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developer

Flemming hosts private fundraiser at Golf Course owned by Lakewood developer, courts Orthodox bloc vote

October 10, 2022October 7, 2022
Flemming hosts private fundraiser at golf course owned by lakewood developer, courts orthodox bloc vote - photo licensed by shore news network.

Days after recusing himself from a Planning Board hearing for prominent Lakewood developer, Flemming hosts fundraiser with private school developer at Jackson golf course he …

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Flemming recuses self over conflict of interest with developer of proposed religious school application

October 4, 2022
Flemming recuses self over conflict of interest with developer of proposed religious school application - photo licensed by shore news network.

JACKSON TOWNSHIP, NJ – Jackson Township Council President Marty Flemming, who also serves on the Jackson Township Planning Board, recused himself from a controversial development …

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Maryland United States Attorney’s Office Resolves Disability Discrimination Lawsuit Against Maryland Developer Involving Multifamily Housing Complexes

September 27, 2022
Maryland united states attorney’s office resolves disability discrimination lawsuit against maryland developer involving multifamily housing complexes - photo licensed by shore news network.

Baltimore, Maryland – United States Attorney for the District of Maryland Erek L. Barron and Assistant Attorney General Kristen Clarke of the Department of Justice’s …

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Developer Sunac China seeks to extend payment for 4 billion yuan bond for the 3rd time-sources

September 27, 2022
Developer sunac china seeks to extend payment for 4 billion yuan bond for the 3rd time-sources - photo licensed by shore news network.

SHANGHAI (Reuters) – Struggling Chinese property developer Sunac China is seeking to extend the repayment for a 4 billion yuan ($558.35 million) bond for the …

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Sony to buy mobile game developer in push beyond consoles

August 29, 2022
Sony to buy mobile game developer in push beyond consoles - photo licensed by shore news network.

By Sam Nussey TOKYO (Reuters) – Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business Savage Game Studios for …

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Timeline: Snowballing crisis at Evergrande, world’s most indebted developer

July 29, 2022
Timeline: snowballing crisis at evergrande, world's most indebted developer - photo licensed by shore news network.

HONG KONG – China Evergrande Group will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener for restructuring offshore …

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Chinese property developer Ronshine misses interest payments on two bonds

July 10, 2022
Chinese property developer ronshine misses interest payments on two bonds - photo licensed by shore news network.

HONG KONG – Chinese property developer Ronshine China Holdings Ltd has not made interest payments on its June 2023 and December 2023 notes, totalling $27.9 …

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S&P upgrades Chinese developer Greenland days after cutting to ‘selective default’

June 29, 2022
S&p upgrades chinese developer greenland days after cutting to 'selective default' - photo licensed by shore news network.

HONG KONG – S&P Global Ratings raised Greenland Holdings Corp Ltd by one notch to “CCC” on Wednesday, after the Chinese state-backed property developer completed …

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Real Estate Developer Found Guilty of Fraud, Bribery and Obstruction Charges for Paying $500,000 in Cash to City Officials

June 27, 2022
Real estate developer found guilty of fraud, bribery and obstruction charges for paying $500,000 in cash to city officials - photo licensed by shore news network.

          LOS ANGELES – A real estate developer and one of his companies were found guilty by a jury today of federal criminal charges for …

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Developer Proposes to Build 550 Multi-family Units at Peddler’s Village Site

June 23, 2022
Developer proposes to build 550 multi-family units at peddler's village site - photo licensed by shore news network.

WALL TOWNSHIP, NJ – During the 1980s, it was the epitome of outlet shopping. Peddler’s Village, located at the Atlantic Avenue Circle was one of …

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Vancouver Real Estate Developer Faces Federal Charges for Fraudulently Obtaining Covid-Relief Program Funds, Laundering Proceeds

June 17, 2022
Vancouver real estate developer faces federal charges for fraudulently obtaining covid-relief program funds, laundering proceeds - photo licensed by shore news network.

PORTLAND, Ore.—A federal grand jury in Portland has returned an indictment charging a real estate developer residing in Vancouver, Washington, and Lake Havasu, Arizona, with …

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Mo Hill, Council Scrap Plan to Convert Huddy Park Green Acres into Private Developer Land Sale For Now

June 9, 2022
Mo hill, council scrap plan to convert huddy park green acres into private developer land sale for now - photo licensed by shore news network.

