The Mayor, Astorino, anyone else for sale?

rechnitz

De Blasio donor’s shocking testimony: $100K bought me the mayor

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Rechnitz — appearing in the bribery trial of former city corrections-union chief Norman Seabrook — first dealt with questions about pay-to-play allegationsinvolving him and Mayor de Blasio, the NYPD and Westchester County Executive Rob Astorino.

He said he and businessman pal Jeremy Reichberg targeted the cops in the beginning, doling out gifts and cash in lieu of favors.

Soon, “We had the police going for us — and now it was time to get into politics,” Rechnitz said.

In his first meeting with de Blasio fundraiser Ross Offinger after de Blasio won the Democratic primary in 2013, Rechnitz and his pals — including Brooklyn businessman Jeremy Reichberg and Fernando Mateo, president of the New York State Federation of Taxi Drivers — made the rules clear, Rechnitz said.

“We’re going to be significant contributors, but we want access,” Rechnitz, 34, said the group told Offinger. “When we call, we want answers.

“We’re one group, and we expect a lot of access and influence.”

And they got it, Rechnitz said.

De Blasio soon visited Rechnitz at his office and handed the real-estate investor his personal cell-phone number and e-mail address.

“He said, ‘Keep in touch’ and [that] he really appreciated my friendship,” Rechnitz said.

Next thing you know, Rechnitz was talking with the mayor once a week, and Rechnitz was calling Offinger every time he had a problem that needed to be fixed, including a massive water bill for a friend, violations over a renter’s subletting one of his residences on Airbnb and a request to delay his wife’s school’s closing by a month.

Prosecutor Martin Bell asked Rechnitz whether Offinger did “in fact have the sort of pull” that Rechnitz and his friends were expecting in exchange for their contributions.

“Yes,” Rechnitz replied.

Bell asked, “How did you come to realize that?”

Rechnitz said, “Whenever we would call him for access or for a favor, we were getting the response that we expected and the results we were expecting.”

Rechnitz said he secured a spot on de Blasio’s inauguration committee thanks to his efforts to raise $100,000 for his mayoral campaign.

Rechnitz was also offered a spot on the mayor’s transition committee, but he turned it down after de Blasio rejected Reichberg for a vacancy due to diversity issues, he said.

In just one hour of testimony, Rechnitz painted a picture of a city — and beyond — completely ruled by money.

Rechnitz said Astorino gave him and Reichberg positions as police chaplains in exchange for their financial contributions — even though neither of them are rabbis or priests.

This landed them parking placards, among other perks.

Rechnitz also told a story about the time Astorino approached him with a picture of a Rolex watch and asked for helping procuring it.

“I told him I’d be happy to give it to him,” Rechnitz said, prompting Astorino to agree to pay for between $1,000 and $2,000 of the watch, with Rechnitz paying for the rest.

The government witness estimated the watch was worth as much as $10,000.

When it came to the cops, Rechnitz said, he and Reichberg were running the show — doling out gifts and cash to cops in exchange for favors, including ticket-fixing and police escorts to funerals.

He named a slew of cops — everyone from Phil Banks to James Grant to Eric Rodriguez — and talked about the time the cops, together with the Port Authority, shut down large portions of the Lincoln Tunnel so Rechnitz’s boss — an Israeli billionaire known as the “King of Diamonds” — could get to his Manhattan hotel faster.

Mayoral spokesman Eric Phillips denied the felon’s claims.

“These are nothing but re-heated, re-packaged accusations that have been extensively reviewed and passed on by authorities at multiple levels,” Phillips said. “The administration has never and will never make government decisions based on campaign contributions.”

A rep for Astorino called Rechnitz’s testimony “total contrived nonsense.

“Rob Astorino went shopping in the city for a second-hand watch several years ago. Mr. Rechnitz, who was in no trouble at the time, offered to help and took him to a store near his office,” said Astorino’s re-election campaign spokesman, William O’Reilly.

