Developer Threatens to Sue Jackson For $120 Million After Town Council Closes Overdevelopment Loophole
JACKSON, N.J. — Vito Cardinale, the principal developer of Adventure Crossing, has threatened to sue Jackson Township over an ordinance passed last year that blocks him from building 1,150 housing units at…
Controversial New Jersey offshore wind developer Asking for more taxpayer funds
SEASIDE HEIGHTS, NJ – According to a Politico article by Ry Rivard, the Danish wind developer responsible for constructing New Jersey’s first industrial offshore wind farm is seeking additional funds from state…
Lawyer for Toms River’s Downtown Hi-Rise Developer Hosts Fundraiser for Mo Hill
TOMS RIVER, NJ – Two weeks ago, Toms River Mayor Maurice “Mo” Hill claimed Capodagli, Inc., the builder he sold a prime piece of real estate in Downtown Toms River to, for…
Selling Toms River School Property to Developer was ‘never an option’, Superintendent
TOMS RIVER, NJ – The land deal by the Township of Toms River to purchase a 17-acre tract of land near Silver Bay Elementary School was nothing more than a way for…
Developer seeks variance for minor subdivision for construction of duplex in Lakewood
LAKEWOOD, NJ – River Equities, LLC has submitted an application for Minor Subdivision, Conditional Use, and Bulk Variance approval of Lot 8 in Block 420.01, known as 450 River Avenue, to the…
We’re Concerned: Seaside Heights mayor speaks out on delays by 10-story building developer
SEASIDE HEIGHTS, NJ – For years it was one of the most iconic structures in Seaside Heights—a rusted-out steel framed skeleton of a building that was never built. Eventually, the building at…
Chinese property developer Sunac posts $2 billion core loss in 2022
HONG KONG (Reuters) – Major property developer Sunac China on Friday logged a net narrowing core loss of 13.86 billion yuan ($2.02 billion) in 2022, as the debt-laden firm slowed its project…
Mobile games developer Huuuge says has $24.2 million at SVB
(Reuters) – Mobile games developer Huuuge Inc said late on Saturday about 10% of its cash and securities were held at the collapsed Silicon Valley Bank (SVB), adding it has sufficient resources…
Iraq war veteran to challenge Iranian-born developer in bid for Ocean County Commissioner
LAKEWOOD, NJ – United States Air Force Lt. Colonel Menashe Miller, a veteran of the Global War on Terror (GWOT) has announced he is challenging GOP-selected candidate Frank Sadeghi, an Iranian-born developer,…
General Contractor And Real Estate Developer Plead Guilty In Connection With Worker Death On Construction Site In Poughkeepsie
Damian Williams, the United States Attorney for the Southern District of New York, announced today that ONEKEY, LLC, a New Jersey construction company, and its principal, FINBAR O’NEILL, pled guilty to willfully…
Non-Fungible Token (NFT) Developer Charged in Multi-Million Dollar International Fraud Scheme
A criminal complaint was unsealed today in federal court in Brooklyn charging Aurelien Michel, a French national residing in the United Arab Emirates (UAE), with defrauding purchasers of “Mutant Ape Planet” NFTs,…
Developer China South City sells 70% stake in Xian projects for $717 million
HONG KONG (Reuters) – Chinese logistics and commercial developer China South City Holdings Limited said it had agreed to sell a nearly 70% shareholding in a business that holds its projects in…
Developer Sentenced to 4 Years in Federal Prison for Offering a Million-Dollar Bribe to Secure a $45 Million L.A. County Lease
LOS ANGELES – A real estate developer was sentenced today to 48 months in federal prison for offering to buy a million-dollar home for a Los Angeles County public official in…
Real Estate Developer and Attorney Both Admit to Multimillion-Dollar Mortgage Fraud Scheme
TRENTON, N.J. – A New Jersey real estate developer and attorney each admitted today to conspiring to orchestrate a mortgage fraud scheme that led to over $3.5 million in losses, U.S. Attorney…
Stellantis to buy software developer aiMotive in autonomous driving push
MILAN (Reuters) – Carmaker Stellantis said on Thursday it had agreed to buy aiMotive, a Hungary-based developer of advanced artificial intelligence and autonomous driving software, to advance its technology development efforts. No…
Carlyle launches European clean energy developer: ‘We would rather build’
By Isla Binnie NEW YORK (Reuters) – Private equity firm Carlyle Group Inc has formed a unit to build solar and other renewable energy plants as part of a push into creating…
Chinese developer Greenland seeks offshore bond payment extension
By Xie Yu HONG KONG (Reuters) – Chinese property developer Greenland Holdings Corp said on Monday it was seeking its offshore bondholders’ approval to extend repayment on its bonds due between next…
Chicago Real Estate Developer Puts Fizz into A&W’s Growth Strategy with Plans for Five Restaurants
Lee and Karin Fry Reopening Former Burger King as an A&W Iconic brand focusing on Chicago as part of aggressive expansion plan Lexington, KY (-) After spending more than 30 years helping…
After meeting with prominent Lakewood developer, Flemming accused of selling out, but did he?
JACKSON, NJ – Last week, Jackson Township Councilman Marty Flemming hosted a $300 per head fundraiser at a golf course owned by Mordechai Eichorn, a Lakewood real estate agent. Eichorn is also…
Flemming backs off pledge to stop overdevelopment in Jackson days after meeting with Lakewood developer
JACKSON TOWNSHIP, NJ – Jackson Township Council President Marty Flemming is running for mayor in November and along the campaign trail, has pledged to stop overdevelopment in Jackson. Days after meeting with…
Lansing Real Estate Developer Sentenced To Prison For Tax Evasion
Scott Chappelle Concealed Income and Assets to Avoid Paying More than $1.6 Million in Taxes, While Maintaining a Lavish Lifestyle GRAND RAPIDS, MICHIGAN — Scott Chapelle, 61,…
Former FBI Special Agent and D.C. Real Estate Developer Found Guilty of Bribery
WASHINGTON –A former FBI agent and a real estate developer were found guilty by a jury today of federal bribery and conspiracy charges. …
Flemming hosts private fundraiser at Golf Course owned by Lakewood developer, courts Orthodox bloc vote
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 owns. JACKSON, NJ – Jackson Township Councilman…
Flemming recuses self over conflict of interest with developer of proposed religious school application
JACKSON TOWNSHIP, NJ – Jackson Township Council President Marty Flemming, who also serves on the Jackson Township Planning Board, recused himself from a controversial development application, citing a personal conflict of interest…
Maryland United States Attorney’s Office Resolves Disability Discrimination Lawsuit Against Maryland Developer Involving Multifamily Housing Complexes
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 Civil Rights Division announced today that Maryland-based…
Developer Sunac China seeks to extend payment for 4 billion yuan bond for the 3rd time-sources
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 third time by pushing out the deadline…
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