NYC Real Estate (((Mafia))) Is In Crisis

You might have heard about this today, $4 Billion Zionist superstar died:

Stanley Chera, titan of NYC retail, dies of coronavirus
Crown Acquisitions founder built one of city’s most prominent property portfolios; was key figure in Trump’s rise

therealdeal.com/2020/04/11/stanley-chera-titan-of-nyc-retail-dies-of-covid-19/

Coronavirus' impact on the NYC real estate mafia is not just economic. Chera and 130 TOP NYC REAL ESTATE MAFIOSOS all took a ski vacation together to VAIL, CO in early March.

At least 45-50 of them got Coronavirus.
"When Marty Burger addressed 130 real estate players at a ski retreat in early March, he said the event might be the last “before the coronavirus passes.”


At the time, the Silverstein Properties CEO didn’t realize the magnitude of his words. He and at least 15 other attendees contracted coronavirus on the annual trip, he told The Real Deal in an interview on Tuesday. And 30 to 40 others experienced symptoms."

therealdeal.com/2020/04/08/we-cant-be-everybodys-bank-marty-burger-on-april-rent-collection-and-his-covid-19-recovery/

Lucky Larry Silverstein and Company are shitting bricks about 20-30% of tenants not paying April rent. Then comes May, June, July, August, etc etc.

These companies rely significantly on bank loans, so losing even 15-20% of their rents puts big pressure on them.

Anyway, Chera probably isn't the only NYC real estate billionaire who will get Corona'd.

And as these billionare's get sick or worse, their sons take over the businesses. So you have amateur Jared Kushner types being thrust into making all the executive decisions, right in the middle of the biggest NYC real estate crisis ever.

Marty Burger, the guy who now runs Lucky Larry Silverstein's Properties, he's got Coronavirus, and another big Manhattan broker died end of March.

therealdeal.com/2020/04/06/silversteins-marty-burger-recovers-from-coronavirus/

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Other urls found in this thread:

911myths.com/html/windfall.html
therealdeal.com/2020/04/11/stanley-chera-titan-of-nyc-retail-dies-of-covid-19/
youtube.com/watch?time_continue=8&v=MWPmUyj5W7M&feature=emb_logo
vanityfair.com/news/2020/03/jared-kushner-oscar-coronavirus
twitter.com/NSFWRedditVideo

"For now, Silverstein Properties has other issues to contend with. Along with other landlords across the country, the firm was bracing itself for the potential loss of rental income this month, as New York City effectively shut down.

As of Tuesday, Burger said 70 percent of commercial tenants and nearly 80 percent of residential tenants had paid April’s rent. The company plans to work with tenants who are unable to make their payments on a case-by-case basis. “If you can pay rent, pay rent. If you can’t pay rent, let’s talk about it,” he said. In rare cases, Silverstein Properties is willing to talk about rent deferrals, Burger said. “But if we did it for everybody, we wouldn’t be able to pay the building staff, our operating expenses, let alone our debt service. We can’t be everybody’s bank.”"

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Some good news thank you user

Yeah there's an old Trump quote where he's walking down the sidewalk with little girl Ivanka, and he says, "see that homeless guy? He's got more money than I do, because I'm in big debt".

It's going to be a lot like that for the whole industry. Not only does NYC living make zero sense for the -working-middle-upper middle class in NYC in the age of Corona, but the odds of these fat-cat landlords getting even 50% of retail/residential real estate in 2-3 months is impossibly low. No company is paying 30-50k for a 5th Ave storefront when there's no customers now or any time soon.

All these guys are shitting their pants. We're looking at a complete transformation of NYC, with everybody fleeing for the wide open spaces far away from the city.

Even most of these real estate tycoons aren't actually in the city right now.

