An August 3, 2021, press release from New York Governor Andrew Cuomo announced that the Port Authority of New York and New Jersey reached an agreement with private group JFK...
After years of planning and development towards the intended restoration and conversion of Brooklyn’s historic Nassau Brewery, the Chapter 11 bankruptcy of managing company Nassau Brewing Company Landlord LLC is...
Construction trust fund statutes have been enacted in several states as an added layer of protection for contractors and suppliers when faced with nonpayment. New York is one such state that...
Following the recent completion of a number of luxury waterfront Philadelphia, Pennsylvania townhomes — and amidst planning and construction on a new waterfront complex by the same developers — six...
JDS Fourth Avenue, LLC filed for Chapter 11 bankruptcy on June 1, 2021, as a serious legal battle proceeds over its Park Slope condo project in New York City. The...
As the New York Legislative Session reaches the home stretch, there’s one proposed piece of legislation that’s drawing a particular amount of attention. Early this year, a pair of bills...
May 24, 2021, saw three companies lead a petition to bring Park Place Development Primary, LLC — developer of downtown Manhattan luxury condominium 45 Park Place — into involuntary Chapter...
After spending much of 2021 attempting to reorganize its debts amidst liens, defaulted loans, and a loss of revenue from the COVID-19 pandemic, Hospitality Investors Trust, Inc. filed for Chapter...
Gateway Kensington, LLC filed for bankruptcy on May 14, 2021 — following an arbitration petition that resulted in a loss of over $14.3 million for the Bronxville, New York developer....
Contractor All-Rite Construction, Inc. filed for Chapter 7 bankruptcy on May 3, 2021, with debts stemming from multiple construction liens and a number of subcontractors and materials suppliers counted among...