Page 13 - Vanbarton Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

How Rodrigo Niño’s Prodigy Network collapsed, jeopardizing the investments of thousands of out-of-pocket investors.

Foreign real estate investors accused the Vanbarton Group of striking a backroom deal with a Protestant church to squeeze it out of $60 million invested into one of HFZ’s insolvent development projects

The 10 largest Manhattan loans recorded in May 2021 totaled $1.84 billion, including deals for Durst’s 1133 Sixth Avenue and 114 West 47th Street.

San Francisco construction company, Swinerton, announced it is entering the New York market for the first time in the firm’s 133-year history. Ranked among the top general contractors in California, the company said it has accelerated its business plan by five years to capitalize on the city’s post-pandemic recovery.   ERIC FOSTER “Despite the uncertainty due to the pandemic that adversely impacted New York City, particularly in the office market sector, Swinerton sees opportunity in crisis,” said Eric Foster, CEO of Swinerton.  “We build nationally and will connect with our lon...

Vanbarton representatives declined to comment on the lawsuit. Representatives for Pavarini McGovern did not respond to requests for comment. The lawsuit is just the latest sign of upheaval at the project, a 34-story office tower that HFZ was developing with the Marble Collegiate Church. HFZ lost an effort last month to stop the foreclosure sale of the $90.9 million mezzanine loan that Vanbarton Group had provided for the project. A trio of EB-5 funds that invested a total of $60 million in the project sued Vanbarton on April 22 to stop the foreclosure auction, claiming that the lender wa...