>muh insurance scheme

>Complicating the picture is the fact that there was no insurance policy yet issued on the properties when they were destroyed. Since the Port Authority transferred management of the properties to a group of investors led by Mr. Silverstein shortly before the attack, the insurance policy was under negotiation at the time the buildings collapsed and final wording had not been completed. The insurers have agreed to be bound by the ''binder'' agreements on the coverage although differences of opinion emerged yesterday about their interpretation.
911myths.com/html/windfall.html

"As the pandemic spread rapidly in New York, Trump had advised Chera to leave the city and decamp to his summer home near Deal, N.J., a popular vacation-home destination for many moguls hailing from Chera’s Syrian Jewish community, which dominates New York retail. Chera took his advice but fell ill anyway, and was admitted to New York Presbyterian/Weill Cornell Medical Center in late March. According to a source familiar with events, Chera’s wife, Frieda (Cookie) also contracted the virus, but recovered."

"Burger is not the only big name in real estate to have contracted the virus. Developer Sharif El-Gamal had also been diagnosed with it, as had Nest Seekers International CEO Eddie Shapiro.

Both executives are now recovering from the virus. But others have not had the same experience. Stanley Chera, one of the city’s largest retail landlords, has fallen into a coma after contracting Covid-19. And the Corcoran Group’s Marc J. Goodman died in late March."

Haim Chera, Stanley H. Chera and Stanley I. Chera

"Crown’s day-to-day operations are run by two of Chera’s sons, Isaac (Ike) and Richard Chera. Haim (Haimey) Chera, Stanley’s middle son, is head of retail at Vornado, a position he took when Crown bought a 24 percent stake in Vornado Realty Trust’s prime Manhattan retail portfolio, a megadeal that valued the portfolio at $5.6 billion. Crown also has a brokerage arm, Crown Retail Services, which negotiated Apple’s first Brooklyn store, in Williamsburg."

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Stanley Chera's big break was getting in on a deal with two Jews, to buy Ferdinand Marcos' buildings, through Marcos' Jew front man.

This big deal was stopped though, after an investigation into Marcos' fleecing of the Philippines, and his ties to Jeffrey Epstein's and Trump's buddy, Saudi arms dealer Adnan Khashoggi.

therealdeal.com/2020/04/11/stanley-chera-titan-of-nyc-retail-dies-of-covid-19/

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Developer Sharif El-Gamal on his Covid-19 diagnosis and what's next for NYC's real estate market

youtube.com/watch?time_continue=8&v=MWPmUyj5W7M&feature=emb_logo

"Those familiar with Crown’s operations likened Chera’s role in later years as being akin to a counselor, advising his sons who ran different verticals and deals and leveraging the relationships he had built in business, finance and politics. (Sen. Chuck Schumer was spotted at the office, as was Israeli prime minister Benjamin Netanyahu.)"

this is great news. let's hope they die slowly and in an undignified manner.

Greek tragedy! Chera made a huge gamble last April, spending 1.4 Billion on 24% of Vornado's retail portfolio. Retail is totally toast in NYC.

Vornado owns like 40% of Jared Kushner's 666 5th Ave. Anyway, Chera's sons will have to navigate a portfolio that may very well be worth less than their debts. The family was only worth 4 billion before the Corona crash.

Perhaps Crown’s biggest bet on New York retail came last April when it bought a reported 24 percent stake in Vornado’s prime Manhattan retail portfolio. The deal valued the portfolio at $5.6 billion. The retail market has continued its slide since then, however, and it’s unclear what the portfolio will be worth following the coronavirus pandemic.

“It’s almost kind of poetic, in a Greek tragic way,” a source in the New York retail market who frequently worked with Chera said of his death. “Because you have the retail industry, which he was such a pillar of, the retail world as we have known it, crumbling all around us.”

Slow or fast vertical works for me.

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You’ll Never Believe It but Jared Kushner May Have a Coronavirus Conflict of Interest
We know, we know, it’s so unlike him.

vanityfair.com/news/2020/03/jared-kushner-oscar-coronavirus

The other issue was the question of potential conflicts of interest, for which the president’s son-in-law has many. Whether it’s lobbying for tax breaks that would benefit his family fortune, meetings with top CEOs at the White House who later lent money to Kushner Companies, or the curious case of the Qatari bailout of 666 Fifth Avenue, virtually everything Kushner touches from his perch as a senior adviser to the president appears to have some connection to his personal net worth or that of his extended family. And, according to a new report from the Atlantic, COVID-19 is somehow no different.

