Tenants at Alta LIC sue over alleged rent overcharge scheme
A flashy Long Island City rental tower is at the center of a legal fight that could cost its owners millions. Tenants at the 44-story Alta LIC say the building’s landlord — an ownership group linked to Baron Property Group, Simon Baron Development and Affinius Capital, along with property manager De
ZD Jasper nabs second construction loan of the week
Jasper Wu is wooing construction lenders left and right this week. ZD Jasper landed a $66.1 million financing package from First Citizens Bank for a project at 64-11 Queens Boulevard, the Commercial Observer reported. The developer acquired the site for $18.6 million concurrent with securing the loa
Olnick lists South Bronx development site with 1M sf potential
The Olnick Organization is looking to offload a sizable development site in the South Bronx that has sat inactive for more than half a century. Midtown-based developer Olnick is seeking roughly $60 million for a largely vacant patch of land on University Avenue between West 168th and West 170th str
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