Landlord battles Sentinel over alleged rent-regulation fraud
A New York City landlord is locked in a legal fight with veteran multifamily investor Sentinel Real Estate over an alleged scheme to inflate the value of five Washington Heights apartment buildings. The landlord, an LLC connected to Michael Aryeh’s Heritage Realty, says Sentinel and its affiliates m
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
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