Ingrid Lewis-Martin Charged With Taking Bribes From Real Estate Investors  
   
   
 

Ingrid Lewis-Martin, former chief adviser and longtime aide to Mayor Eric Adams, was indicted Thursday alongside her son, Glenn Martin II, and two real estate investors.

 
 
Flickr/nycmayorsoffice
 
   
 

Among the allegations is that she expedited Department of Building permits in exchange for financial bribes in excess of $100K and benefits for her son, according to an indictment filed in New York State Supreme Court.

“The property involved in one or more financial transactions represented the proceeds of criminal conduct,” Manhattan District Attorney Alvin Bragg wrote in the indictment, which charges Lewis-Martin with two counts of first-degree bribery and one count of third-degree money laundering.

Real estate investors Mayank Dwivedi and Raizada Vaid, also known as Pinky, were each charged with one count of bribery. They allegedly paid more than $100K in exchange for help expediting permits on Manhattan CRE projects.

Lewis-Martin's attorney, Arthur Aidala, said in a statement that the facts laid out in the indictment “will make no sense to any New York jury.”

The indictment comes months after Adams was charged with five felonies, including wire fraud, bribery and receiving and soliciting campaign contributions from a foreign national. It makes Lewis-Martin the highest-ranking member of the Adams administration to be charged with a crime aside from the mayor himself. 

Read the full story here.

Sasha Jones and Ciara Long

 
   
   
 

Today's Rundown

 
 

  • Elie Schwartz won't fight the felony fraud charge he faces. A plea deal appears imminent for the disgraced CEO of NYC real estate investor Nightingale Properties, who is accused of embezzling more than $54M from crowdfunding investors in two property deals. Read more.
  • With offices overflowing, Amazon is delaying RTO for some employees. The tech giant instituted a five-day-a-week return policy set to kick in Jan. 2, but a lack of available space, including in its Manhattan office on Fifth Avenue, has caused it to push back the effective date. Read more.
  • Former partner to Trump and Kushner falls delinquent at Brooklyn tower. CIM Group has fallen behind on debt payments at 16 Court St., according to a Fitch Ratings report. The ratings agency warned investors in the CMBS loan backing the 36-story building that they could be facing a 40% loss. Read more.
  • Deutsche Bank Pays $237M For Essex Crossing Office And Retail Condos. A partnership led by Taconic Partners has sold off the office and retail components of 180 Broome St. and 202 Broome St., two key parts of the mixed-use megaproject Essex Crossing on Manhattan's Lower East Side. Read more.
 
 

What Else Is Happening?

 
 
Fed Cuts Rates But Signals A Pause Ahead, Triggering Stock Market Plunge Fed Cuts Rates But Signals A Pause Ahead, Triggering Stock Market Plunge
 
   
 
Multifamily Giants Turning To AI For Rent Collections Multifamily Giants Turning To AI For Rent Collections
 
   
 
Starwood Property Trust To Boost Investing Pace In 2025 Starwood Property Trust To Boost Investing Pace In 2025
 
   
 
Editors' Choice: The Very Best Bisnow Stories Of 2024 Editors' Choice: The Very Best Bisnow Stories Of 2024
 
   
 
Why 2025 Marks The Beginning Of The End Of Extend-And-Pretend Why 2025 Marks The Beginning Of The End Of Extend-And-Pretend
 
   
 

The Finish Line

 
  This is the final New York Rundown we’ll be publishing before the New Year. We’d like to wish you all a happy holiday period, but it seems like Blackstone might have beaten us to it. Tell us which moment from the investment management behemoth’s 8-minute holiday video made you cringe the most!


The New York City Rundown is written by New York Reporters Sasha Jones and Ciara Long and edited by Deputy Managing Editor Ethan Rothstein. We’d love your feedback and news tips: sasha.jones@bisnow.com and ciara.long@bisnow.com


 
   
   
   
   
   
 
BISNOW
www.bisnow.com
123 William St, Suite 1505, New York NY 10038 Newsletter Approval Code: 82503
Unsubscribe | Unsubscribe from All | About | Contact
     
  You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships. The views and opinions expressed in advertisements throughout this publication (digital ads and orange text links) are those of the advertiser and do not necessarily reflect the views and opinions of Bisnow. Some ads may contain affiliate links from which Bisnow may receive a small fee.  
 
© Copyright 2024 Bisnow. All Rights Reserved