Google’s Sergey Brin Dumped $366M Tesla Stock to Start an Unusual Nonprofit
Brin’s new nonprofit is a 501(c)(4) organization, a tax-exempt structure increasingly popular among the superrich.
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Brin’s new nonprofit is a 501(c)(4) organization, a tax-exempt structure increasingly popular among the superrich.
Two years ago, allies of Donald Trump descended upon the Capitol and attempted to disrupt the certification of Joe Biden’s election victory. Now, they’re trying to disrupt the real estate market nearby, albeit through far less coercive means. Since the start of last year, the Conservative Partnership Institute has purchased nine properties only a few […]
The post Trump allies assembling “Patriots’ Row” in D.C. appeared first on The Real Deal.
Marble Collegiate Church thrived for nearly 400 years. Then it made a deal with HFZ Capital Group. The church partnered with the beleaguered New York City developer in 2013 to build a tower next to the church, in NoMad on the corner of West 29th Street. By late 2020, HFZ had defaulted on $205 million in loans and was engulfed in foreclosures and lawsuits. A year later, Vanbarton Group, the mezzanine lender, foreclosed on the
The post Church seeks to escape hellish partnership with HFZ appeared first on The Real Deal New York.
Below the spire of Marble Collegiate Church lays a barren hole with construction tools, fire extinguishers and ladders hastily stacked around the edges. Three cranes excavating the West 29th Street site have been abandoned. A sign on a fence directs congregants, “confessions this way,” with an arrow pointing to the sanctuary. HFZ Capital Group had planned to build a boutique office tower at the NoMad location aimed at technology and media tenants, before the developer’s
The post Faith alone: How one Manhattan congregation got caught in HFZ’s downfall appeared first on The Real Deal New York.