to two concurrent three-year prison sentences in connection with her involvement in a multimillion-dollar, sub-prime mortgage fraud scheme and another foreclosure rescue scheme. Dubin, 33, of Brooklyn, New York, pleaded guilty to two Read full article »
category: Legal, Street Talk
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