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September 27, 2023

Judge Finds Trump Liable For Fraudulently Overvaluing Real Estate Empire

Hear From Silverstein Properties' Lisa Bevacqua On Keys To Successfully Managing Class-A Office In This Environment Oct. 24

A civil case brought by New York Attorney General Letitia James against real estate tycoon and former U.S. President Donald Trump can go ahead, a New York state Supreme Court judge ruled Tuesday.

Judge Finds Trump Liable For Fraudulently Overvaluing Real Estate Empire

The case alleges that Trump inflated the value of his properties by as much as $2B to score loans and insurance deals while also misvaluing assets in order to lower the amount of property taxes due.Trump had sought a summary judgment in the hopes of throwing out the case,…

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Rudin Could Get $200M For Its Half-Empty 1.2M SF Financial District Skyscraper

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Rudin is selling its 1.2M SF office tower that occupies a full block in Manhattan’s Financial District.The 80 Pine St. property was renovated during the pandemic to the tune of $100M. But leasing is lagging in the 40-story property in spite…

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Nightingale Agrees To Sell Miami Building Where CEO Allegedly Misappropriated Capital From CrowdStreet Investors

A pair of investors is under contract to buy a Miami Beach office building for $82M from Nightingale Properties, an embattled investor facing multiple federal investigations into how it handled crowdfunding for the property’s renovation. 

Nightingale Agrees To Sell Miami Building Where CEO Allegedly Misappropriated Capital From CrowdStreet Investors

Black Lion Partners and Massa Investment Group, both based in Miami, are planning to purchase the eight-story, 140K SF office building with a 499-space parking garage at 1601 Washington Ave. Nightingale paid $80M for the property in 2016, according to property records, before launching a crowdfunding campaign on the investment platform…

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