Page 3 - Raphael Toledano News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share via Shortlink From left: Letitia James, Raphael Toledano and Josh Zegen with 223 East 5th Street and 325 East 12th Street (Getty; Google Maps; Toledano by Michael McWeeney) Madison Realty Capital has agreed to give more than $1 million in rent credits to tenants of Raphael Toledano’s East Village portfolio — once it takes over the 15 buildings. The private equity firm settled claims that when it issued Toledano $124 million to acquire the properties, it knew or should have known that the landlord’s business plan hinged on aggressively and illegally deregulating apartments....

UpdatedTue, Dec 15, 2020 at 4:26 pm ET Reply Real estate private equity firm Madison Realty Capital will have to pay more than $1 million to tenants in the Village for knowingly hiring a landlord notorious for harassment and unsafe construction. (Shutterstock) VILLAGE, NY — Real estate private equity firm Madison Realty Capital will have to pay more than $1 million to tenants in the Village for knowingly hiring a landlord notorious for harassment and unsafe construction. Attorney General Letitia James announced Tuesday an agreement that secures over $1 million in rent credits for harassed t...