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Fried Frank's Janice Mac Avoy on Real Estate Litigation and Activism therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Fried Frank's Janice Mac Avoy on Real Estate Litigation and Activism therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Investors buy Imperial Plaza for $75M, plan to spend millions more on upgrades Jonathan Spiers photos) A multimillion-dollar updating of one of Richmond’s longest-running senior living communities is in the works following a $75 million purchase last week. Imperial Plaza, a gated complex totaling hundreds of units in the city’s Northside, is being renamed and reimagined as a so-called “active adult” community after its sale Thursday to an out-of-town joint venture. The new owners are Bluestone Group, a New York-based commercial real estate investment firm, and frequent collaborator Brentwood Investment Group, based in New Jersey. The four multistory buildings at 1717 Bellevue Ave., beside Interstate 95 across from Bryan Park, are being rebranded as “Legacy at Imperial Village,” which Brentwood partner Barry Zolty described as an updated version of the 1960s-era facility that he said will cater to today’s 55-and-up demographic. ....
(Photo illustration by The Real Deal) Downtown Capital Partners, an alternative lender based in White Plains, New York, fired off a note to All Year Management and its founder, Yoel Goldman, last month: Cough up tens of millions of dollars of unpaid debt on a Gowanus development site or risk losing the property. The note from Downtown Capital threatening to take over the vacant site is one of several signs of All Year’s broader financial problems. The Brooklyn-based developer is also facing foreclosure on half of its massive Denizen luxury rental project at the site of the former Rheingold Brewery in Bushwick and was delisted from the Tel Aviv Stock Exchange in early January. ....
By OFFICE OF CONGRESSMAN CHRIS SMITH January 16, 2021 at 1:26 AM Rep. Chris Smith. Rep. Chris Smith. Credits: CS January 16, 2021 at 1:26 AM Ambassador-at-Large position created WASHINGTON, D.C. Building on an amendment he wrote in 2004 to create a Special Envoy to combat anti-Semitism, this week Rep. Chris Smith (R-NJ) successfully pushed enactment of his S pecial Envoy to Monitor and Combat Anti-Semitism Act that expands the authority of the office and elevates the Envoy to that of Ambassador-at-Large, granting the position added clout to fight the rise in worldwide anti-Semitism. “My new law will raise the Special Envoy to the rank of Ambassador-at-large, a high-level position that will allow the Special Envoy to report directly to the Secretary of State,” ....