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Blanca Lofts in trouble UES @ 73rd

Started by streetview
almost 16 years ago
Posts: 331
Member since: Apr 2008
Discussion about
According to the Real Deal, 12/29/09: Developer Joseph Cayre and residential brokerage firm Core are facing a $10 million lawsuit by the Blanca Lofts condominium board, which is alleging widespread fraud, negligence and breach of contract in the construction of the Upper East Side building and the sale of its units. The suit against Cayre and Core comes as Blanca Lofts, a 10-unit condo at 206 East 73rd Street, faces two other lawsuits alleging widespread flooding, mold and other defects in the quality of materials and workmanship.
Response by 30yrs_RE_20_in_REO
almost 16 years ago
Posts: 9877
Member since: Mar 2009

Tip of the iceberg. I predicted about a year ago that we are going to see a TON of lawsuits against developers and brokers as buyer become increasingly disappointed at their lack of windfall profits and ..... OMFG!!!!!!! actual losses!!!!!!!!! in NYC RE.

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Response by jimstreeteasy
almost 16 years ago
Posts: 1967
Member since: Oct 2008

30...what % will be 1) people no longer giddy about profits actually focusing on material shoddy construction,etc. or 2) trumped up suits on non-material issues

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