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…
Chinese developer Shimao shares rise nearly 5% after more asset disposals
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 in a Hong Kong development, respectively, for…
Brooklyn developer gets 5 years in prison in Riverside Watch trial
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 landmark has pled guilty to using the…
Largest Chinese Residential Developer Defaults On Massive Debt
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 system to take a significant hit, The…
Raleigh Real Estate Developer Sentenced to Decade in Prison for Real Estate Ponzi Scheme and Firearm Possession Charges
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 States Code, Section 1343, and Possession of…
Toms River extends the deadline for hi-rise developer to build more downtown apartments
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 to extend the timetable for the Capodaglia…
Dallas Real Estate Developer Sentenced to 8 Years in Prison for Bribery
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 Dwaine Caraway, Acting U.S. Attorney for the…
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…
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