# Michael Shvo

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Members-only Core Club sues landlord Shvo claiming 'shockingly poor' Fifth Avenue space

The posh members-only Core Club atop 711 Fifth Ave. might not be so posh after all. For that, the club blames landlord Michael Shvo. Hot water routinely has gone cold in the club’s guest rooms, and toilets repeatedly clogged after each flush, according to a lawsuit filed yesterday by the Core Club,…

Transforming the Transamerica Pyramid and Reshaping Downtown San Francisco | Part 2

SHVO's $400 million transformation of the Transamerica Pyramid required solving a fundamental problem: how do you renovate an iconic building without destroying what makes it unique? The building's original architect, William Pereira, created brilliant structural innovations but made unusual interi…

Judge rules Fifth Avenue club can’t be evicted by landlord Shvo

The Core Club on Fifth Avenue will stay open after a judge said its landlord can’t evict the posh members-only space that allegedly defaulted on millions worth of rent. The judge’s ruling is the latest skirmish in an escalating legal war between Core Club founder and CEO Jennie Enterprise and her l…

Billionaires Row developer sued over alleged legal debts

The developer behind some of the city's most recognizable skyscrapers is allegedly having some trouble keeping up with his legal bills. The law firm Kasowitz has sued JDS Development and its founder, Michael Stern, accusing them of falling behind on roughly $2.7 million in payments they owe the fir…

A Condo Kingpin’s Next Act and Proptech Falls off the Wall

This week, we discuss second acts: Ziel Feldman has left the scandal-ridden past of his glitzy New York condo development firm HFZ Capital Group behind, and he's reinvented himself as an affordable housing player through his silent partnership in GoodHomes. We trace the wild arc of his career and h…

Mandarin Oriental to reduce some condo prices by about 20%

Some condos at New York's Mandarin Oriental development will be put up for sale with reduced pricing after years of struggling to find buyers. Residential brokerage firm Serhant New Development is set to lead a revamped sales effort at the Mandarin Oriental residences at 685 Fifth Ave., which inclu…

Private Fifth Avenue club is letting in the riff-raff, landlord Shvo complains

What do you do when a private club lowers the velvet rope for almost everyone who wants in? It’s a profound question landlord Michael Shvo is asking in the course of his continuing legal battle against the Core Club, which leases the top floors of his handsome prewar building at 711 Fifth Ave. Shvo…

House of Brookfield, Wholesale Shopping and a Condo Buyout Coup

This week, we discuss the House of Brookfield’s new overlord: Connor Teskey has a modest target – double AUM to $2 trillion. We talk about the labyrinth that is Brookfield’s corporate structure – Bruce Flatt's not going away – and what CRE’s role in the ramp-up will be. We then look at the flurry o…

Episode 54: Michael Shvo - Chairman and CEO of SHVO

This week on Generating Alpha, I sat down with Michael Shvo — real estate developer, art collector, and founder of SHVO, one of the most distinctive luxury development firms in the world. Michael grew up in Arsuf, Israel, the son of two organic chemistry professors. As a teenager he taught himself …

Can You Have Bitachon When Billions Are On The Line? | Motty Grubin & Michael Shvo | Bitachon Unplugged Ep. 7

What happens to Bitachon when the stakes become enormous? In this episode of Bitachon Unplugged, Motty Grubin sits down with entrepreneur and real estate developer Michael Shvo for a conversation about success, pressure, risk, and trust in Hashem. As the conversation unfolds, they explore what Bita…