Kevyn Orr, Detroit’s emergency financial manager, said he wants debt-cutting agreements with retirees and city employees by early next week to give 170,000 creditors a clearer picture of a bankruptcy plan they’ll vote on starting next month.
Greece is preparing a property portfolio valued at as much as 500 million euros ($688 million) to offer to investors by the end of this year, according to the head of the Hellenic Republic Asset Development Fund.
Manhattan developer Bill Rudin hadn’t planned to start selling apartments at his Greenwich Village project until the end of this year. He began rethinking that strategy after getting cornered at a cocktail party.
Greece’s state asset sales fund accepted a revised offer from Lamda Development SA to develop Europe’s largest urban plot at the site of the former Athens airport, as the government struggles to catch up with its international creditors’ requirements to maintain the flow of funding.
Christoph Breit stands atop a squat lookout tower surveying the former Tempelhof airfield, now a vast park where windsurfers barrel down the runways that had been the city’s lifeline during the 1948 Berlin airlift.
A rent-controlled sulky senior held out so long at the site of future 15 Central Park West that the exhausted developers finally gave him millions and a new apartment (which he immediately cluttered up with junk).