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Real Estate Development

Real Estate
Danbury-Based 'Lesser Evil,' Owned By Dad Of Alleged DOGE Staff Member, Moves Into New Property Danbury-Based 'Lesser Evil,' Owned By Dad Of Alleged DOGE Staff Member, Moves Into New Property
Danbury-Based 'Lesser Evil,' Owned By Dad Of Alleged Doge Staff Member, Moves Into New Property A fast-growing, CT-based snack brand owned by the father of a 19-year-old allegedly working with Elon Musk's new Department of Government Efficiency has secured a massive new distribution facility in Putnam County, expanding its presence in the Northeast. Lesser Evil, a Danbury, Connecticut-based company known for its organic and minimally processed snacks, has signed a 303,100-square-foot lease at Lincoln Logistics 84x684 Crossings in Brewster, according to real estate developer Lincoln Equities Group (LEG). The facility, located near major highways I-84, I-684, and Route 7 and finished in…

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by Ben Crnic
Business
Historic Norwalk Bank Building Reimagined Into Healthcare/Banking Center Historic Norwalk Bank Building Reimagined Into Healthcare/Banking Center
Historic Norwalk Bank Building Reimagined Into Healthcare/Banking Center A historic Fairfield County bank building has been transformed into a modern state-of-the-art medical facility, with easy access for residents, while maintaining a branch of the bank inside. The transformation took place in Norwalk at Wells Fargo Bank at 637 West Ave. in Norwalk for Stamford Health, said Michael Serrao, chief operating officer of Seligson Properties. The $20 million renovation was designed to reposition the existing three-story, 27,000 square-foot building built in 1955 into 24,000 square feet of medical office space for multi-specialty care and physical therapy on the…

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by Kathy Reakes
News
Area Developer Admits To Ponzi Scheme Area Developer Admits To Ponzi Scheme
Area Developer Admits To Ponzi Scheme A real estate developer has admitted to operating a years-long Ponzi scheme that included properties in Westchester. Michael D’Alessio, 53, has pleaded guilty to one count of committing wire fraud and one count of concealing assets from a bankruptcy court. He faces up to 20 years in prison and hundreds of thousands of dollars in fines when he is sentenced on March 22 next year. The elaborate scheme involved defrauding investors of luxury real estate developments in Manhattan, the Hamptons, Westchester and other locales. D'Alessio is the former president and CEO of real estate deve…

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by Zak Failla
Real Estate
Area Real Estate Developer Charged In Investment Scheme Area Real Estate Developer Charged In Investment Scheme
Area Real Estate Developer Charged In Investment Scheme A real estate developer is facing up to two decades behind bars for operating an alleged years-long Ponzi scheme that included properties in the Hudson Valley. Michael D’Alessio, 52, has been charged with committing wire fraud in connection to his elaborate scheme to defraud investors in luxury real estate developments in Manhattan, the Hamptons, Westchester and elsewhere. D'Alessio is the former president and CEO of real estate development firm Michael Paul Enterprises in White Plains. A career real estate developer and contractor, D’Alessio was the CEO of an investment and development fi…

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by Zak Failla
News
ID Released For Man Struck, Killed By Metro-North Train ID Released For Man Struck, Killed By Metro-North Train
ID Released For Man Struck, Killed By Metro-North Train Officials have identified the man fatally struck by a train near the Fairfield Metro-North as MTA Police detectives continue their investigation. Fairfield resident Alfred Lenoci, Jr., 55, was fatally struck by the train at approximately 5:15 a.m. on Wednesday morning, a Metro-North spokesperson said, when the 4:37 a.m. train from New Haven, due into Grand Central at 6:34 a.m., fatally struck him west of the station, near Grasmere Avenue in Fairfield. Lenoci is a well-known real estate developer who served prison time and was convicted in 2001 for his role in the corruption investigation of…

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by Zak Failla