Our landlord, BLACKSTONE, can't handle Stuy Town and Peter Cooper Village. There is a lack of enforcement of certain "rules," and no amount of notice to this alleviates the problems. We are continually being told half-truths and fabrications. And we have no viable Tenants organization, despite our TA asking for dues all the time. So far, the politicians have proven to be basically useless. A typical New York story.
Tuesday, November 25, 2014
The Enemy - Part 2
He's on the list! Funny, I thought he was a Republican.
Bill de Blasio picks 101 member host committee in push to win 2016 Democratic National Convention
If the Tenant Pac is serious and gets serious about protecting the people's rights then they need to stop playing defense and start playing offense. REBNY is full on playing offensive (pun intended)!
There are a lot of important NYC'ers that should be on this. De Blasio slipped and stepped in it with this one...and needs to add people so the list is representative of NYC'ers. A list of Importance - not a list of Moneyed.
It is rumored that BOTH the Democratic and Republican Presidential Nominating Conventions will be held on the Stuyvesant Town Oval...for residents and registered guests only...lol... CW Cap and Compass Cock would sell their own mothers to gouge an extra nickel out of this dump. P.S. Isn't that monstrosity The Courts which has usurped Playground #11 an abomination? Kind of reminds me of a giant shroud....which is what they probably wrapped the suckers who paid $5.4 billion for this place.
So sick of these parasitic users like De Blasio. He obviously thinks that the voters of New York City are stupid and gullible. True we were sick of Emperor Bloomberg, Champion of the One Percent, but we hoped for better when we voted for De Blasio. His policies are as weak as cheap toilet paper and just as abrasive and so long as he has that buffoon Al "Tawana Brawley" Sharpton as his crime-fighting advisor, I have zero respect for him. Along with his hanger-on wife and her criminally-inclined "Chief of Staff" raiding our pockets, I don't see any reason to ever vote for this clown again.
POST SIGNS IN LOBBIES FOR TENANTS TO REDUCE NOISE, STOP RUNNING IN HALLS AND APARTMENTS. IT IS NOT OK AND WE HAVE HAD IT. THERE ARE 4 PEOPLE AND MORE NOW IN ONE BEDROOMS.
GET CARPETS. STOP SCREAMING AND JUMPING AND RUNNING. W.T.F.
Lee Whelchel a year ago Horrible, in a few short weeks they lost a package (and wouldn't look for it), returned a package (and tried to blame the post-office), accepted a package and then didn't notify me they had it. When you ask to speak to a manager the clerks make homophobic remarks and tell you they "feel threatened." There is no manager on site and no one available by phone. They promise to "look into" these failings and then don't.
Between 2011 and 2014, Brookfield financed the Cuomo and Democrats to the tune of $813,000, compared with $210,000 in donations to Republicans in the three-year period ending in 2006, according to NYPIRG analysis cited by the website.
Governor Cuomo is facing scrutiny over his alleged interference in an anti-corruption panel he himself established. The so-called Moreland Commission had questioned his ties to the real estate industry. [Capital NY] – Tom DiChristopher
- See more at: http://therealdeal.com/blog/2014/08/05/some-real-estate-firms-now-donate-more-to-dems/#sthash.Ye1DAgiT.dpuf
The Brookfield fix is a bought and paid for done deal in Albany. "Tenant-led bid" my a** Seriously stop insulting people and call it what it is - a Brookfield / political deal.
With all the destruction to communities NYU Langone is doing across all the boroughs and especially the West and East village / PCVST how can he take their $ and be the top of the list at that?
According to a former management person there are a few more big construction projects planned and in the works for years now that the "TA" is keeping secret from residents to help the buyers increase their profits.
Boss Tweed must be turning in his grave and groaning about how he was so persecuted and mis-understood because compared to the politicians we have now, he was a SAINT! I will never vote again until something is done about these criminals who pose as "politicians" today. They all disgust me and make me sick to my stomach.
Since the sale to Tishman and then their foreclosure. from the politicians RE got laws and loopholes implemented to commercialize the park open space and evict the rent stabilized constituents and residents got lip service and photo ops. Not one law protecting residents and when there was a loophole favoring residents RE got it immediately closed.
The 2013 REBNY annual report posted by a commentator summarizes and says it all.