“Mr. Astorino was then offered the used watch for free. Mr. Astorino promptly declined and insisted on paying for it, which he did. He has the credit-card receipt to prove it, which he provided to the authorities prosecuting Mr. Rechnitz.

“Although this transaction occurred almost 18 months ago, Rob Astorino has never been accused of any wrongdoing by any federal or state prosecutor for any reason – he did nothing wrong,” O’Reilly said.

“Furthermore, Mr. Rechnitz never spoke with Rob Astorino about a volunteer chaplaincy for himself or anyone else.

The NYPD declined comment.

Ben Brafman, lawyer for former NYPD Chief of Department Banks, said, “I don’t have any interest in commenting about Mr. Rechnitz, but I do point out that Chief Banks has never been prosecuted for any wrongdoing.”

John Meringolo, lawyer for James Grant, whose own corruption trial is set for April 30, said, “It’s just all made up against Grant, it really is. Grant’s done nothing wrong. After Jona’s testimony today, we’re certainly going to call Mayor de Blasio to testify and prove that Jona’s lying about having the mayor’s office on speed dial. He’s lying about the mayor the same way he’s lying about Grant.”

Andrew Weinstein, lawyer for another officer tainted by Rechnitz, Michael Harrington, added, “Jona Rechnitz’s entire existence is built upon lies and deception. Any suggestion by Mr. Rechnitz that Mike Harrington was in any way complicit in his [Rechnitz’s] life of crime is but one more lie from a pathetic wannabe who is desperate to implicate others in an effort to save his own skin.”

Click here to see the article in the NYPost

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A PLATINUM TESTIMONY – Pay-to-Play – Jona Rechnitz and Mayor de Blasio

 

THE DAILY NEWS

Major de Blasio donor brags about closeness with mayor, says he expected influence for funds at Seabrook trial

 

One of Mayor de Blasio’s biggest donors took the witness stand Thursday to boast about his closeness to the mayor and make clear he had expected “lots of access” to Hizzoner.

The embarrassing testimony came from Jona Rechnitz, who’s pleaded guilty to corruption charges and is the star witness in the trial of disgraced jail union boss Norman Seabrook.

“I was giving money `to the Mayor of New York in exchange for favors,” he said to describe one element of the criminal offense to which he pleaded guilty.

Rechnitz described a meeting he and another donor, Jeremy Reichberg, had with de Blasio’s key fund-raiser, Ross Offinger.

Embattled de Blasio donor to testify against Norman Seabrook

“We expect a lot of access and influence,” Rechnitz said the group told Offinger. “We’re going to become significant contributors.

He said Offinger, a longtime de Blasio aide and the chief rainmaker for the mayor’s non-profit, Campaign for One New York, replied, “Okay. How much do you think you guys can get together?”

Norman Seabrook says $20G was casino prize money, not bribes

Rechnitz, who is cooperating with prosecutors in the hopes of winning lighter jail time, raised $41,000 for the mayor before his 2013 election, donated $50,000 to Campaign for One New York, and wrote a $102,300 check as part of the mayor’s 2014 failed effort to flip the state Senate to Democratic control.

Offinger, Rechnitz testified, returned with his hand out after de Blasio was elected mayor.

“He would call when they needed money,” he said. In return, “I would call whenever I had an issue.”

“I would be a ‘yes’ man,” he added. “I always gave money.”

Witness in Norman Seabrook bribery case is ‘serial liar’: defense

In court he revealed that de Blasio — who has strained to distance himself from Rechnitz — even came to his office before the election.

The then-candidate “told me to call if there’s anything I need. Always be in touch.”

Rechnitz was one of several donors who got tremendous access to the mayor. De Blasio routinely ordered his minions to intervene on donors’ behalf.

Emails show de Blasio responding, “I’m all ears” when Rechnitz suggested a candidate for buildings commissioner, and City Hall intervened when he was cited for running an illegal hotel.

Norman Seabrook says $20G was casino prize money, not bribes

In response late Thursday, de Blasio’s press secretary, Eric Phillips, mocked the credibility of the mayor’s major donor.

