Introducing CRE MBA—self-paced online courses taught by industry experts for CRE professionals.

NYC DA Probes Mayor Adams Over Alleged Leasing Bribery

The Manhattan DA’s Office is investigating the Adams administration’s leasing of CRE, focusing on potential bribery and money laundering.
NYC DA Probes Adams Administration Over Alleged Leasing Bribery
  • The Manhattan District Attorney’s Office is investigating the Adams administration’s leasing of commercial properties, which was linked to possible bribery and money laundering.
  • The probe is the fifth criminal investigation involving Mayor Eric Adams and his close associates, including his chief advisor, Ingrid Lewis-Martin.
  • The investigation is linked to broader allegations of misconduct, with both federal and DA inquiries scrutinizing the mayor’s dealings with Turkish officials.
Key Takeaways

According to The New York Post, the Manhattan District Attorney’s Office has launched an inquiry into the Adams administration’s commercial property leasing deals, scrutinizing possible bribery and money laundering

Notably, this is the fifth criminal investigation targeting Mayor Eric Adams and his close circle, intensifying scrutiny around City Hall’s real estate dealings.

Long Arm of The Law

As part of the investigation, Mayor Adams’ chief advisor, Ingrid Lewis-Martin, had her phone seized by authorities as she returned from a trip to Japan. The phones of four others associated with Adams, including Jesse Hamilton, a top real estate official, and private broker Diana Boutross, were also confiscated. 

The group, all returning from the same trip, was stopped at JFK Airport on September 27. Investigators also searched Lewis-Martin’s home, removing documents and electronic devices.

Federal Involvement

This investigation is part of a larger probe into alleged misconduct involving the mayor and his administration. 

Federal officials have also issued a grand jury subpoena to Lewis-Martin in connection with Mayor Adams’ dealings with Turkish officials, for which Adams was indicted in a separate inquiry. 

Despite these investigations, Lewis-Martin’s attorney, Arthur Aidala, dismissed any claims of wrongdoing, emphasizing her adherence to ethical standards and calling the searches baseless.

Boiling Frogs

Mayor Adams and his allies are currently facing five separate investigations. The Manhattan DA’s office is leading one, while the US Attorney’s offices for the Eastern and Southern Districts of New York are conducting the other four. 

Despite the mounting legal pressure, Adams’ team has maintained its innocence, vowing to clear their names as the investigations unfold.

RECENT NEWSLETTERS
View All
Ares to Buy GCP For $5.2B, Becoming Top 3 Industrial Player
October 11, 2024
READ MORE
KKR Bets on Travel With Strategic Acquisition of The Parking Spot
October 10, 2024
READ MORE
NYC CRE Market Rebounds as Investor Confidence Fuels 63% Spike in Sales
October 9, 2024
READ MORE
Industrial Construction Nosedives as Vacancy Rates Surge
October 8, 2024
READ MORE

podcast

No CAP by CRE Daily

No Cap by CRE Daily is a weekly podcast offering an unfiltered look into commercial real estate’s biggest trends and influential figures.

Join 65k+
  • operators
  • developers
  • brokers
  • owners
  • landlords
  • investors
  • lenders

who start their day with CRE Daily.

The latest news and trends in commercial real estate delivered to your inbox. Get smarter about what matters in just 5-minutes or less.