# Chen Family Wins Legal Battle Over Garment District Condo

Page: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/chen-family-wins-legal-battle-over-garment-district-condo
Text version: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/chen-family-wins-legal-battle-over-garment-district-condo.md
Podcast: [Real Estate News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453)
Published: 2026-06-26T19:40:12+00:00
Episode link: https://api.fastcast.ai/audio/e5f61ced-dda8-4ffb-b635-5024caf13d68.mp3
Audio file: https://api.fastcast.ai/audio/e5f61ced-dda8-4ffb-b635-5024caf13d68.mp3
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Duration seconds: 119

## Resource

A stalled Garment District condo project just got a major legal twist: a New York judge ruled that a deed-in-lieu agreement the bank tried to use to seize the property is actually a mortgage — forcing the bank’s new owner, Empire Capital Holdings, to go through the lengthy foreclosure process instead. This keeps the Chen family’s twelve-story building in their hands for now, even as they battle a separate $3 billion fraud lawsuit. The ruling is a big win for the Chens, who defaulted on a $60M loan and even filed bankruptcy to keep the project alive — but the legal fight is far from over. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/a7ef3471b769deb7

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