[ April 27, 2024 ]
“They still have no idea what they’ve done”
“A wall has been broken and there are no take backs. Any company can now be targeted and have their assets seized at the whim of an over zealous AG or politicians. I don’t expect you to know or understand standard CRE practices, but every company below could be found guilty of the exact same actions the Trump Organization was accused of and found guilty, because it is NOT a crime. ”
The fall-out from Democrat totalitarian injustice begins.
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They still have no idea what they’ve done. What is that sucking sound? I do not want to cause any additional anxiety for my partners but our family office is working on pulling $2B out of NYC as cleanly as possible. A number of pension funds that have already abandoned ESG are… pic.twitter.com/zCAcD768Y1
— Tony Seruga (@TonySeruga) February 21, 2024
I know many reading this think they are experts in everything. You’re not. Those of us who actually attended law school and have been doing commercial real estate for over 40 years, you’ve been lied to. You do not have the facts. You do not know what you are talking about. We…
— Tony Seruga (@TonySeruga) February 21, 2024
2 OF OUR CORPORATE COMPETITORS JUST ANNOUNCED THE SAME THING.
Due to LIABILITY RISK of doing business in NY, they are LEAVING THE STATE.
There are only 6 providers in the state providing hospitals with this key technology and functionality.
In 48 hours HALF HAVE LEFT.
The…
— Murphy the Warrior Princess (@CharlesH4698921) February 21, 2024
Tony Seruga of Greenlaw Capital:
I know many reading this think they are experts in everything. You’re not. Those of us who actually attended law school and have been doing commercial real estate for over 40 years, you’ve been lied to. You do not have the facts. You do not know what you are talking about. We employ two of the largest law firms in the country and they’ve been in meetings 16 hours a day in order to determine just how bad this all really is.
Every one of these companies, representing trillions of dollars in real estate, is carefully evaluating whether to stay or exit.
Chetrit Group
Vorea Group
Turnbridge Equities
Extell Development
Bldg Management Company
Vornado Realty Trust
L+m Development Partners
United Construction And Development Group
Beb Capital, Totem
Howard Hughes Corporation
Starrett Corporation
Rfr Realty
Jay Group
Property Markets Group
Rabsky Group
Two Trees Management
Heartfelt Townhouse Builders
Lonicera Partners
Taconic Partners
Beitel GroupWhether Trump wins on appeal or at SCOTUS, the precedent has been set. A wall has been broken and there are no take backs. Any company can now be targeted and have their assets seized at the whim of an over zealous AG or politicians. I don’t expect you to know or understand standard CRE practices, but every company below could be found guilty of the exact same actions the Trump Organization was accused of and found guilty, because it is NOT a crime.
The feds declined to file charges as did the previous AG. And the reality is, this should have been heard by the Commercial Division, however, they had already declined to file.
Why do you suppose the real experts in complicated commercial cases, part of the Supreme Court of New York State would decide not to pursue?
Think about all those real property owners with over valued properties because commercial occupancy rates dropped below 55%, on average. What did they base their valuations on? 80%? 90%? They all borrowed money.
— SteveInTennessee (@stephen_deakins) February 21, 2024
Wait until the banks realize that they are guilty of the same “crime”.
2 parties engage in a business deal with due dilligence and estimated valuations. They both agree contractual to the information as verifiable and true. If the developer is guilty of anything in the deal…
— Rob Volatile (@RobVolatile) February 21, 2024
The fall-out.
The Truth Must be Told
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13 Comments
2 months ago
Communism is FUN.
NOT!!!
2 months ago
Reply to
Commieobamie
The NYS dem-commie left is waging a war on capitalism and DJT was their first victim – hahahahaha backfired didn’t it. Tish James must be removed from any position of power and jailed for her illegal vindictive actions – she ran on getting Trump. The companies who could also be targeted on her whim are going to get her removed and punished for abuse of her office. Say goodbye tish and hokum.
2 months ago
Reply to
turtlebrat
Internet jobs are a growing industry and an exciting opportunity to save companies and employees time and money. Flexible working, whether full-time or seasonal, exists in almost all industries; il You just need to know where to look.
Look here…… IndustriesJobs74.blogspot.com
Last edited 2 months ago by Joe
D
2 months ago
Reply to
turtlebrat
Don’t believe it. Most probably donated to her campaign as well as the moderate talking but communist bigoted mayor
2 months ago
Marxism is a self-fulfilling destructive ideology.
Everyone must cancel NYC. No visits and no business.
NYC is a dying city. Let’s bury it.
We will rebuild out of the ashes.
Last edited 2 months ago by Eric Arthur Blair
D
2 months ago
LMAO!!!! I hope ALL of the non-libturd businesses pull out of ny!!!!!!!
D
2 months ago
Everybody in CRE already knows NYC is dead….
D
2 months ago
QUESTION: What is “CRE”?? cre = communism realy eviserated???
2 months ago
ENMORON is the scumbag of scumbags and he’s in the same category as Soros.
2 months ago
I guess it’s true what the “experts” said. Liberals have lower IQs than Conservatives. I think it was lower by 10 points. In this court case, the IQ level of James and her judge are about 90. A perfect example of stupid people in power. And now their entire state will suffer because of their arrogant stupidity.
I firmly believe that those that suffer from Trump Derangement Syndrome, like James, and her creepy judge, are dumber than a box of rocks! And once again, their nefarious plans to “Get Trump” is biting them in the ass! I feel sorry for New York.
Not much, but some. ROFLMAO!
2 months ago
Remember that Hippie from High School? He became the Commie Hippie at University…then the Commie lawyer; then the Commie Hippie Judge, who NEVER had a job, parents were rich, hated kids who actually worked a job. This is who this piece of shit, turd merchant is…
D
2 months ago
The left sees all this as new found power. The investment community sees it as risk.
D
2 months ago
Well…..the dumba$$es keep voting the dumba$$es in. They get every bit of what they deserve. In the meantime the sterotypes get poorer the politicians get their fancy vacations to the Bahamas and Bermuda. They will keep some of the fancy $100 a meal eateries open. The little guy? They must bow down to the kings and queens with no clothes. Eat cake which is made up of flour and sawdust. Don’t forget about the bugs and rats which is abundant in NYC. But…no illegal hunting of said creatures they must be taxed when you purchase from the goobermint supply houses. Dumba$$ses
