A note to slumlords: Don’t try to evict old people.
When the news broke recently that David Bistricer, a managing member of Berkshire Capital, was collecting millions in rent from the city — some of it because he owns none other than the Kings County Housing Court — it made barely a ripple. But Read More
From Crain’s: "The sale of Starrett City has been delayed because the owner of the sprawling Brooklyn complex and federal housing officials have been unable to agree on the fair market value of future rents. Starrett City Associates had initially expected to select a winning bid by early September, but the owner feels rents Read More
Today’s the deadline to bid on Brooklyn’s Starrett City, the nation’s largest federally subsidized housing complex. And, unless a dark horse bolts from the shadows, it looks like there will be only two bidders, both of which have community ties that could assuage the affordability concerns of the Department of Housing and Urban Development. Read More
The Feds today denied Clipper Equity’s bid for the Starrett City housing complex in Brooklyn for the second time, saying that the buyer would not be able to maintain the largest federally subsidized complex in the nation as affordable housing after paying $1.3 billion for it.
In a letter to Clipper’s lawyer, the Secretary Read More
A spokeswoman for Clipper Equity, the would-be buyer of Starrett City that saw the state reject its takeover plan last week, objected to the notion that the deal is dead.
“The plan is and had been evolving,” Clipper spokeswoman Lisa Linden told The Real Estate on Monday afternoon. “We are involved in a process. Read More
Friday morning’s New York Times seemed to suggest that David Bistricer’s (and Bruce Teitelbaum’s) second bid for Starrett City might have a chance. Indeed, it was all about how Mr. Bistricer was enlisting the help of ministers to take his case to the federal Department of Housing and Urban Development, which holds the Read More
Jay Kennedy Remembered
To the Editor:
I really enjoyed and appreciated David Foxley’s article on my late boss, King Features editor in chief Jay Kennedy [“Jay Kennedy, Editor of Cartoonists, Arts and Newspaper Archivist, 50,” March 26]. It was truly insightful reading about his hobbies, friendships and personal background. He will be sorely missed in Read More
Congressman Towns Responds
To the Editor:
I am writing this letter as a response to the story “Bruce T. and Chuck S. Rumble in Starrett City,” written by Matthew Schuerman [March 19].
I would like to make it emphatically clear that I am totally against any deal with Clipper Equity to purchase the Starrett City Read More