TOMS RIVER, NJ – A plan by Toms River Mayor Maurice Hill to convert a parking lot which is part of the Huddy Park Green …

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Former Bank Vice President And Real Estate Developer Sentenced To Federal Prison For Bank Fraud Conspiracy And Aggravated Identity Theft

June 7, 2022
Former bank vice president and real estate developer sentenced to federal prison for bank fraud conspiracy and aggravated identity theft - photo licensed by shore news network.

TALLAHASSEE, FLORIDA – Jennifer Woods, 46, of Panama City, Florida, and Jeffrey Cannon, 48, of Orlando, Florida, were sentenced on March 9, 2022, and today, …

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Downtown Toms River Developer Wants to Build Higher

July 1, 2022June 1, 2022
Downtown toms river developer wants to build higher - photo licensed by shore news network.

TOMS RIVER, NJ – A developer, 27 Washington Street Associates wants to rebuild higher after a fire destroyed the former building located at the corner …

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China developer Greenland seeks to extend $488 million bond payment – memo

May 27, 2022
China developer greenland seeks to extend $488 million bond payment - memo - photo licensed by shore news network.

SHANGHAI -State-backed Chinese property developer Greenland Holdings said on Friday it plans to extend the repayment of its $488 million offshore bond maturing in June …

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California Real Estate Developer Faces Federal Charges for Using Stolen Identities to Obtain COVID-Relief Program Funds

May 26, 2022
California real estate developer faces federal charges for using stolen identities to obtain covid-relief program funds - photo licensed by shore news network.

PORTLAND, Ore.—A federal indictment was unsealed today charging a California real estate developer with using stolen identities to fraudulently obtain more than $1.5 million in …

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Chinese developer Sunac misses bond coupon payment as grace period ends-sources

May 11, 2022
Chinese developer sunac misses bond coupon payment as grace period ends-sources - photo licensed by shore news network.

HONG KONG -Some of Sunac China’s bondholders had not received coupon payments from the property developer on a $750 million offshore bond by the close …

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Three Sentenced In Loan Scheme To Defraud Four Churches And Developer

May 5, 2022
Three sentenced in loan scheme to defraud four churches and developer - photo licensed by shore news network.

Damian Williams, the United States Attorney for the Southern District of New York, announced that JEFFERY N. CROSSLAND was sentenced yesterday to 51 months in …

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Real Estate Developer Agrees to Plead Guilty to Bribery Related to $45 Million Government Lease and Other Preferential Contracts

April 27, 2022
Real estate developer agrees to plead guilty to bribery related to $45 million government lease and other preferential contracts - photo licensed by shore news network.

          LOS ANGELES – A real estate developer has agreed to plead guilty to a federal criminal charge for offering to buy a million-dollar home …

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Local Real Estate Developer Pleads Guilty To Tax Evasion

April 26, 2022
Local real estate developer pleads guilty to tax evasion - photo licensed by shore news network.

          GRAND RAPIDS, MICHIGAN – A man pleaded guilty to tax evasion arising from his near decade-long effort to prevent the …

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China developer Zhenro defaults on interest payments for two offshore bonds

April 11, 2022April 10, 2022

HONG KONG – China’s Zhenro Properties said it has missed interest payments on two offshore bonds and expects four more defaults in the coming months …

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Property developer China Vanke expects 2022 profit to stabilise

March 31, 2022
Property developer china vanke expects 2022 profit to stabilise - photo licensed by shore news network.

HONG KONG – China Vanke, the country’s No.2 property developer by sales, said on Thursday it expects its net profit to stabilise in 2022 after …

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Arizona Developer Agrees to Resolve Long-Running Clean Water Act Enforcement Action for Over One Million Dollars

March 21, 2022
Arizona developer agrees to resolve long-running clean water act enforcement action for over one million dollars - photo licensed by shore news network.

CHARLESTON, SOUTH CAROLINA — On Friday, March 18, 2022, U.S. District Court Judge David C. Norton of the U.S. District Court for the District of South …

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Indiana Real Estate Developer and Property Manager Admits Ponzi Scheme to Defraud Investors of Millions of Dollars

March 1, 2022
Indiana real estate developer and property manager admits ponzi scheme to defraud investors of millions of dollars - photo licensed by shore news network.

