Day: August 7, 2020

NYC Families Brace for Cuomo’s School Reopening Decision Today

(Bloomberg) —

Governor Andrew Cuomo’s decision on whether to reopen New York City’s schools is among the most consequential he has had to make in months of grappling with the Covid-19 pandemic.

Beyond the risks to public health, at stake is the education of 1.1 million students, the livelihoods of their parents, the working conditions of 235,000 school workers and the ability of thousands of struggling businesses to employ people and survive. The governor has said he would decide on local districts’ plans by Friday.

Officials in the largest U.S. school district have spent the past five months planning for a hybrid schedule in which students would attend school one to three days a week, depending on a building’s capacity. The rest of the time, the district intends to offer online learning. But the split schedule causes as much difficulty as stay-at-home instruction, said Janine Harper, a former Parent-Teacher Association

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Ladder Capital Seeks to Foreclose on Witkoff’s South Beach hotel

Steve Witkoff and the Washington Park Hotel (Getty, Google Maps)

Steve Witkoff and the Washington Park Hotel (Getty, Google Maps)

A lender is seeking to foreclose on the Witkoff Group’s South Beach hotel after it alleges the developer failed to make its July payment on a $45 million loan.

Ladder Capital Finance filed a foreclosure lawsuit against the owner of the 181-room Washington Park Hotel and is seeking to collect the entire loan, along with interest and late fees. Private equity giant Carlyle Group is also a partner in the hotel at 1050 Washington Avenue.

The lawsuit was filed on July 22 in Miami-Dade County Circuit Court and is one of the largest foreclosure lawsuits in South Florida since the coronavirus pandemic began.

The boutique Art Deco hotel reopened in 2016 after an extensive renovation.

Ladder Capital provided the $45 million loan to the hotel in May 2016. The New York-based lender sent the company a letter of default on

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