DOWNTOWN BROOKLYN — CLIPPER REALTY is bracing for another major default in Downtown Brooklyn as the $125 million mortgage on 250 Livingston St., between Bond and Hoyt streets, heads to special servicing next week, according to Crain’s New York Business. The REIT fell delinquent last month, weeks after the city’s Human Resources Administration vacated the building following a 45-year tenancy, relocating 1,100 jobs to a new East New York hub. CEO David Bistricer insists he’s negotiating with lenders and courting a potential tenant, but filings show creditors have threatened foreclosure since March over revenue-deposit failures.
The loss of the 275,000-square-foot anchor tenant leaves nearly the entire property empty, and Clipper has signaled to regulators it may walk away, saying it

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