People are not coming out to protest or fighting the fight as they know it is pointless. We have serious corruptness going on and GL fighting. We are moving next summer. had.enough.
I know I was (and I never voted for him), but this community elected him three times, against its own interests. It took 12 years for some people to wake up even though it was clear in 2006 that he was a disaster for us.
I had surgery in NYU/Langone Medical Center a few years ago. My insurance company paid a hefty bunch of fees well into the six figures. Since then, I get periodic solicitations from NYULMS for donations, so it's galling to see that NYULMS has the big steel balls to donate so much money to Chucky Cheese Schumer. These NY pols are such loathsome slimeballs!
A giant real estate company. A storied apartment complex in rent regulated New York City. An unprecedented economic crisis. It’s a recipe for trouble. By Kelly Nolan
For NOISE problems with NYU call and report to 311 AND report to the Senior VP Student Affairs
Marc Wais
Senior Vice President for Student Affairs marc.wais@nyu.edu
And
Dr. Tom Ellett, New York University, Associate Vice President of Student Affairs NYU
tom@ellettpartners.com
Ellett & Partners
http://www.ellettpartners.com/
If these people:
Residence Hall Director Stuy Town / Diversity Educator
Residence Hall Resource Manager Stuy Town
are not doing their paid jobs and the students are disrupting this community report them too when calling 311.
To get in touch with the Division of Student Affairs on the Square, call 212.998.4410, visit us on the sixth floor of the Kimmel Center for University Life, or email student.affairs@nyu.edu.
The NYU residence Hall directors have special large suites built for them on site to control the student populations and Dr Ellett brags life coaching prowess so make his company live up to its promise and his students behave as this middle class community deems appropriate. We are not a college campus despite the best efforts to make it so, we need to take back our community.
NY Senate is bought and paid for NY Citizens are starving paycheck to paycheck
Their target and special Senate session is targeting our children. Starving then testing then Destroying our children's schools.
The same hedge-fund managers who bought the New York State Senate now want to take over public education in the state and strip it bare, while they celebrate excessive wealth in high style. They’re pushing for a special session in Albany this December to cement the takeover of education policy.
In our Capitol, Albany lawmakers enjoy a flood of money, personal accounts, and protection for incumbents against attacks. In the Districts—the cities and towns of New York—the reality is bleaker. Citizens must work to survive and make do with the limited resources afforded to them by the Capitol.
While Governor Andrew Cuomo appears to be orchestrating this show, the truth is that much like Caesar Flickerman, he’s merely a stage manager, doing the bidding of those truly in power: his billionaire hedge-fund donors. The real power lies in a handful of men like Dan Loeb, who personally put up a million dollars to take over the Senate. Loeb owns a $100 million penthouse on Central Park West and a $50 million yacht. Louis Bacon, another big donor, owns land all over the world, including a grouse-hunting estate in Scotland.
Billionaire hedge funders are attacking our homes and attacking our children. Citizens need to publicly loudly shout out NO MORE.
"The school wars are a threat to our democracy in two ways. First, they give too much power to a small handful of people to decide policy, simply because they’re big donors. Second, they threaten one of the most precious resources in our state: public education that is open to all children.
For the first few years, the public was fairly docile in response to the school wars. But in the last year, New Yorkers across the state have been standing up, holding rallies against starving, testing, and the destruction of our public education.
The hedge funders would like to push through big structural and funding changes in a special session in Albany in the next few weeks. But as President Snow has learned, people will only take so much before they start resisting."
Constituents deserve transparency on all these points made in this article AND who and what businesses tied to the outside income of which politicians got favoritism and favors from the politician in the way of policies and laws.
The the TAboard commenter who is trolling this site and who keeps complaining about residents and how we didn't come to your lame faked protest of the mid-lease increases .. stop complaining about residents! Maybe we didn't come to your protest because we work for a living and / or are busy with our kids and / or know that you sang the praises of the settlement approving the clause with the mid-term increases. You can't have it both ways where your actions are against the residents while your words and rallies try to make you look pro-tenant. We don't support your pretending to be pro-tenant. Period. Stop complaining about us residents! And even out the MCI charges so all residents and all apartments are charged evenly for the nyu campus security and nyu campus toilet flushes. Reading through the past months blogs disgust to no end of tghe assaults on PCVST.
