Page 14 - Vanbarton Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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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...

Inman Connect As President Joe Biden’s $1.9 trillion American Rescue Plan hangs in the balance, more than 160 of the nation’s most influential executives are advocating for its passage through a letter addressed to majority and minority leaders Chuck Schumer, Nancy Pelosi, Mitch McConnell and Kevin McCarthy. Among the 160 signees are 27 residential and commercial real estate executives, including Zillow Co-Founder and CEO Rich Barton, The Corcoran Group President and CEO Pamela Liebman, and WeWork CEO Sandeep Mathrani. “We write to urge immediate and large-scale federal legislation to ...

Share via Shortlink Photo illustration of Rodrigo Niño, with Shorewood’s Larry Davis, 84 Williams Street and 331 Park Avenue South (Getty, Google Maps, iStock/Illustration by Alexis Manrodt for The Real Deal) Johanna Trujillo invested $20,000 in what seemed like a sure thing — a piece of Manhattan real estate. She and her mother bought into a co-working development with meditation rooms and views of Park Avenue South. That was the draw of Prodigy Network: It allowed regular people to make real estate investments that were usually accessible only to the rich and well connected. Tr...

  HFZ Capital Group is in danger of losing another project in its embattled development portfolio. Ziel Feldman’s firm is facing foreclosure on the mezzanine position at a NoMad development site where it plans to build a 600,000-square-foot office tower, according to a notice scheduling the UCC auction reviewed by The Real Deal. The mezzanine lender on the site, the Vanbarton Group, has scheduled a UCC foreclosure auction for late March. Representatives for HFZ and Vanbarton Group did not immediately respond to requests for comment. Eastdil Secured, which is handling marketing for the auct...