“These are nothing but re-heated, re-packaged accusations that have been extensively reviewed and passed on by authorities at multiple levels,” he said. “The administration has never and will never make government decisions based on campaign contributions.”

Rechnitz was cooperating with the Manhattan U.S. Attorney’s probe of de Blasio that result in no charges but the finding that the mayor had intervened on behalf of big donors.

Rechnitz also admitted he “straw donors” — an illegal scheme to avoid laws limiting how much contributors can give to politicians.

Ex-correction union head Seabrook must face corruption charges

The law prohibits donors from masking their identity by giving to campaigns through other donors. Rechnitz said he did just that by having people in his office write checks for which he would reimburse them.

He described Offinger as a kind of bag man, dropping by his office to pick up checks.

“I told him to hold on and I’d walk out, get a few checks from people and then bring them in,” he said.

Please click here for the original article.

Jona Rechnitz – Diamonds, a Taly, a Nissen, $80K/month and a Ponzi Scheme…

 

Star witness vs. NYPD cops in new ‘Ponzi’ link

The government’s star witness in public corruption cases involving two NYPD cops and a city union official may have been involved in criminal activity — including extortion — while he was cooperating with the feds, The Post has learned.

Explosive new court documents accuse Jona Rechnitz — a Bill de Blasio donor and the fed’s key witness against two NYPD cops and ex-union official Norman Seabrook — of threatening “to go to the feds” over a scheme he was wrapped up in unless one of his wealthy friends got paid.

If proven true, “the game is over,” said a lawyer involved in one of Rechnitz’s bribery probes.

“Even if it’s legitimate monies owed — if you make a threat then that’s extortion,” this person said.

It could also force the government to rip up Rechnitz’s cooperation agreement, putting their cases in jeopardy, sources said.

According to recently unsealed NY state court documents, Rechnitz was a recruiter for a $70 million Ponzi scheme involving Jason Nissen, a former math teacher busted last week and charged by Manhattan federal prosecutors with duping investors of his wholesale ticket business.

It’s unclear whether Rechnitz knew Nissen’s ticket selling business was an alleged sham. But the court documents, filed by Diamond wholesaler Taly USA Holdings, show that he may have kept his concerns hidden from the government in hopes that one of his pals would get paid.

“Jona’s the one who told me he would go to the Feds if Weinberger doesn’t get paid,” Nissen told Taly executive Yaron Turgeman in a secretly recorded conversation from May 7th, referring to hedge fund manager Michael Weinberger.

Nissen doesn’t say when the threat was made, but sources said Nissen only started having trouble paying Rechnitz’s investor pals after Rechnitz pleaded guilty last June to conspiring to bribe public officials.

A spokeswoman for the Manhattan US Attorney’s Office declined to comment.

A lawyer for Rechnitz also declined to comment.

Meanwhile, lawyers for defendants in the bribery probes — who include ex-NYPD cops James Grant and Michael Harrington — are gearing up to demand evidence from the Nissen case be turned to help them vet whether Rechnitz broke any laws or violated the terms of his cooperation agreement.

According to Nissen, Rechnitz was a paid recruiter for the alleged scheme, earning him up to $8 million in recent years, including payments of roughly $80,000 a month on Rechnitz’s credit card bills.

“We are confident that most, if not all of the misappropriated monies will be recovered,” said Christopher Milito, lawyer for Taly USA Holdings.

To see the article in its entirety click here.

Jona Rechnitz: Loan Shark? Diamond Dealer? Lucky Gambler? Real Estate Mogul? Shoshana by any other name…

 

jona rechnitz_crop_exact

NYPost: http://nypost.com/2017/04/26/key-witness-in-nypd-corruption-probe-was-an-alleged-loan-shark/

Key witness in NYPD corruption probe was an alleged ‘loan shark’’

The government’s key witness in multiple corruption probes was a part-time “loan shark” who made money doling out predatory loans, court documents alleged on Tuesday.