Illegally overcharged tenants at Riverton before he defaulted and put the tenants at risk in foreclosure then into the grubby hands of CW who continued the illegal rent charge practices
then because he is buddies with the lawmakers he has not a scratch on him from the foreclosure and he bounces right back 12 months later to screw up people in williamsburg
on top of his roberts case - like antics in tribeca.
http://ny.curbed.com/tags/preet-bharara
these guys are working the system, screwing a lot of people over and over again in the same ways they get caught and no one (except preet who seems to be trying) is stopping them. many lawmakers are paving the way for these fools.
We need Preet to clean Albany, and save this community from the grubby people purchasing.
No more Larry Glucks, Brookfields, Tishmans, Speyers, Fortress and their recklessness with people's homes and many many foreclosures from which they leave a wake of destruction and emerge without a scratch. The largest mass eviction of middle class in the thousands here at PCVST between 2007 and 2013 and especially between 2010 and 2013.
“This is all just so vexing,” said Dina Levy, director of organizing and policy of the Urban Homesteading Assistance Board. “There are absolutely no consequences for his behavior.”
NYC pols gave Gluck millions to continue his terror on New Yorkers.
"According to critics, though, it is difficult to explain the city's decision last year to help Mr. Gluck buy Tivoli Gardens, a Brooklyn apartment building reserved for moderate- and low-income tenants under the Mitchell-Lama program. He made much of his fortune buying such properties and transforming them into market-rate units—reducing New York's rent-regulated inventory in the process. Prior commitment
Mr. Gluck had a long-standing contract to buy Tivoli Gardens, and the city needed someone to move the project along because the 320-unit property was deteriorating rapidly. The city is providing $43.7 million in financing, debt restructuring and renovation funding. In return, the developer has pledged to keep the building in Mitchell-Lama for an additional 30 years.
Even as Mr. Gluck begins fresh endeavors, however, his past deals present significant challenges. In December, an appellate court panel upheld a ruling prohibiting landlords who took buildings out of Mitchell-Lama from using a loophole in housing law to raise rents. Separately, a judge ruled last summer that Mr. Gluck illegally raised rents at a former Mitchell-Lama holding, 1,300-unit Independence Plaza in TriBeCa. Both decisions are being appealed.
Because of the lawsuit, the Independence Plaza loan is on a default watch list. But Mr. Gluck and his investors would not suffer if it defaults. He bought the building in 2003 for $156 million and refinanced it three years later for $565 million. That led many to speculate that he had recouped his investment. He employed the same strategy with the Riverton."
Same strategy over and over. We are next with the pols giving billions to developers to continue to screw PCVST.
Unless any one pol has the balls to go the direction of Penn South we can assume they are all in on it.
After Gluck sbankrupted Riverton into foreclosure burdening tenants what did Larry Gluck do?
Bought two multi million dollar houses in the Hamptons and built himself a $12 million house along with buying a couple of upper west side buildings and harassing the tenants there with false accusations to get them evicted out of home. No consequences for the wake of destruction of others.
Call FedEx Corporate Headquarters and let the legal department know that the packages in PCVST are not being delivered in a professional and safe manner then describe your specific story.
FedEx Corporation www.fedex.com
942 S Shady Grove Rd Memphis, TN (901) 818-7200 FedEx Corporation World Headquarters fedex.com
The following is excerpted from Mother Jones Magazine regarding Laurence Gluck and Riverton (Gluck is the guy who bought 16 Mitchell-Lama middle income complexes and has taken or is attempting to take them out of the Mitchell-Lama program, oust the long-term tenants, and charge everyone market rate) ......................................................................... "It all sounds like a classic tale of the bust except that, unlike ordinary people caught up in foreclosure proceedings, Gluck and his partners have made a fortune off Riverton Houses. Just as homeowners often take out some extra cash when they refinance a property, team Gluck pulled out $67 million—the high-roller version of cash at closing. A homeowner would be on the hook for that extra cash, but Gluck's group purchased Riverton through a limited liability shell company, which allows it to shelter its refinancing windfall in case of a default. Minus the down payment, the partners walk away with nearly $42 million. The Riverton deal exemplifies a strategy known as predatory equity."
Its not new or original. The scam is old as the players competing for predatory equity poster child.
