Page 2 - Prodigy Network News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Real Deal has won a general excellence from the Society for Advancing Business Editing and Writing. TRD received the honor — its third general excellence award from SABEW — in the industry publication category for stories published in 2020. The winning submission included: An in-depth feature about 220 Central Park South, the world’s most successful condominium, by E.B. Solomont and Hiten Samtani. The story examined how a limestone tower overlooking Central Park reaped over $1 billion in profits and came to encapsulate not just the blood sport of luxury New York real estate but also...

The auction announcement comes three weeks after Prodigy filed for Chapter 7 bankruptcy, and nearly a year after the crowdfunding network’s founder Rodrigo Niño died. The company is facing more than a dozen lawsuits filed by investors who reportedly poured more than $690 million into its investment platform. A lawyer for Prodigy Network did not respond to a request for comment. More than $50 million of equity for the Assemblage John Street development came from small-time investors who were lured by the promise of higher returns. According to the investor materials reviewed by The Real Dea...

Larry Korman and Joe Lubeck (iStock) A multifamily investment firm and a luxury hotel residences company have partnered to launch a $500 million hotel investment fund, seeking to take advantage of opportunities created by the pandemic. Electra America Hospitality Group, a joint venture between Electra America and AKA, plans to focus on properties in New York City, Miami, Los Angeles, Washington D.C., Toronto and London, said Russ Urban, CEO of the new partnership. The joint venture recently closed on $100 million in capital. “Anybody that’s selling a hotel in this environment today clearl...

The Canadian Imperial Bank has filed to foreclose on Prodigy Network’s AKA-branded hotel building at 234 East 46th Street.

Real estate investment platform Prodigy Network is again facing suit, as a group of investors who collectively ponied up $4.65 million in support of a luxury apartment building development in Chicago accused the developer and its CEO of securing their support through lies and squandering their cash through incompetence.