Page 3 - Clipper Equity News Today

Developer David Bistricer of Clipper Equity secured a $79M construction loan for a Williamsburg multifamily project.

First filed RSA and CHIP had their lawsuit locked and loaded when Gov. Andrew Cuomo signed off on the rent law in June 2019. They filed just two weeks later with an argument that would become the basis of suits to follow. The rent law violates the U.S. Constitution’s Fifth and Fourteenth Amendments, their complaint argued. Specifically, a “takings clause” in the Fifth Amendment bars governments from seizing private property without compensating owners — the RSA suit argues that rent reg...

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Clipper Equity refinanced 141 Livingston Street in Downtown Brooklyn with a $100 million CMBS loan.

  Manhattan’s luxury market has another strong week under its belt. Last week, there were 38 contracts for properties asking $4 million or more — the best week since August 2016 when 43 contracts were inked, according to Olshan Realty’s latest market report. Of the 38 homes that went into contract last week, the vast majority were condos in addition to seven co-ops and three townhouses. Last week’s contract activity is a continuation of the upward trend that began in Manhattan’s luxu...

Share via Shortlink From left: 410 Tenth Avenue, 100 Park Avenue, 230 East 20th Street, 30 Morningside Drive, SL Green’s Marc Holliday (Photos via Google Maps, Getty, Gramercy Square, 30 Morningside Drive/Illustration by Kevin Rebong for TRD) The 10 largest Manhattan loans recorded in January totaled $1.95 billion, a 7 percent decrease from December’s total. For the first time, the top loan of the month was for an acquisition that went into contract during the pandemic: a hefty CMBS...