NYC developer Michael Shvo slams $600M suit by exclusive club as ‘cynical ploy’ for rent reduction
A $600 million lawsuit filed by the Core Club, the ultra-exclusive Fifth Avenue power mecca, against a New York real estate mogul is rotten to the core, according to the developer being sued. Core owners Jenny and Danjean Enterprises alleged last month that real estate mogul Michael Shvot reneged on a deal to acquire a […]
‘Bunch Of Suits Trying To Cover Their Tracks’: Beach Town Locals Slam Offshore Wind Developer For Polluting Shores
Residents of Nantucket, Massachusetts, spoke out against wind power companies at a town hall on Wednesday. A “turbine blade failure incident” has caused debris to wash up along the shoreline. Staff of The small island town, located 30 miles off the coast of Cape Cod, was forced to close beaches on its south shore on […]
NYC developer gets nearly $1B loan for residential towers overlooking Hudson River
As foundation work progresses on two dramatically styled apartment towers downtown, funding has finally been secured for the high-profile riverside project. Atlas Capital Group has closed a $985 million construction loan for the tower at 80 Clarkson Street, which it is developing with Zeckendorf Development and Baupost Group, people familiar with the matter told The […]
NYC developer Michael Shvo’s spat with posh member’s-only Core Club takes ugly twist
Michael Schvo never gets a minute’s rest. As we reported June 27, he is being sued for $600 million by Core Clubs for an alleged “egregious” fraud scheme connected to the club’s location at 711 Fifth Ave. Shubo called the lawsuit a “desperate attempt to bail out” the club’s owners from a “binding agreement” that […]
Bigshot Miami real estate developer poisoned wife with fentanyl, she claims in divorce proceeding
This was a toxic marriage. A major Miami-Dade County real estate developer is being investigated by the FBI for allegedly making threats to his estranged wife’s life after her alleges in divorce proceedings that he poisoned her multiple times with fentanyl. Tatiana Pino, who has been married for 32 years to Century Homebuilders Group president […]
NYC members-only club seeks $600M in fraud suit against developer Michael Shvo
The worlds of high-stakes real estate and high-society clubbing collided violently this week when the owners of the exclusive Core Club filed a shocking lawsuit against their partner and alleged landlord, Michael Shubo, seeking $600 million in damages. The lawsuit, filed in New York State Supreme Court, alleges that Shubo used a “wicked and fraudulent” […]
Bethesda property developer taps former aide to Del. Holmes Norton
real estate Bethesda-based real estate development companyStonebridge Associates Hired Arent Fox Schiff LLP It lobbies for the federal government’s use of D.C. assets. The lobbyist for this account is John Booker, former chief counsel and legislative director for Rep. Eleanor Holmes Norton (D.D.C.). Tax Managed Funds AssociationIt is a trade association for the alternative asset […]
ChatGPT Developer OpenAI Strikes Deal to Use Financial Times Journalism to Train AI Models
ChatGPT developer OpenAI has reportedly signed a deal with ChatGPT. financial times This allows the journalistic content of newspapers to be used as a means to train artificial intelligence systems. of financial times The company will receive an undisclosed payment as part of the deal, the people said. report by guardian. The deal reportedly means […]
Rudin family plans to sell Downtown’s 80 Pine St. to Brooklyn developer Bushburg
News that the Rudin family is apparently planning to sell 80 Pine Street to Joseph Hoffman’s real estate company Bushburg for a low price of $160 million marks a painful turning point in the property’s history. Ta. The building, which the Rudin family reportedly hoped to sell for $200 million, held a special place in […]
AI priest defrocked by developer after taking confessions like ‘real’ priest
Dad, please forgive me, I’m a Sim. AI Priest was unlocked just days after its launch after the chatbot repeatedly insisted to users that it was part of a real clergy and was performing sacraments. “Father Justin” is a handsome, gray-haired, bearded, 3D-animated parish priest in a cassock whose purpose is to answer users’ questions […]