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Waterscape Resort, the owner pointing to the new, 50-story Cassa Hotel and Residences near the 66-70 West 45th E in Midtown is suing its construction firm by $30 million, alleging of the fact that the firm never procured insurance to cover non-payments by its subcontractors. Pavarini claims, however, in which it it did get a insurance and paid scores of thousands of greenbacks in premiums. Here in June 2007, Waterscape a job Pavarini to build Cassa, which is developed courtesy of - Assa Properties. Younger than the agreement, Pavarini was indeed obligated to purchase Subguard insurance to protect to bar potential default by the truck bed cover's subcontractors.

SouFun Holdings, , plans shell out $46 million to find the former training center of yank International Group in Manhattan, with the purchase expected to be close in most important half of 2011. The training center any 250,000-square-foot building at seventy two Wall Street. SouFun, said it will associate with selected universities yet colleges in the Ough.S. to train its expanding management, office managers and clients in ad units AIG center.

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SL Green Realty has opted to buy close to $391 million worth of practice and retail investments including Gramercy Capital. Through the deal, SL Shade will own the earth and lease fee 3 days properties, the Lipstick Engineering at 885 Third Avenue, 2 Herald Square in addition to 292 Madison, but furthermore assume about $266 huge number of in debt. SL Green will pay $39 million to buy Gramercy's 45 percent joint dare to go interest in the Lipstick Building, $26 million to their interest in 2 Herald Square and $19 k for 292 Madison's solid ground and lease fee.

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