Word: manhattanization
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...IHOP. A Brooklyn district attorney subpoenaed Facebook and, with the pulled records, Reuland was able to convince her that Bradford's Facebook update had been posted within a minute of "the time the crime was alleged to have happened, from an IP address registered to [Bradford's] father in Manhattan...
...respectable-sounding prospectuses offered to investors to explain how they could service high debt on mortgage-backed securities. "The borrower anticipates to recapture approximately 20%-30% of the units [roughly within the first year] and 10% a year thereafter," explained a prospectus for a portfolio of buildings in upper Manhattan being bought by Apollo Real Estate Advisers (now AREA Property Partners), with a primary mortgage from a Credit Suisse subsidiary. The normal turnover rate in cheap or moderate rent-regulated apartments in New York City is 5.6%, according to data from the New York City Rent Guidelines Board. (See high...
Tenants pried from their homes would see it differently. In a typical Queens building, hired legal guns were able to achieve 23% turnover in the first year of new owners, or about double that of a typical building in Manhattan, where the culture of tenant rights is stronger, according to a new study by affordable-housing advocates, the Association for Neighborhood and Housing Development. The study focused on New York City, where Wall Street money made the most inroads - capturing about 100,000 units (out of the city's 2.5 million), or about 10% of the city's rent-regulated...
Scott Rothstein is your typical South Florida wannabe. Obnoxiously flamboyant by most accounts, the Bronx-born Fort Lauderdale attorney had to have the flashiest Rolexes (so he bought a local boutique watch shop), the most houses (luxury mansions and condos from Manhattan to Morocco), the hottest cars (Rolls-Royce, Lamborghini) and the coolest yacht (an 87-footer). He had to leave the heftiest tips, usually at the upscale restaurants he co-owned, and schmooze the most powerful politicians - like Florida Governor Charlie Crist, for whom Rothstein bought a $52,000 cake, as a contribution to the state's Republican Party...
This week the trial of Aafia Siddiqui, once one of the most wanted women in the war on terrorism, begins in a federal courtroom in Manhattan. Siddiqui, 37, an MIT-educated neuroscientist and suspected al-Qaeda operative, is charged with attempted murder for allegedly shooting at a group of U.S. soldiers and FBI agents in Afghanistan. The incident occurred in the city of Ghazni in July 2008, after she was detained by local police near one of the city's mosques on suspicion that she was a suicide bomber. At the time of her arrest, she allegedly had with...