Think the stalled/abandoned condo conversion of 25 Broad Street (aka The Exchange) and the controversial/slumping condo conversion of Sheffield57 couldn't cause any more headaches for developer Kent Swig? You might want to think again: "A Manhattan-based private equity firm filed suit against developer Kent Swig in late December alleging he defaulted on more than $39 million in loans and fraudulently inflated his stake in the Sheffield57 condominium." Oof. [Real Deal, previous]
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