Jona Rechnitz — the government’s witness against two NYPD cops accused of taking bribes — “was nothing more than a loan shark” when it came to his business dealings with Hamlet Peralta, the former owner of a Harlem eatery that was popular with cops, Peralta’s lawyer said.

Peralta, the former owner of the Hudson River Cafe, stands accused of running a $12 million Ponzi scheme tied to an allegedly fictitious wholesale liquor business.

Peralta’s lawyer, Cesar de Castro, made the allegations against Rechnitz as part of a legal tug-of-war with feds about what evidence can be introduced at Peralta’s upcoming May trial.

The government wants to call as witnesses victims of Peralta’s alleged scheme who were recruited by Rechnitz — and who learned of the scheme through Rechnitz.

De Castro has objected, arguing that statements made by Rechnitz cannot be offered as the truth because he was engaged in his own loan-sharking scheme.

“Evidence at trial will show that (Rechnitz) was not Mr. Peralta’s agent but the architect of his own scheme in order to bleed Mr. Peralta dry,” de Castro said.

Rechnitz’s lawyer, Alan Levine, declined to comment.

Rechnitz, a real estate investor, is also the government’s key witness in the upcoming bribery trial of Norman Seabrook, former head of NYC’s correction officers’ union.

 

http://nypost.com/2017/04/26/key-witness-in-nypd-corruption-probe-was-an-alleged-loan-shark/

A Platinum Story -de Blasio Unscathed

 

The Real Deal

De Blasio won’t face federal, state charges in fundraising probe

News comes just days after Preet Bharara was fired

Mayor Bill de Blasio won’t be facing federal or state criminal charges for fundraising activities tied to his now defunct Campaign for One New York, officials announced on Thursday.

“After careful deliberation, given the totality of the circumstances here and absent additional evidence, we do not intend to bring federal criminal charges against the Mayor or those acting on his behalf relating to the fundraising efforts in question,” acting U.S. Attorney Joon Kim announced on Thursday.

The investigations hinged on whether de Blasio solicited donations from developers and others who had business before the city in exchange for political favors. In October, the New York Time’s reported that Jona Rechnitz, the real estate developer at the center of the NYPD corruption scandal, was cooperating with authorities. The mayor was accused of giving a retired police official a high-level position in his administration after Rechnitz called him and requested the appointment as a “personal favor.” The federal investigation was conducted by the Manhattan U.S. Attorney’s Office and the FBI. The Manhattan District Attorney’s Office led the state probe.

In his announcement, District Attorney Cyrus Vance stated that there wasn’t enough evidence to prove that the mayor violated state election laws in his efforts to help Democrats take over the Republican-controlled state Senate. The investigation focused on whether he wrongfully sidestepped contribution limits to individual candidates by directing donations to upstate county committees. Vance said, however, that the actions “appear contrary to the intent and spirit of the laws that impose candidate contribution limits.”

Kim noted the unusual nature of announcing that his office wouldn’t pursue criminal charges, saying that, in this case, it was appropriate to not “unduly influence the upcoming campaign and Mayoral election.” The announcement comes just a few days after President Donald Trump fired Preet Bharara from his post as U.S. Attorney for the Southern District of New York.

The decision not to prosecute clears what was a black cloud over the mayor’s re-election campaign. It remains to be seen if potential Democratic challengers who were waiting on the sidelines as the investigation dragged on will now step aside. Meanwhile, Republican mayoral candidate and Cushman & Wakefield executive Paul Massey announced Wednesday that he raised twice as much as de Blasio since Jan. 12.

Continue Reading here.

Kushner, President Trump, The sins of the Father, Platinum… Part I

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http://forward.com/news/361035/jared-kushner-and-the-white-haired-mystic-whose-dad-got-a-ride-from-a-dead/

Jared Kushner and the White-Haired Mystic Whose Dad ‘Got a Ride’ From a Dead Sage

Jared Kushner’s family charities have given hundreds of thousands of dollars to a mystical Moroccan rabbi who some followers claim has miraculous powers.