Is there no politician of decency to hold accountable the illegal acts against their constituents?
Another Affordable Housing Default
"In yet another blow to the nation's affordable-housing stock, Stellar Management, star of our July/August 2009 story "Mortage Default: Landlord Edition," announced that it will go into default on Parkmerced, a 3,000-unit San Francisco housing project that Stellar purchased a few years back with the goal of remodeling and building new market-rate units.
Stellar and it's owner, Larry Gluck, are poster children for a financial tactic critics call "predatory equity"—a little-known trend of the past decade wherein private equity funds bought up housing developments and took out huge interest-only loans on them—often withdrawing tens of millions in cash in the process. They would then remodel the buildings as part of a strategy to drive up rents and flip the projects at a fat profit. MoJo contributor Adam Matthews described how this worked with another Stellar project, a group of Harlem high-rises known as Riverton Homes:
Gluck purchased Riverton Houses for $131 million in late 2005. Nearly all of them lived in rent-stabilized flats, paying an average of $894, while one-bedrooms in nearby areas like Central Harlem rented for $1,400 and up. Gluck reassured residents, though: He was just a regular guy from the Bronx who only hoped to upgrade their buildings.
But Gluck told the Securities and Exchange Commission (SEC) the full story when he borrowed $250 million against the complex the following December. By 2011, his prospectus estimated, half the tenants would pay nearly triple the old, stabilized rates. His company, Stellar Management, did set aside millions to redo bathrooms and outfit kitchens with stainless steel and granite—but those improvements were to entice residents to accept rent increases.
But then came the bust, and Riverton Homes went into default. In March, the Chronicle notes, it was sold to Wells Fargo for $125 million. But Gluck and his partners made out anyway, as Matthews explains:
Unlike ordinary people caught up in foreclosure proceedings, Gluck and his partners have made a fortune off Riverton Houses. Just as homeowners often take out some extra cash when they refinance a property, team Gluck pulled out $67 million—the high-roller version of cash at closing.
A homeowner would be on the hook for that extra cash, but Gluck's group purchased Riverton through a limited liability shell company, which allows it to shelter its refinancing windfall in case of a default. Minus the down payment, the partners walk away with nearly $42 million.
In December [2008], New York Sen. Charles Schumer urged the SEC to investigate, calling the situation "subprime crisis 2.0."
So Senator Schumer whatever came of your investigation?????
And why are you letting Brookfield / Tishman Speyer / CW Fortress do the same thing to us here?
Uncovered mattresses are a constant in any town, even though the city needs that all discarded cushions must be covered in plastic. What you see is one of the worse examples. The mattress and throw-aways have been there for four hours.
44 comments:
That list is Le Creme de la Crap. I hope Detroit gets the DNC.
The usual suspects and some not so usual--overall, I'd say a real mix of types. And no one from Airbnb!
1% of the list is impressive and 99% are unimpressive and / or white collar criminals
If the Tenant Pac is serious and gets serious about protecting the people's rights then they need to stop playing defense and start playing offense. REBNY is full on playing offensive (pun intended)!
This list disappoints greatly.
There are a lot of important NYC'ers that should be on this.
De Blasio slipped and stepped in it with this one...and needs to add people so the list is representative of NYC'ers. A list of Importance - not a list of Moneyed.
People want equality. Not inequality.
http://www.cnn.com/2014/11/25/us/national-ferguson-protests/
Please pick Philly or Ohio.
It is rumored that BOTH the Democratic and Republican Presidential Nominating Conventions will be held on the Stuyvesant Town Oval...for residents and registered guests only...lol... CW Cap and Compass Cock would sell their own mothers to gouge an extra nickel out of this dump.
P.S. Isn't that monstrosity The Courts which has usurped Playground #11 an abomination? Kind of reminds me of a giant shroud....which is what they probably wrapped the suckers who paid $5.4 billion for this place.
Is the "Reverend" Al on that list?
So sick of these parasitic users like De Blasio. He obviously thinks that the voters of New York City are stupid and gullible. True we were sick of Emperor Bloomberg, Champion of the One Percent, but we hoped for better when we voted for De Blasio. His policies are as weak as cheap toilet paper and just as abrasive and so long as he has that buffoon Al "Tawana Brawley" Sharpton as his crime-fighting advisor, I have zero respect for him. Along with his hanger-on wife and her criminally-inclined "Chief of Staff" raiding our pockets, I don't see any reason to ever vote for this clown again.