NEWARK, N.J. – A property developer and manager from Indiana today admitted his role in a scheme to defraud real estate investors, U.S. Attorney Philip …

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Developer Proposes 12 Acre Warehouse Project in Jackson

February 25, 2022
Developer proposes 12 acre warehouse project in jackson - photo licensed by shore news network.

JACKSON TOWNSHIP, NJ – A developer is proposing to build a 12-acre commercial warehouse subdivision just one mile north of the Adventure Crossing project where …

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Chinese developer Shimao-guaranteed $174 million notes due March may not be redeemed – trustee

February 23, 2022
Chinese developer shimao-guaranteed $174 million notes due march may not be redeemed - trustee - photo licensed by shore news network.

HONG KONG – Some 1.1 billion yuan ($174 million) of asset-back notes guaranteed by Shimao Group may not be redeemed on maturity next month, the …

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Boston-Area Real Estate Developer Sentenced for Tax Evasion

February 17, 2022

BOSTON – A Tewksbury real estate developer was sentenced yesterday in federal court in Boston for defrauding the government of more than $480,000 by engaging …

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Chinese developer Shimao slips on loan payment delay plans, asset freeze reports

February 16, 2022
Chinese developer shimao slips on loan payment delay plans, asset freeze reports - photo licensed by shore news network.

HONG KONG – Shares of cash-strapped Chinese property developer Shimao Group eased on Thursday, after it sought to extend payments of a $947 million trust …

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China developer Yango, investors agree to delay onshore coupon payment -source

February 9, 2022
China developer yango, investors agree to delay onshore coupon payment -source - photo licensed by shore news network.

BEIJING – Chinese Developer Yango Group Co Ltd has reached agreement with investors to delay a 40 million yuan ($6.29 million) onshore coupon payment by …

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Chinese developer Shimao shares rise nearly 5% after more asset disposals

January 30, 2022
Chinese developer shimao shares rise nearly 5% after more asset disposals - photo licensed by shore news network.

HONG KONG – Shares of cash-strapped Shimao Group rose on Monday after the Chinese developer and its chairman sold a Shanghai hotel and a stake …

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Brooklyn developer gets 5 years in prison in Riverside Watch trial

January 28, 2022
Brooklyn developer gets 5 years in prison in riverside watch trial - photo licensed by shore news network.

Burlington County Prosecutor Scott Coffina announced that a New York developer who purchased a historic Riverside commercial building to create luxury apartments in the seven-story …

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Largest Chinese Residential Developer Defaults On Massive Debt

December 9, 2021

A major credit ratings firm declared that real estate giant China Evergrande was in default on Thursday, creating the potential for the communist country’s financial …

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Raleigh Real Estate Developer Sentenced to Decade in Prison for Real Estate Ponzi Scheme and Firearm Possession Charges

November 16, 2021
Raleigh real estate developer sentenced to decade in prison for real estate ponzi scheme and firearm possession charges - photo licensed by shore news network.

RALEIGH, N.C. – A Raleigh man was sentenced today to ten years in prison on charges of Wire Fraud, in violation of Title 18, United …

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Toms River extends the deadline for hi-rise developer to build more downtown apartments

November 10, 2021November 10, 2021
Toms river extends the deadline for hi-rise developer to build more downtown apartments - photo licensed by shore news network.

TOMS RIVER, NJ – With no solid plan on the table to build more hi-rise apartment complexes in Downtown Toms River, the township council voted …

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Dallas Real Estate Developer Sentenced to 8 Years in Prison for Bribery

November 10, 2021
Dallas real estate developer sentenced to 8 years in prison for bribery - photo licensed by shore news network.

A Dallas real estate developer was sentenced today to eight years in federal prison for bribing two former Dallas City Council members, Carolyn Davis and …

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Flemming hosts private fundraiser at Golf Course owned by Lakewood developer, courts Orthodox bloc vote

October 13, 2022December 22, 2020
Flemming hosts private fundraiser at golf course owned by lakewood developer, courts orthodox bloc vote - photo licensed by shore news network.

Days after recusing himself from a Planning Board hearing for prominent Lakewood developer, Flemming hosts fundraiser with private school developer at Jackson golf course he …

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