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Real Estate & Property Law

: Real Estate Space

Government Seizes 650 Park Avenue

By Doug Cornelius

a href="http://4.bp.blogspot.com/_r2xdMpzlZOM/SUpuKU-mS5I/AAAAAAAABQc/pDJ2BXYVKWI/s1600-h/650+fifth+avene.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"img border="0" src="http://4.bp.blogspot.com/_r2xdMpzlZOM/SUpuKU-mS5I/AAAAAAAABQc/pDJ2BXYVKWI/s320/650+fifth+avene.jpg" //aAccording to the Wall Street Journal, the United States Attorney for the Southern District of New York has filed a forfeiture proceeding against 650 Fifth Avenue in New York.br / br / In its press release: a href="http://www.usdoj.gov/usao/nys/pressreleases/December08/assacorpforfeiturepr.pdf"United States files civil forfeiture action against ASSA corporation's interest in Manhattan office tower/a (.pdf), the DOJ claims that a 40% interest in the building is held by the ASSA Corporation which is acting as a front for Bank Melli...continue to full post

Full post as published by Real Estate Space on December 18, 2008 (boomark / email).

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