The rabbi, David Chananya Pinto, is little known in the United States but has a coterie of wealthy backers. Two separate Kushner family foundations on whose boards Jared Kushner serves have given over $210,000 in grants to Pinto’s New York City study center.

It’s hard to square Donald Trump’s clean-cut, Modern Orthodox son-in-law with the white-bearded mystic who tells a story about a night in 1968 when his father got a ride from a second-century sage driving an Israeli-made station wagon.

Yet Kushner has shown an interest in Judaism’s mystical corners.

Kushner and his wife, Ivanka Trump, plan to attend a Washington synagogue affiliated with the Chabad Hasidic group, a movement rooted in Jewish mysticism. And days before the presidential election, the couple visited the grave of the group’s former leader, where believers say prayers may be answered with miracles.

A spokesperson for Kushner would not comment on the foundations’ donations to Pinto’s charity. Pinto’s New York study center, Chevrat Pinto, did not respond to a request for comment.

The Kushner family are Modern Orthodox stalwarts, founders of a Modern Orthodox high school in New Jersey and members of Modern Orthodox synagogues. But while Modern Orthodox theology de-emphasizes the folk magic and mysticism found in some corners of Jewish tradition, magical beliefs have grown popular among rank-and-file Modern Orthodox Jews.

“There is definitely an upswing in turning to magic,” said Rabbi Alan Brill, a professor of Jewish studies at Seton Hall University. Brill has written on the phenomenon in an essay onModern Orthodox Jews in New Jersey reviving the ancient Jewish magical practice of baking keys into challah bread.

Brill also said that the popularity of traveling charismatic mystics was rising among some Modern Orthodox Jews. “It’s a different relationship than having to sit through a congregation each week,” he said.

Pinto is one of a handful of mystically inclined rabbis gaining popularity in the United States and Israel. His better-known nephew, Rabbi Yoshiyahu Yosef Pinto, attracted a large following of wealthy Jews in the United States and Israel before ending up in an Israeli prison for bribing a high-ranking police officer.

Yoshiyahu Yosef Pinto was released from prison January 25 after serving a one-year sentence. He says he is no longer a rabbi.

Rabbi David Pinto wears the familiar black coat and hat of the ultra-Orthodox Ashkenazim, but he descends from a North African Jewish tradition of miracle workers and saints. Pinto’s ancestors were prominent rabbis; the grave of his great-great grandfather is a popular pilgrimage site for Moroccan Jews. Pinto’s organization describes his father and his grandfather, both rabbis, as “miracle workers.”

Pinto leads institutions in France and Israel, but he regularly visits his New York study center, where his followers include Jews from mainstream Modern Orthodox backgrounds alongside members of the French Jewish community. He delivers his lectures in English, speaking with a French accent.

Stories of the miracles that his father and grandfather worked, and the belief that they can continue to influence daily events, appear to play a major role in Pinto’s religious message. In a May 2016 lecture delivered in Mexico City and available online, Pinto told a story about his father getting picked up on the side of the road in 1968 by the purported author of the Zohar, Rabbi Shimon bar Yochai, who lived roughly 2,000 years ago.

According to Pinto, his father, Rabbi Moshe Ahron Pinto, lived 40 years in prayerful seclusion in his home in Morocco, and then, in 1968, sought the permission of the dead sage bar Yochai to move his family to Israel. Moshe Ahron Pinto traveled to Ashdod, then took a taxi to bar Yochai’s crypt in Meron. He finished praying late at night. A disciple who had accompanied him thought they would be stuck near the crypt until dawn, but as soon as they reached the road, an Israeli-made station wagon, an Autocars Sussita, appeared. The driver took them to a house in a nearby village.

“My father went out [of the car], [the disciple] closed the car, and suddenly there was no car,” Pinto said.

Pinto said his father told the disciple that the driver was bar Yochai, and that if he told anyone of the miracle he would die.

The idea that righteous rabbis have the power to perform miracles is a familiar one in mystical Jewish traditions, and particularly among North African Jews. In the literature of Pinto’s organization, dead rabbis and even Pinto himself are credited with causing everyday miracles to occur.

