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The Tale of the $8 Million 'Bargain' House in Greenwich
In the competitive insulated world of Greenwich, where men are judged as much by their financial blunders as they are by their triumphs, the tale of how Mr. Baker and his family — public records show that the house is officially owned by Mr. Baker's

Sandy aid to Hoboken on par with other NJ towns
About $745 million is in a program to cover home rebuilding and repair costs not covered by insurance or other government programs. And demand still far outstrips money available in that program. STATE FUNDS FOR The problem, he said in an interview

N Is for Neo-Serfdom, O for Offshore Banking
N Is for Neo-Serfdom, O for Offshore Banking By Michael Hudson. This piece first appeared at Michael Hudson's website. See the rest of the Insider's Economic Dictionary here. Neoclassical economics: The school that arose in the last quarter of the 19th century, stripping away the classical

Fitch Affirms Hudson Americas LLC's CMBS Servicer Ratings
The primary servicer rating reflects the company's effective primary servicing operations albeit for a small loan portfolio. The special servicer rating considers Hudson's demonstrated ability to work out and liquidate commercial real estate (CRE

The Loan Process | Mortgage Broker Sydney | Michelle Hudson Michelle Hudson talks you through the loan process, and how she can help you by 'holding your hand' through the ...

Maverick suing to foreclose on Hudson Square PH

Maverick Real Estate Partners is suing the developer of a luxury condominium in Hudson Square, in an attempt to force a foreclosure sale of a portfolio including an unsold penthouse in the building.

In a lawsuit filed Wednesday in New York State Supreme Court, the private equity fund manager argued it issued a $10.1 million mortgage in February that was personally guaranteed by Jonathon Carroll, the developer of the building at 497 Greenwich Street.

The loan was secured by three separate properties, including penthouse A in the Hudson Square building, Carroll’s home at 556 3rd Street in Brooklyn’s Park Slope neighborhood, and a property in Suffolk County.

The full sum of $10.1 million was due to be paid back by May 17, but Carroll defaulted, the suit alleges. Maverick is asking that the properties be foreclosed and sold.

Known as the Greenwich Street Project, the 25-unit condo at 497 Greenwich Street was designed by Dutch architect Winka Dubbeldam and completed in 2004.  Penthouse A hit the market in 2013, asking $14 million.

NYC's 55 Hudson Yards Attracts 130 KSF Tenant

Jay Cross, president of Related Hudson Yards, said in a prepared statement.

Commercial real estate services firm Newmark Knight Frank represented Cooley in the lease transaction, while CBRE Group and Related’s internal leasing department stood in for the ownership.

Cooley’s new home will be one of a handful of trophy high-rises that will comprise the 10 million-square-foot office segment of Hudson Yards, which will ultimately encompass a total of 18 million square feet of office, retail, residential, hotel and other offerings.

Serving as the southwestern anchor of the new Hudson Park, 55 Hudson will hold the distinction of being one of the only office buildings in New York City with a lobby opening directly onto a park. Kohn Pedersen Fox designed the structure, which will also boast roughly 13,300 square feet of ground-level retail space and, if all goes as planned, LEED Gold certification. Cooley will occupy five floors of the 51-story building upon relocation from its current home at 1114 Ave. of the Americas. 

How is The Grapes of Wrath (a novel) by John Steinbeck effect us by whats going on in the world right now?


The Grapes of Wrath is a novel published in 1939 and written by John Steinbeck, who was awarded the Pulitzer Prize and the Nobel Prize for Literature.

Things were so bad that there were no jobs for millions of working-age people. So they moved to where they thought they could get jobs. We are seeing a little of that today in 2008.