In the News: 125 Greenwich has financing woes

125 GREENWICH LENDERS FILE FOR FORECLOSURE
First this news from Crain’s: “A major lender in the 125 Greenwich St. project has filed a motion to foreclose on the Financial District development. United Overseas Bank, a Singapore-based lender, filed a complaint in state Supreme Court Monday, alleging it is owed $187 million that was advanced to the developers.”
Then this a couple days later from The Real Deal: “This time it’s Singapore-based United Overseas Bank, who claims the developers of the condo supertall owe it $195 million, plus outstanding interest payments, David Jeans reports.”

9/11 COMPENSATION FUND EXTENDED
The house and senate voted to keep the 9/11 compensation fund for emergency workers’ health care for the rest of their lives. It is expected to be signed by Trump. From The Times: “The legislation would ensure that the September 11th Victim Compensation Fund is funded for the next seven decades at a cost of $10.2 billion over the next 10 years.”

CITY TO HONOR 9/11 FIRST RESPONDERS
ABC News reports that the city will honor 9/11 first responders in the near future, after a request from Rep. Carolyn Maloney. The

BENARES OPENS OUTPOST IN JERSEY
Benares, the sleek Indian restaurant on Murray, has opened a new outpost in Wyckoff, NJ. Read all about it in The Rosie Report in New Jersey Monthly.

 

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