Philip Falcone is at the end of the road in a battle to sell two of his pricey homes his way. A New York State Supreme Court judge dismissed the embattled financier’s request for a temporary restraining order to block Melody Capital’s UCC foreclosure on his Upper East Side townhouse and Hamptons mansion, according to a ruling filed Friday. Now, the auction can move forward as scheduled on April 13. Falcone, who founded the hedge
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SoftBank has upped its stake in Compass, shelling out $72 million to buy stock in the newly public company. The tech giant, already Compass’ largest shareholder, purchased 4 million shares on April 6 at $18 per share, bringing its total investment to 132.4 million shares, according to filings with the U.S. Securities and Exchange Commission. Sources said the transaction was made as part of Compass’ IPO. On Friday, following a lackluster week of trading in
UPDATED April 12, 2021, 11:28 a.m.: An Albany judge sided with the real estate industry Friday, declaring New York state regulators’ attempt to ban tenants from paying landlords’ broker fees an “error of law.” The decision comes more than a year after the Department of State issued guidance banning the practice. That guidance offered regulators’ interpretation of the Housing Stability and Tenant Protection Act, which became law in June 2019. In response, prominent real estate
Larry Ellison, billionaire co-founder of Oracle Corp., paid $80 million for the North Palm Beach estate owned by hedge fund manager Gabriel A. Hoffman. The sale, which closed slightly above the $79.5 million asking price, was first reported by the Wall Street Journal. It adds to a dizzying number of ultra-high-end deals to close over the past year in South Florida. Ellison is worth nearly $100 billion, according to Forbes. He’s chairman and chief technology
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