NEW YORK CITY-Ponzi schemer James Nicholson's Manhattan condominium, the Time Warner Center-Unit ST-52A, has been sold by the federal government to Lucky Charming Chad LLC for $6.75 million.
Before his arrest in February 2009, Nicholson had purchased the Columbus Circle unit in May 2008 for $8.5 million. The sale of the Columbus Circle unit is perceived as another sign of the decline of residential real estate property as a result of the recession. For the full story, go to Bergen Record.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
