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Started By
Message
Trump Railroading Aftermath
Posted on 2/22/24 at 11:53 am
Posted on 2/22/24 at 11:53 am
This guy is knowledgeable about the future problem NYC will have. I don’t think they thought this through.
——
Tony Seruga
@TonySeruga
Investor | Board Member | Big Data Pioneer | Intel Ops | CIA/NSA Contractor/Whistleblower | CRE | Philanthropist | Healthcare M&A @ https://GreenlawCapital.com
——
Tony Seruga
@TonySeruga
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 now divesting from NY real estate.
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 Group
Whether 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?
Tony X LINK
——
Tony Seruga
@TonySeruga
Investor | Board Member | Big Data Pioneer | Intel Ops | CIA/NSA Contractor/Whistleblower | CRE | Philanthropist | Healthcare M&A @ https://GreenlawCapital.com
——
Tony Seruga
@TonySeruga
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 now divesting from NY real estate.
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 Group
Whether 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?
Tony X LINK
13
Posted on 2/22/24 at 11:55 am to OU Guy
Yup. I said this both after this decision and the criminal indictment.
NY has some really shitty laws regulating businesses.
NY has some really shitty laws regulating businesses.
Posted on 2/22/24 at 11:57 am to OU Guy
But it’s okay if you only think a certain way! Just think and say what the democrats tell you to and you’ll be safe!
Posted on 2/22/24 at 11:58 am to OU Guy
New York City is about to become a real life Gotham
Choosing to do business in that city/state right now is probably the worst business decision one can make, especially if you are a conservative/republican.
Choosing to do business in that city/state right now is probably the worst business decision one can make, especially if you are a conservative/republican.
Posted on 2/22/24 at 12:00 pm to OU Guy
quote:
I know many reading this think they are experts in everything. You’re not
He’s speaking directly to people like SFP
Posted on 2/22/24 at 12:02 pm to OU Guy
but the news man told me that Trump's crimes were real, and not just frivolous and politically motivated prosecution of a natural function of the real estate business that would ultimately expose all NYC developers to the horrific precedent this case creates!?!?!
Posted on 2/22/24 at 12:07 pm to OU Guy
quote:
This guy is knowledgeable about the future problem NYC will have. I don’t think they thought this through.
Doubtful.
Look at what state in the USA has the most corporate offices and private offices (the 1% of the 1% of the 1% aka ~ 350 Americans in a population of 350,000,000 MILLION Americans) and it is not NY, CA, TX, or FL. Rich folks may live in those states and operate offices out of those states but "officially" reside in a tiny state with 200+ years of case law behind them. You can thank the DuPont family back in the 1700's for that.
The richest of the rich really do live and think differently than the rest of us.
Posted on 2/22/24 at 12:12 pm to OU Guy
The fricking Governor of NY came out and literally said to investors, “Don’t worry about this judgement. It was only done to Trump and you all have nothing to worry about, unless you are deemed an enemy of the Democratic establishment.”
Posted on 2/22/24 at 12:18 pm to thebigmuffaletta
How dare you sir. SFP is a scholar among scholars. He's a subject matter expert. Anything you ask him, he will give you an unbias opinion.
/sarcasm.
/sarcasm.
Posted on 2/22/24 at 12:21 pm to OU Guy
Trump was never taken seriously as a NYC real estate guy
He had to run to German Banks mostly (he stiffed them twice)
Manhattenites knew he was a grifter all along.
"He has a uniquely bad business record"
Tucker Carlson 2021
He had to run to German Banks mostly (he stiffed them twice)
Manhattenites knew he was a grifter all along.
"He has a uniquely bad business record"
Tucker Carlson 2021
Posted on 2/22/24 at 12:21 pm to OU Guy
quote:
Every one of these companies, representing trillions of dollars in real estate, is carefully evaluating whether to stay or exit.
Probably not a good idea to out companies like this. Let them speak for themselves.
Posted on 2/22/24 at 12:27 pm to Cheese Grits
quote:
You can thank the DuPont family back in the 1700's for that.
Posted on 2/22/24 at 12:28 pm to OU Guy
Woah watch it. All this is is “conservative fake news protecting trump”
Posted on 2/22/24 at 12:31 pm to OU Guy
I have no idea if there is going to be any sort of divestment from New York because of this - but Tony Segura appears to me to be a braggart and probably isn't even close to as knowledgeable and influential as he claims to be - but what do I know?
Posted on 2/22/24 at 12:31 pm to Tmcgin
quote:
Trump was never taken seriously as a NYC real estate guy
He had to run to German Banks mostly (he stiffed them twice)
Manhattenites knew he was a grifter all along.
Yes he is awful at business. I guess thats why he is only a billionaire.
Posted on 2/22/24 at 12:36 pm to SlowFlowPro
quote:
NY has some really shitty laws regulating businesses.
NY state has some real problems with the state AG abusing their position to get donations from corporations in order to minimize charges or fines leveled against them.
Spitzer was notorious for harassing Sony, Wall Street firms, and others who weren’t sufficiently generous to the Democrat party.
Posted on 2/22/24 at 12:37 pm to SlowFlowPro
Mate given the state of the country will you be openly MAGA this election cycle or are you going to play it coy as usual?
Posted on 2/22/24 at 12:44 pm to OU Guy
I hope New York turns into Detroit
Posted on 2/22/24 at 12:48 pm to burke985
quote:
I hope New York turns into Detroit
The docks will keep it from descending completely to that level, as it is one of the world’s busiest ports.
But a lot of other industries could nope out of the area if there aren’t geographic or legal reasons to remain.
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