 

An article in the 2010 English-language edition of a magazine published by his organization in Paris reports that a “great miracle happened” at the home of a Chicago follower who hosted Pinto: Two days after receiving Pinto’s blessing, the follower’s daughter was matched with a man whom she eventually married.

The article also reports that after Pinto promised a French follower that God would “perform a miracle for you this week” if the man spent one more hour a day studying the Torah, the man’s son narrowly escaped electrocution.

The story claims that Pinto knows things by miraculous means. “Many people are surprised by the way that the Rav knows and sees things from afar,” the article says. Pinto, the authors report, denies being a prophet. “Everything is due to the merit of the fathers,” it quotes him saying.

In a brief recollection presented in a December 2016 weekly bulletin published by Pinto’s Israeli organization, Pinto claimed that a German boy had been revived from a three-month coma after a man who hosted him on a visit to Morocco prayed at the grave of Rabbi Chaim Pinto, his great-great grandfather.

“I would never dare bang on the tombstone of my grandfather,” Pinto wrote. “However, [the man] did it naturally, and he was answered immediately!”

In New York City, Pinto has a study center, called Chevrat Pinto, in an Upper West Side brownstone. The study center received between $10,000 and $50,000 from a Kushner family foundation nearly every year from 2004 to 2013. Jared Kushner sits on the boards of the two foundations that made the grants, the Charles and Seryl Kushner Family Foundation and the C. Kushner Companies Foundation. He is one of seven coequal directors of the Charles and Seryl Kushner Family Foundation, according to 2014 tax documents, and was a member of a board of directors led by his mother at the C. Kushner Companies Foundation, which no longer exists.

In total, Chevrat Pinto received $217,000 from the Kushners’ two foundations.

Jared Kushner’s aunt and uncle, Marisa and Richard Stadtmauer, have been ever more generous. Their family foundation has given Chevrat Pinto $592,000 in grants since 2009.

To read the article in its original format click here.

Famed J.P. Morgan Building at 23 Wall Street in Play – and Urinating Bosses…

project_rs_23wall

23 Wall Street – Our Theories

We have written on the famed J.P. Morgan piece of property more times than perhaps any other Blog. We have written on the various Jona Rechnitz and Jeremy Reichberg properties/investments/shady dealings. We have written about Chetrit and Bistricer, China Sonangol, Queensway, Angola. The story below from “The Real Deal” almost feels like something we could have written. But, of course, we didn’t.

The new buyer, as you will see below from the article on the bottom of the page, Jack Terzi, lacks certain social graces (or did in 2012). He apparently was an abusive boss who, according to reports in the NY Daily News from 2012, engaged in bizarre behavior. In the interest of full disclosure, his employees at his yogurt shops felt that he was “strictly business” and “humble.” Hard to tell.

We can say this:

It would not surprise us if nestled within the many companies listed on the Africa-Israel website with reference to the Israel Stock Exchange we were to find the new J.P. Morgan buyer’s name, his company or some financial/management synergy with Africa Israel and perhaps concurrently with China Sonangol. It will take a while to find and some might write this one off as a leap. We don’t think so.

It is a Buyer’s market not a Seller’s market in Manhattan right now (if the comment about the losses below by The Real Deal is any indication). China Sonangol/Africa-Israel/Sam Pa/ want out of New York but we doubt they would take a financial loss. We think that it will prove to be anything but a loss.

AFI Group

The company is traded on the Tel Aviv Stock Exchange.
For more information, please press on the image below.