He is a wolf in sheep's clothing and a leech.
HAPPY THANKSGIVING TO YOU AND YOURS, STR!
THANK YOU FOR YOUR GREAT BLOG AND ALL THE TIME AND EFFORT AND PATIENCE WITH SOME OF US TURKEYS!!
OT STUYTOWN PCV.
POST SIGNS IN LOBBIES FOR TENANTS TO REDUCE NOISE, STOP RUNNING IN HALLS AND APARTMENTS. IT IS NOT OK AND WE HAVE HAD IT. THERE ARE 4 PEOPLE AND MORE NOW IN ONE BEDROOMS.
GET CARPETS. STOP SCREAMING AND JUMPING AND RUNNING. W.T.F.
>>HAPPY THANKSGIVING TO YOU AND YOURS, STR!<<
Thank you, and Happy Thanksgiving to you, your family and friends!
Oval Concierge
Review
https://plus.google.com/104616836793755072398/about?hl=en&gl=us
Lee Whelchel
a year ago
Horrible, in a few short weeks they lost a package (and wouldn't look for it), returned a package (and tried to blame the post-office), accepted a package and then didn't notify me they had it. When you ask to speak to a manager the clerks make homophobic remarks and tell you they "feel threatened." There is no manager on site and no one available by phone. They promise to "look into" these failings and then don't.
Between 2011 and 2014, Brookfield financed the Cuomo and Democrats to the tune of $813,000, compared with $210,000 in donations to Republicans in the three-year period ending in 2006, according to NYPIRG analysis cited by the website.
Governor Cuomo is facing scrutiny over his alleged interference in an anti-corruption panel he himself established. The so-called Moreland Commission had questioned his ties to the real estate industry. [Capital NY] – Tom DiChristopher
- See more at: http://therealdeal.com/blog/2014/08/05/some-real-estate-firms-now-donate-more-to-dems/#sthash.Ye1DAgiT.dpuf
http://therealdeal.com/blog/2014/08/05/some-real-estate-firms-now-donate-more-to-dems/
The Brookfield fix is a bought and paid for done deal in Albany. "Tenant-led bid" my a** Seriously stop insulting people and call it what it is - a Brookfield / political deal.
https://www.opensecrets.org/politicians/industries.php?cycle=2014&cid=N00000078&type=I&newmem=N
Congressperson Maloney
who controls what happens
https://www.opensecrets.org/politicians/contrib.php?&cid=N00027658
PCVST pols and their largest donors
Deeply Troubling
Paul Weiss
NYU Langone
Top contributors
https://www.opensecrets.org/politicians/contrib.php?cid=N00001093
Done deal....
Deeply Deeply Troubling
https://www.opensecrets.org/orgs/summary.php?id=D000054886
NYU Langone Top Pol Recipients
https://www.opensecrets.org/orgs/summary.php?id=D000054886
With all the destruction to communities NYU Langone is doing across all the boroughs and especially the West and East village / PCVST how can he take their $ and be the top of the list at that?
According to a former management person there are a few more big construction projects planned and in the works for years now that the "TA" is keeping secret from residents to help the buyers increase their profits.
Boss Tweed must be turning in his grave and groaning about how he was so persecuted and mis-understood because compared to the politicians we have now, he was a SAINT! I will never vote again until something is done about these criminals who pose as "politicians" today. They all disgust me and make me sick to my stomach.
Since the sale to Tishman and then their foreclosure. from the politicians RE got laws and loopholes implemented to commercialize the park open space and evict the rent stabilized constituents and residents got lip service and photo ops. Not one law protecting residents and when there was a loophole favoring residents RE got it immediately closed.
The 2013 REBNY annual report posted by a commentator summarizes and says it all.
11:03 HUH? why would residents care?
People are not coming out to protest or fighting the fight as they know it is pointless. We have serious corruptness going on and GL fighting. We are moving next summer. had.enough.
"True we were sick of Emperor Bloomberg"
I know I was (and I never voted for him), but this community elected him three times, against its own interests. It took 12 years for some people to wake up even though it was clear in 2006 that he was a disaster for us.
11:12
Ditto.
