A Nail-Biter of A Week for Apthorp Condo Plans

From Crain’s: “Less than a week after a New York State Supreme Court judge ordered the warring owners of the famed Apthorp apartment building into arbitration to solve their differences time is running out. One of their lenders could throw the project into default this Friday if the two don’t reach an accord.Last week’s ruling came after billionaire diamond dealer Lev Leviev sought an injunction at the end of December to force his partner Maurice Mann into arbitration. The dispute stems from Mr. Leviev’s attempt to remove Mr. Mann as the project’s manager, alleging in court papers that he has ‘run amok as a manger.'”