Hello Benedict, there is a front page story in today's paper about the Pointe Condominium located at the corner of Victory Blvd. and Bay St. The news there is not good. The doorman is gone, and there is no janitor. Con Edison has threatened to turn off electricity to the common areas, only a half dozen units have been sold, and a homeless person was encountered in the unattended lobby. One of the buildings occupants is seeking $800,000 in a lawsuit over the purchase of his condominium. The article further states that Lieb Puretz the developer defaulted last spring before foreclosure began.

Hello Benedict, unfortunately I have not heard any news lately. If I do I will contact you immediately.

According to the RealDeal units at the Pearl are not yet on the market due to sewer and legal issues. The SI Advance reported Capitol One Bank is foreclosing on $34 million in mortgages for the Pearl, which has 101 units, after the developer was unable to get enough financing to pay the note when it came due last year.