On March 13, President Donald Trump promised Americans they would soon be able to access a new website that would ask them about their symptoms and direct them to nearby coronavirus testing sites. He said Google was helping. That wasn’t true. But in the following days, Oscar Health—a health-insurance company closely connected to Trump’s son-in-law, Jared Kushner—developed a government website with the features the president had described. A team of Oscar engineers, project managers, and executives spent about five days building a stand-alone website at the government’s request, an Oscar spokesperson told the Atlantic. The company even dispatched two employees from New York to meet in person with federal officials in Washington, D.C., the spokesperson said. Then the website was suddenly and mysteriously scrapped.

>Burger
lol

Nope. OP has done his homework.

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Scooter kid Tanner Fox came up in my recommendations, and he sold his mansion in San Diego, and he was shopping for a new mansion.
Then the buyer for his mansion pulled out, even though the deal was in escrow.

So nationwide, this is a real musical chairs scenario where landlords are left twisting in the wind, financially.

A big reason Trump is insanely trying to re-open the economy is to save his NYC real estate buddies made him president. They are screaming for help, no doubt, as are the banks that the developers owe money to.

Every day, more and more New Yorkers leave NYC for good. This is WAY more damaging to the land lord Jews than 9/11.

Poor Larry Silverstein with his big Freedom Tower, lol.

Remember that serial killer Robert Durst was a scion of one of these dozen NYC billionaire developers. That's the type of offspring these people create. Jared Kushners and Robert Dursts.

I had a rich Jewish developer friend who basically told me as much. Our other Jewish friend thought he was being anti-Semitic.

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So what happens if all the moguls do bankrupt? Another bailout for Trump's sonny Kushner?

Vt. student shopped at Robert Durst's store before vanishing

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Though now that I think about it maybe Trump hates all these guys and is enjoying watching NYC burn

Probably. But they'll still be less powerful, the ones that survive coronavirus.

The fall of NYC is a huge downgrade in power for the Jews. And most Americans are going to have PTSD from Coronavirus, so NYC will remain an unpopular place for many years.

So less money for Jewish non-profits, less money for Jewish journalism, less money for Jewish influence in general.

A big blow for globohomo.

Remember when Trump called them all bloodthirsty sharks or something? Just a few months ago.

James Dolan is kicking himself for not selling the Knicks for 3-4 billion a few months ago.

He DID get the money, you dirty kike rat.

Also, on a lower level, remember that dirty money from all over the world was dumping their cash in NYC luxury real estate. That market is wiped out. "Billionaires Row", lol. Not anymore.

Another thing is, NYC regular people are so "woke" that they were leap at the opportunity to not pay rent. Go ahead and try to evict, Silverstein, it will take 1-2 years. On a simple $2k/month apartment, that's $24-48k in lost rent for that one apartment, with no replacement tenant. Multiply that by about a million.

Yeah I’m gonna need sources on all of this shit.
Fake and Gay otherwise.

We are going to see what happens to the kike landlords in the upcoming months. Depending on how long this coronavirus lasts, there may be a huge shake out in the rent market, both for renters and rentees.

Not to mention malls and shopping centers, non-essential stores have been closed. Owners of said malls and strip-malls are going to be hurting. I'm not going to be surprised if tons of business owners simply tell their landlords to suck it.

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At least one of the top landlords in NYC is saying, "I'm never going back to meetings in person, Zoom meetings are so much better."

Little does he realize, everybody in every other business is thinking the same thing.

NYC is no longer going to be required as a central living/working point where everybody meets in person.

I think what will happen is places like Connecticut, South Jersey, and Eastern Pennsylvania will see real estate prices fare better than most other regions in the country.

Corporate NYC will no longer need to live within a 1-2 hour commute from NYC. They'll be looking for houses where they are within 3 hours of NYC for a weekly trip into the city for key meetings.

>I'm not going to be surprised if tons of business owners simply tell their landlords to suck it.

Yeah, with no light at the end of the tunnel, why would tenants go bankrupt living up to their lease, when nobody in the world will ever blame them for just breaking the lease as early as they want to.