Just three days before Madison filed to foreclose on the buildings, sources said Joseph Sutton, son of retail mogul Jeff Sutton, signed a hard contract to buy the buildings from Toledano for about $145 million.
Madison, according to documents filed in New York State Supreme Court late last week, claims Toledano, the founder of Brookhill Properties, owes the firm about $140 million, which includes $125 million in loans against 15 properties, plus interest and attorneys’ fees.
Sources close to Toledano said that after he defaulted last year, Madison waited months to initiate foreclosure proceedings, allowing time for him to find a buyer for the properties.
The dwelling where your apartment is located is the subject of a foreclosure proceeding. If you have a lease, are not the owner of the residence, and the lease requires payment of rent that at the time it was entered into was not substantially less than the fair market rent for the property, you may be entitled to remain in occupancy for the remainder of your lease term.
All rent-stabilized and rent-controlled tenants are protected under the rent regulations with respect to eviction and lease renewals. These rights are unaffected by a building entering foreclosure status.
Mayor de Blasio met with tech workers at AppNexus today to unveil the latest designs and details for the new Union Square Tech Hub, a City-backed project to provide space for tech worker training, education, start-ups and convening.
The hub itself will generate 600 good paying jobs, and serve as a new home for Civic Hall that will include a digital job training facility for all New Yorkers, and modern, flexible workspaces designed to meet the unique needs of early-stage startups in New York’s vibrant innovation economy.
“This new hub will be the front-door for tech in New York City. People searching for jobs, training or the resources to start a company will have a place to come to connect and get support. No other city in the nation has anything like it. It represents this City’s commitment to a strong and inclusive tech ecosystem,” said Mayor Bill de Blasio.
Currently the site of PC Richard & Sons Union Square, 124 East 14th Street will be transformed into a hub for civic innovation, job creation and fluid work and learning opportunities in a state-of-the-art tech-enabled facility. The 258,000 square-foot project will be developed by RAL Development Services and designed by Davis Brody Bond, and is expected to create more than 800 construction jobs. The project will be union-built and staffed, and in compliance with HireNYC guidelines.
The $250 million project on City-owned land, will bring together the best-in-class programs offering affordable digital skills training for New Yorkers seeking to join the 21st century economy – all in wired, open, and accessible workspaces. It will be anchored by Civic Hall, a collaborative work and event space advancing the use of technology for the public good. Civic Hall has grown to more than 1,000 members, including a diverse mix of community organizations, tech companies, city, state and federal agencies, and individual civic entrepreneurs. The new Civic Hall plans to include the following workforce development partners: the New York City Foundation for Computer Science Education, General Assembly, Per Scholas, FedCap, Code to Work, and Coalition for Queens.
A new tool, NYC Protests, makes it easy to discover, engage with and join the many protests, rallies and marches happening in and around New York City to resist Trump.
With public displays of resistance proving to be a major factor in the resistance to President Trump’s agenda, NYC now has an easy, simple tool that allows thousands of activist-minded residents to join the fight. The newly launched site — www.nycprotests.com — has user-friendly calendars and alerts that make engaging with NYC’s protests easier than ever.
The site is free, easy to follow and optimized for the way we consume info today, with desktop and mobile optimized versions of the website, plus an active Twitter, Facebook and mailing list.
“In the days following the Women’s March, we saw hundreds of posts on social media from New Yorkers asking how they could find more protests, rallies and marches,” says NYC Protests’ Brooklyn-based founder, who has chosen to remain anonymous for employment reasons. “So we created an easy, simple tool for New Yorkers to stay engaged with the resistance.”
This November saw the passing of one of our greats – poet, novelist, monk, songwriter, and heart-melting baritone Leonard Cohen. To commemorate the death of our favorite ladies’ man, we present a series showcasing Cohen on the big screen: as subject, soundtrack, actor, and inspiration.