Click here for more information

Subsidiaries:

Africa Israel Properties
Click here for more information
Africa Israel Residences
Click here for more information
 Danya Cebus
 Click here for more information
 Africa Israel Industries
 Click here for more information
 Negev Ceramics
 Click here for more information
Dor Alon
Click here for more information
Blue Square
Click here for more information

 

 

Paydirt: The Compass unicorn, a more modest buyer pool, 23 Wall in play … & more

Billionaires hiding? We’ll take the millionaires: Compass’ valuation comes at a time when Manhattan’s high-end residential market is taking body blows. Developers finally seem willing to accept things aren’t where they were in 2014. They’re either offering fat discounts (Extell at One Manhattan Square, World Wide Group and Rose Associates at 252 East 57th Street), pushing sales back (JDS & PMG at 111 West 57th Street) or abandoning ship (Witkoff at Park Lane, Chetrit & Bistricer at the Sony Building).  “The next two years will be the year of the deal,” PMG’s Kevin Maloney told Bloomberg.

Developers who set their sights a little more main street have been faring better: Condos priced between $500,000 and $999,000 have sold five times as fast as their $10 million-and-up counterparts, according to a Miller Samuel analysis of a decade of residential sales.

You don’t know Jack: JTRE’s Jack Terzi is in contract to buy 23 Wall Street, a landmarked property that was once the headquarters of J.P. Morgan & Co. – it was dubbed the “House of Morgan” — but of late has been a pox on Lower Manhattan. The long-vacant building is owned by the shadowy China Sonangol, a joint venture between Sam Pa’s Queensway Group and the nation of Angola — go figure. Sources told the New York Post that Terzi will be buying the property at a discount to the $150 million Sonangol paid for it in 2008. That’s hard to fathom, except for the fact that Pa is under investigation for allegations of financial crimes, according to the FT.

Terzi, who grew up in Gravesend and cut his teeth at Hidrock Realty, has made a number of splashy acquisitions of late, including a number of $20 million-plus buys in Midtown East. But this deal, if he does close on it, elevates him to a different level — giving him control of more than 130,000 square feet in the heart of Lower Manhattan.

 

Sam-Pa-23-Wall-Street (1)

 

THE NEW YORK POST:

http://nypost.com/2016/08/30/long-vacant-wall-street-landmark-sold-to-retail-developer/

 

For a tall tale about how China Sonangol may or may not have come to its original purchase through individuals mixed up in the NYPD scandals, read The Post’s Steve Cuozzo’s story from July 4.

The 160,000 square feet stretches from the landmarked 23 Wall St. where banker Morgan once had his private offices, around the sloped corner to portions of the base floors of 33 Wall and 15 Broad St.

The stone fortress has been touted as a retail play for years, but it’s stood mostly dark — due to absentee ownership and landmark-related restrictions.

Prospective deals to lease it to Brooks Brothers and a multi-media event company fell through but Hermes has been a tenant since 2007.

The upper stories of 15 Broad next door were converted into apartments.

JACK TERZI – NEW YORK DAILY NEWS:

http://www.nydailynews.com/new-york/ex-worker-suing-real-estate-boss-jack-terzi-5-million-abuse-fines-urinating-article-1.1134148

 

Ex-worker suing real estate boss, Jack Terzi, for $5 million for abuse, fines, and urinating

A foul-mouthed boss from hell unzipped more than his lip in torturing his young assistant.

Brash real estate broker Jack Terzi urinated on the underling’s clothes during a three-year reign of terror in their Manhattan office, according to a astonishing new lawsuit.

The allegedly abusive broker was accused by ex-employee Albert Sultan of abuse that included cutting four-letter insults, sharp flying objects and bizarre fines.

Sultan, hired shortly after Terzi launched his company in 2009, “became emotionally distraught, was humiliated and embarrassed … by the systematic and continuous unlawful harassment,” charged the 15-page suit filed Wednesday.

Court papers contain a cruel recital of Terzi’s perverse management style, including the time he “urinated on a garment” belonging to Sultan as others watched.

Terzi was accused of throwing a shoe and a pair of scissors at his young assistant, hurling insults like “f—— idiot” and “piece of s—“ — and repeatedly “sneezing in (Sultan’s) face in a contemptuous fashion.”

Terzi, in a countersuit, charged Sultan was a conniving backstabber who launched his own business with confidential information stolen from Jack Terzi Real Estate.

Sultan, of Eatontown, N.J., declined further discussion about his ex-boss.