I had surgery in NYU/Langone Medical Center a few years ago. My insurance company paid a hefty bunch of fees well into the six figures. Since then, I get periodic solicitations from NYULMS for donations, so it's galling to see that NYULMS has the big steel balls to donate so much money to Chucky Cheese Schumer.
These NY pols are such loathsome slimeballs!
Stuy Town Blues
A giant real estate company. A storied apartment complex in rent regulated New York City. An unprecedented economic crisis. It’s a recipe for trouble.
By Kelly Nolan
http://journalism.nyu.edu/publishing/archives/ber/2008/12/08/stuy-town-blues/
For NOISE problems with NYU call and report to 311 AND report to the Senior VP Student Affairs
Marc Wais
Senior Vice President for Student Affairs
marc.wais@nyu.edu
And
Dr. Tom Ellett, New York University, Associate Vice President of Student Affairs NYU
tom@ellettpartners.com
Ellett & Partners
http://www.ellettpartners.com/
If these people:
Residence Hall Director Stuy Town / Diversity Educator
Residence Hall Resource Manager Stuy Town
are not doing their paid jobs and the students are disrupting this community report them too when calling 311.
To get in touch with the Division of Student Affairs on the Square, call 212.998.4410, visit us on the sixth floor of the Kimmel Center for University Life, or email student.affairs@nyu.edu.
http://www.nyu.edu/content/dam/nyu/resLifeHousServ/documents/Department%20Organizational%20Chart.pdf
The NYU residence Hall directors have special large suites built for them on site to control the student populations and Dr Ellett
brags life coaching prowess so make his company live up to its promise and his students behave as this middle class community deems appropriate. We are not a college campus despite the best efforts to make it so, we need to take back our community.
https://www.facebook.com/events/565221610224367/?ref=22
http://www.nyu.edu/content/dam/nyu/resLifeHousServ/documents/Department%20Organizational%20Chart.pdf
forgot this.....
Once again, Fedex left package in lobby and someone must have taken it.
Anyone else? I have called Fedex 3x about this. THEY DON'T give a Fxxk.
NY Senate is bought and paid for
NY Citizens are starving paycheck to paycheck
Their target and special Senate session is targeting our children. Starving then testing then Destroying our children's schools.
The same hedge-fund managers who bought the New York State Senate now want to take over public education in the state and strip it bare, while they celebrate excessive wealth in high style. They’re pushing for a special session in Albany this December to cement the takeover of education policy.
In our Capitol, Albany lawmakers enjoy a flood of money, personal accounts, and protection for incumbents against attacks. In the Districts—the cities and towns of New York—the reality is bleaker. Citizens must work to survive and make do with the limited resources afforded to them by the Capitol.
While Governor Andrew Cuomo appears to be orchestrating this show, the truth is that much like Caesar Flickerman, he’s merely a stage manager, doing the bidding of those truly in power: his billionaire hedge-fund donors. The real power lies in a handful of men like Dan Loeb, who personally put up a million dollars to take over the Senate. Loeb owns a $100 million penthouse on Central Park West and a $50 million yacht. Louis Bacon, another big donor, owns land all over the world, including a grouse-hunting estate in Scotland.
http://www.thedailybeast.com/articles/2014/11/26/hunger-games-comes-to-new-york-state-s-public-schools.html?via=desktop&source=twitter
Billionaire hedge funders are attacking our homes and attacking our children. Citizens need to publicly loudly shout out NO MORE.
"The school wars are a threat to our democracy in two ways. First, they give too much power to a small handful of people to decide policy, simply because they’re big donors. Second, they threaten one of the most precious resources in our state: public education that is open to all children.
For the first few years, the public was fairly docile in response to the school wars. But in the last year, New Yorkers across the state have been standing up, holding rallies against starving, testing, and the destruction of our public education.
The hedge funders would like to push through big structural and funding changes in a special session in Albany in the next few weeks. But as President Snow has learned, people will only take so much before they start resisting."
NO MORE!
December 2
12 PM
NYC Tweed Courthouse
52 Chambers Street
Protest against the Billionaires who bought our NYC government and the corrupt politicians they bought who are destroying constituents
https://twitter.com/zephyrteachout
For more on protest of billionaires and the puppet politicians they bought
http://www.nydailynews.com/opinion/brad-hoylman-sharply-limit-pols-income-article-1.2019466
Constituents deserve transparency on all these points made in this article AND who and what businesses tied to the outside income of which politicians got favoritism and favors from the politician in the way of policies and laws.
