Like a mat-bound boxer who, with his last gasp of breath, drags his nemesis down with him, Lehman Brothers Holdings, a vestige of the now defunct investment bank, filed a foreclosure suit on Jan. 22 against the developer Kent Swig and his project at 45 Broad
Street. The suit was first reported on The Observer’s real estate blog. It ...

Lehman Brothers has begun foreclosure proceedings on Kent Swig's apparently catastrophic project at 45 Broad Street. The foreclosure proceedings were initiated on Thursday, Jan. 22. 45 Broad LLC and Kent Swig, president of Swig Equities, are named in the suit, along with various organizations that have filed liens against Mr. Swig (and thereby claimed an interest in the property ...

Private equity firm sues Kent Swig, alleging $39 million in loan defaults and fraudulent claims about Sheffield57 stake. [TRD] Sign of the times, big-time: Two Plaza condos listed for below purchase prices. [TRD] Mmmm... Boulud. Daniel will host beer-pairing dinners later this month. [Eater] The Four Seasons Restaurant turns 50, offers menus like it's 1959. [Eater] A rundown of ...

From The Real Deal: "Legendary New York journalist Jimmy Breslin and his wife, former City Council member Ronnie Eldridge, paid $1.65 million for an apartment in the troubled Kent Swig condominium conversion Sheffield57, south of Columbus Circle. The purchase at the 58-story tower at 322 West 57th Street, between Eighth and Ninth avenues, closed on December 8, according to ...