Opinion: The American catharsis

By former Assemblyman Steven Sanders

It’s contagious! In arguing for a return of the capital punishment in the form of the guillotine and public executions Maine Governor Paul LePage joked about where the severed head might land.

This just days after Donald Trump quipped, “I could shoot somebody in Times Square and not lose any support.”

When are our leaders and would-be leaders going to talk sense to the American people instead of trying for school yard boasting and juvenile behavior?

In answer to the threat posed by ISIS you may recall that Senator Ted Cruz bellowed that he would carpet bomb the whole region and “see whether the desert sand glows.” Another nifty one liner sure to please all his angry supporters who also agree with him that New Yorkers are “values challenged.”

Continue reading

ST/PCV lenders getting repaid: Report

By Sabina Mollot

Following the sale of Stuyvesant Town/Peter Cooper Village, at a record-breaking price of $5.45 billion, the property’s senior lenders who’d forked over $3 million are finally getting repaid.

According to a report issued in mid-January by real estate analysis firm Trepp “the ship has come in” finally, at least for one of the tranches of the CMBS (commercial mortgage backed securities) packaged deal. The smallest one at a measly $202.2 million – had been repaid. That piece represented 11.3 percent of the entire deal.

Sean Barry, a research analyst for Trepp, explained, “Everyone who lent that has been paid back. We anticipate that the full $3 billion (will be repaid unless) someone files another piece of litigation, but we don’t think that’s going to happen.”

Continue reading