The the TAboard commenter who is trolling this site and who keeps complaining about residents and how we didn't come to your lame faked protest of the mid-lease increases .. stop complaining about residents! Maybe we didn't come to your protest because we work for a living and / or are busy with our kids and / or know that you sang the praises of the settlement approving the clause with the mid-term increases. You can't have it both ways where your actions are against the residents while your words and rallies try to make you look pro-tenant. We don't support your pretending to be pro-tenant. Period. Stop complaining about us residents! And even out the MCI charges so all residents and all apartments are charged evenly for the nyu campus security and nyu campus toilet flushes.
Reading through the past months blogs disgust to no end of tghe assaults on PCVST.
Gluck
Illegally overcharged tenants at Riverton before he defaulted and put the tenants at risk in foreclosure then into the grubby hands of CW who continued the illegal rent charge practices
then because he is buddies with the lawmakers he has not a scratch on him from the foreclosure and he bounces right back 12 months later to screw up people in williamsburg
http://www.crainsnewyork.com/article/20110410/REAL_ESTATE02/304109984/troubled-larry-gluck-makes-a-comeback
on top of his roberts case - like antics in tribeca.
http://ny.curbed.com/tags/preet-bharara
these guys are working the system, screwing a lot of people over and over again in the same ways they get caught and no one (except preet who seems to be trying) is stopping them. many lawmakers are paving the way for these fools.
We need Preet to clean Albany, and save this community from the grubby people purchasing.
We need to demand consequences
No more Larry Glucks, Brookfields, Tishmans, Speyers, Fortress and their recklessness with people's homes and many many foreclosures from which they leave a wake of destruction and emerge without a scratch. The largest mass eviction of middle class in the thousands here at PCVST between 2007 and 2013 and especially between 2010 and 2013.
“This is all just so vexing,” said Dina Levy, director of organizing and policy of the Urban Homesteading Assistance Board. “There are absolutely no consequences for his behavior.”
http://www.crainsnewyork.com/article/20110410/REAL_ESTATE02/304109984/troubled-larry-gluck-makes-a-comeback
NYC pols gave Gluck millions to continue his terror on New Yorkers.
"According to critics, though, it is difficult to explain the city's decision last year to help Mr. Gluck buy Tivoli Gardens, a Brooklyn apartment building reserved for moderate- and low-income tenants under the Mitchell-Lama program. He made much of his fortune buying such properties and transforming them into market-rate units—reducing New York's rent-regulated inventory in the process.
Prior commitment
Mr. Gluck had a long-standing contract to buy Tivoli Gardens, and the city needed someone to move the project along because the 320-unit property was deteriorating rapidly. The city is providing $43.7 million in financing, debt restructuring and renovation funding. In return, the developer has pledged to keep the building in Mitchell-Lama for an additional 30 years.
Even as Mr. Gluck begins fresh endeavors, however, his past deals present significant challenges. In December, an appellate court panel upheld a ruling prohibiting landlords who took buildings out of Mitchell-Lama from using a loophole in housing law to raise rents. Separately, a judge ruled last summer that Mr. Gluck illegally raised rents at a former Mitchell-Lama holding, 1,300-unit Independence Plaza in TriBeCa. Both decisions are being appealed.
Because of the lawsuit, the Independence Plaza loan is on a default watch list. But Mr. Gluck and his investors would not suffer if it defaults. He bought the building in 2003 for $156 million and refinanced it three years later for $565 million. That led many to speculate that he had recouped his investment. He employed the same strategy with the Riverton."
Same strategy over and over. We are next with the pols giving billions to developers to continue to screw PCVST.
Unless any one pol has the balls to go the direction of Penn South we can assume they are all in on it.
After Gluck sbankrupted Riverton into foreclosure burdening tenants what did Larry Gluck do?
Bought two multi million dollar houses in the Hamptons and built himself a $12 million house along with buying a couple of upper west side buildings and harassing the tenants there with false accusations to get them evicted out of home.
