[ June 18, 2026 ]
“They still have no idea what they’ve done”
“A wall has been broken and there are no take backs. Any company can now be targeted and have their assets seized at the whim of an over zealous AG or politicians. I don’t expect you to know or understand standard CRE practices, but every company below could be found guilty of the exact same actions the Trump Organization was accused of and found guilty, because it is NOT a crime. ”
The fall-out from Democrat totalitarian injustice begins.
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They still have no idea what they’ve done. What is that sucking sound? I do not want to cause any additional anxiety for my partners but our family office is working on pulling $2B out of NYC as cleanly as possible. A number of pension funds that have already abandoned ESG are… pic.twitter.com/zCAcD768Y1
— Tony Seruga (@TonySeruga) February 21, 2024
I know many reading this think they are experts in everything. You’re not. Those of us who actually attended law school and have been doing commercial real estate for over 40 years, you’ve been lied to. You do not have the facts. You do not know what you are talking about. We…
— Tony Seruga (@TonySeruga) February 21, 2024
2 OF OUR CORPORATE COMPETITORS JUST ANNOUNCED THE SAME THING.
Due to LIABILITY RISK of doing business in NY, they are LEAVING THE STATE.
There are only 6 providers in the state providing hospitals with this key technology and functionality.
In 48 hours HALF HAVE LEFT.
The…
— Murphy the Warrior Princess (@CharlesH4698921) February 21, 2024
Tony Seruga of Greenlaw Capital:
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I know many reading this think they are experts in everything. You’re not. Those of us who actually attended law school and have been doing commercial real estate for over 40 years, you’ve been lied to. You do not have the facts. You do not know what you are talking about. We employ two of the largest law firms in the country and they’ve been in meetings 16 hours a day in order to determine just how bad this all really is.
Every one of these companies, representing trillions of dollars in real estate, is carefully evaluating whether to stay or exit.
Chetrit Group
Vorea Group
Turnbridge Equities
Extell Development
Bldg Management Company
Vornado Realty Trust
L+m Development Partners
United Construction And Development Group
Beb Capital, Totem
Howard Hughes Corporation
Starrett Corporation
Rfr Realty
Jay Group
Property Markets Group
Rabsky Group
Two Trees Management
Heartfelt Townhouse Builders
Lonicera Partners
Taconic Partners
Beitel GroupWhether Trump wins on appeal or at SCOTUS, the precedent has been set. A wall has been broken and there are no take backs. Any company can now be targeted and have their assets seized at the whim of an over zealous AG or politicians. I don’t expect you to know or understand standard CRE practices, but every company below could be found guilty of the exact same actions the Trump Organization was accused of and found guilty, because it is NOT a crime.
The feds declined to file charges as did the previous AG. And the reality is, this should have been heard by the Commercial Division, however, they had already declined to file.
Why do you suppose the real experts in complicated commercial cases, part of the Supreme Court of New York State would decide not to pursue?
Think about all those real property owners with over valued properties because commercial occupancy rates dropped below 55%, on average. What did they base their valuations on? 80%? 90%? They all borrowed money.
— SteveInTennessee (@stephen_deakins) February 21, 2024
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Wait until the banks realize that they are guilty of the same “crime”.
2 parties engage in a business deal with due dilligence and estimated valuations. They both agree contractual to the information as verifiable and true. If the developer is guilty of anything in the deal…
— Rob Volatile (@RobVolatile) February 21, 2024
The fall-out.
The Truth Must be Told
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