–Extell Development is “hoping to raise between $100 million and $200 million for the 815-unit (One Manhattan Square) project through the popular – and controversial (EB-5) program, which offers foreign investors a U.S. green card in exchange for a $500,000 investment.” [Real Deal]
–As the luxury condo market cools, developers are delaying sales campaigns. At Ben Shaoul’s 196 Orchard St., for example, “marketing won’t start… until (the building) reaches its third floor in about four months.” [Crain’s]
–The city’s Department of Investigation has now issued subpoenas in the Rivington House matter. [Daily News]
–The judge in Sheldon Silver’s federal corruption case wants a report from prosecutors on sentences received by officials convicted in similar cases during the past five years. [Daily News]
–The organization, Barrier Free Living, has agreed to pay the family of a man fatally stabbed at its East 2nd Street shelter $1.2 million. [Daily News]
–Soho House’s revenues are up, but the company has a cash flow problem as it opens new clubs worldwide, including one on the Lower East Side. [Financial Times]
–A sad report about the fate of a familiar hawk in Chinatown. [Goggin Photography]
