Brooklyn developer Louis Greco has filed for Chapter 11 bankruptcy, revealing up to $500 million in debts against as little as $10 million in assets. The Second Development Services founder faces nearly 100 creditors, including the IRS and former partners, plus a $30 million judgment and a state probe into a troubled Clinton Hill condo. Greco calls it "great success and great failure." Read the full story at the link.
The Real Deal’s Post
More from this author
-
SL Green buying Blackstone’s Park Avenue Tower; MGM folds on Yonkers casino bid… and more
-
The real estate fight that led to Chicago immigration raid; Pacific Park officially gets new development team… and more
-
Warning signs cloud market outlook in South Florida; Ikea buys Soho building from Jeff Sutton… and more
Explore content categories
- Career
- Productivity
- Finance
- Soft Skills & Emotional Intelligence
- Project Management
- Education
- Technology
- Leadership
- Ecommerce
- User Experience
- Recruitment & HR
- Customer Experience
- Real Estate
- Marketing
- Sales
- Retail & Merchandising
- Science
- Supply Chain Management
- Future Of Work
- Consulting
- Writing
- Economics
- Artificial Intelligence
- Employee Experience
- Workplace Trends
- Fundraising
- Networking
- Corporate Social Responsibility
- Negotiation
- Communication
- Engineering
- Hospitality & Tourism
- Business Strategy
- Change Management
- Organizational Culture
- Design
- Innovation
- Event Planning
- Training & Development