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Bronx Bomb

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Milbank is making news across the country: The development company, (the CEO of Milbank is head of the LLC that owns The Roosevelt) purchased numerous properties in the Bronx in 2007, buildings that are "now saddled with 3,261 code violations," due to disrepair, including "leaks, mold, rats, roaches, collapsed ceilings, missing floorboards and fire damage." The properties are in foreclosure and city officials in NYC are trying to stop transfer of the loan to a mystery buyers, according to Crains, to ensure the properties are properly fixed up. [Crains NY]