No consequences for the wake of destruction of others.
http://www.nydailynews.com/new-york/uptown/uws-tenants-landlord-not-stellar-article-1.1902856
http://therealdeal.com/blog/2014/09/14/nyc-real-estate-mogul-says-new-hamptons-mansion-is-5ft-short/
Tenants need to STOP the REBNY members destruction of our homes!
Call FedEx Corporate Headquarters and let the legal department know that the packages in PCVST are not being delivered in a professional and safe manner then describe your specific story.
FedEx Corporation
www.fedex.com
942 S Shady Grove Rd
Memphis, TN
(901) 818-7200
FedEx Corporation World Headquarters
fedex.com
3610 Hacks Cross Rd
Memphis, TN
(901) 369-3600
The following is excerpted from Mother Jones Magazine regarding Laurence Gluck and Riverton (Gluck is the guy who bought 16 Mitchell-Lama middle income complexes and has taken or is attempting to take them out of the Mitchell-Lama program, oust the long-term tenants, and charge everyone market rate) ......................................................................... "It all sounds like a classic tale of the bust except that, unlike ordinary people caught up in foreclosure proceedings, Gluck and his partners have made a fortune off Riverton Houses. Just as homeowners often take out some extra cash when they refinance a property, team Gluck pulled out $67 million—the high-roller version of cash at closing. A homeowner would be on the hook for that extra cash, but Gluck's group purchased Riverton through a limited liability shell company, which allows it to shelter its refinancing windfall in case of a default. Minus the down payment, the partners walk away with nearly $42 million. The Riverton deal exemplifies a strategy known as predatory equity."
Its not new or original. The scam is old as the players competing for predatory equity poster child.
Is there no politician of decency to hold accountable the illegal acts against their constituents?
Another Affordable Housing Default
"In yet another blow to the nation's affordable-housing stock, Stellar Management, star of our July/August 2009 story "Mortage Default: Landlord Edition," announced that it will go into default on Parkmerced, a 3,000-unit San Francisco housing project that Stellar purchased a few years back with the goal of remodeling and building new market-rate units.
Stellar and it's owner, Larry Gluck, are poster children for a financial tactic critics call "predatory equity"—a little-known trend of the past decade wherein private equity funds bought up housing developments and took out huge interest-only loans on them—often withdrawing tens of millions in cash in the process. They would then remodel the buildings as part of a strategy to drive up rents and flip the projects at a fat profit. MoJo contributor Adam Matthews described how this worked with another Stellar project, a group of Harlem high-rises known as Riverton Homes:
Gluck purchased Riverton Houses for $131 million in late 2005. Nearly all of them lived in rent-stabilized flats, paying an average of $894, while one-bedrooms in nearby areas like Central Harlem rented for $1,400 and up. Gluck reassured residents, though: He was just a regular guy from the Bronx who only hoped to upgrade their buildings.
But Gluck told the Securities and Exchange Commission (SEC) the full story when he borrowed $250 million against the complex the following December. By 2011, his prospectus estimated, half the tenants would pay nearly triple the old, stabilized rates. His company, Stellar Management, did set aside millions to redo bathrooms and outfit kitchens with stainless steel and granite—but those improvements were to entice residents to accept rent increases.
But then came the bust, and Riverton Homes went into default. In March, the Chronicle notes, it was sold to Wells Fargo for $125 million. But Gluck and his partners made out anyway, as Matthews explains:
Unlike ordinary people caught up in foreclosure proceedings, Gluck and his partners have made a fortune off Riverton Houses. Just as homeowners often take out some extra cash when they refinance a property, team Gluck pulled out $67 million—the high-roller version of cash at closing.
A homeowner would be on the hook for that extra cash, but Gluck's group purchased Riverton through a limited liability shell company, which allows it to shelter its refinancing windfall in case of a default. Minus the down payment, the partners walk away with nearly $42 million.
In December [2008], New York Sen. Charles Schumer urged the SEC to investigate, calling the situation "subprime crisis 2.0."
So Senator Schumer whatever came of your investigation?????
And why are you letting Brookfield / Tishman Speyer / CW Fortress do the same thing to us here?
http://www.motherjones.com/riff/2010/05/another-affordable-housing-default
Uncovered mattresses are a constant in any town, even though the city needs that all discarded cushions must be covered in plastic. What you see is one of the worse examples. The mattress and throw-aways have been there for four hours.
Post a Comment