Y. David Scharf Comment on Real Estate Developer’s Failed Project Featured in The Real Deal
November 20, 2018 – Morrison Cohen Partner Y. David Scharf's quote on the demise of developer Ruddy Thompson's Upper Manhattan condominium project that lead to the collapse of his business, was featured in the November 2018 issue of The Real Deal in the section titled “In Their Words … The Funniest and Most Insightful Comments on Real Estate”. The comment was first published in the article “A Developer's Project Becomes his Downfall”, in the October 8, 2018 issue of Crain's New York Business. The article chronicles the combination of recession, cost overruns, and disputes with lenders and partners that lead to the failure of Thompson's project to build a 23-story, 114-unit residential condominium in Washington Heights.
Related Practices
Our Real Estate Practice is one of New York’s most prominent real estate practices, representing clients in the leasing, purchase, sale, development and financing of commercial, industrial, development and residential properties.
Our Real Estate lawyers represent individual and institutional investors and fund managers in acquiring, restructuring and foreclosing real estate loans, and in selling and leasing acquired properties.
Our dynamic bench of business litigators defends corporations and individuals in complex, high-stakes matters in courts throughout the country.
Our real estate litigators are seasoned real estate practitioners equipped to handle even the most complex disputes arising from real estate development or financing transactions.
Related Media & Insights
- Media Mentions
- 04.16.25
