An audacious daylight theft of diamonds and other jewels, on exhibit from Lev Leviev’s diamond house, at a hotel in Cannes this weekend may have netted the perpetrator $136 million in loot, the Associated Press reported earlier today. The theft which occurred at the Carlton International Hotel had previously been estimated at over $50 million, according to various reports. Read More
Crimes & Misdemeanors
Big Brother is watching.
Like something out of a spy movie, residential building owners are now using private investigators and hidden surveillance to track down absentee tenants in rent stabilized buildings. Read More
Who said there are no second acts in American life?
Following the arrest this morning of State Senator Malcolm Smith on federal bribery charges, the politician’s former career as a real estate developer, which ended in bankruptcy, has come under the spotlight.
“Everything I did in business wasn’t successful,” Mr. Smith told The New York Times in 2008. “But you learn from things when you go through your challenges. You don’t learn from doing everything right.” Read More
It’s been a very bad week for the children of New York real estate professionals. Local media outlets have kept busy with a series of stories about heroin and hexamethylene triperoxide diamine (HMTD) busts befalling the descendants of real estate moguls, brokers and crane operators.
Yesterday, the Daily News reported that Kathryn Kalikow was arrested in the Bronx on Sunday night during a heroin “buy-and-bust.” Ms. Kalikow, 28, and her boyfriend, Brian Whalen, had been peddling their wares on Craigslist. She is the daughter of Peter Kalikow, the president of the real estate firm H.J. Kalikow & Company, former commissioner of the Port Authority of New York and New Jersey and, from 1988 to 1994, the owner and publisher of the New York Post. Read More