Swig

In 2005, Mr. Swig paid $200 million for the property, adding to a portfolio of commercial properties he controlled in the Financial District.

Project Comes Back to Life Craig Karmin 2011

Property developer Kent Swig and his soon-to-be ex-wife Elizabeth are facing foreclosure on their apartment located at billionaire co-op 740 Park Avenue in New York City, the U.K.'s Daily Mail reports.

Kent And Elizabeth Swig Face Foreclosure In 'World's Richest Apartment Building' 2011

This month, Savanna gained full control of the building, previously owned by Kent Swig, for no additional payment, Mr. Schlank says.

Investors Restart Once-Stalled Developments Craig Karmin 2010

A spokesman for Swig Equities said, "We are proud of the renovation of 25 Broad Street completed by Swig Equities in June 2008, and are pleased that tenants will be able to enjoy living in this magnificent historic property."

Project Comes Back to Life Craig Karmin 2011

A high-profile downtown condominium conversion project by developer Kent Swig that hit the wall during the downturn is coming back to life as a rental apartment building.

Project Comes Back to Life Craig Karmin 2011

Another failed condo project that's seeing signs of life is 25 Broad St. The former office building was converted to condos by Kent Swig.

Downtown Sees High-End Rebound Laura Kusisto 2011

Twenty Five Broad Street was purchased by developer Kent Swig in 2005 for $262.5 million, according to public records.

Building Revived Laura Kusisto 2011

Mr. Swig did extensive renovations to transform the property into a luxury condo building.

Building Revived Laura Kusisto 2011

"We also have an honoree"—that would be the arts patron Liz Swig —"who likes to have a lot of fun, so it came together."

A Hot Club Time Machine Marshall Heyman 2011

Mr. Swig had tried to convert the building into condos but he defaulted on his mortgage loan in 2008 and the following year a New York state court appointed a receiver to figure out what to do with it.

Project Comes Back to Life Craig Karmin 2011