A team of investors led by Todd Lippiatt of Aristone Realty Capital

The owner and residents of the Yorkshire Towers, a rental complex at 305 East 86th Street, filed suit yesterday to force transit officials to justify planned entrances for the Second Avenue Subway in front of their building. Yorkshire Towers Co. and the Yorkshire Towers Tenants Association say the proposal means nearly 9,000 commuters will flood the sidewalk during the morning peak hour for entry and exit at the building.

A team of investors led by Todd Lippiatt of Aristone Realty Capital has come to the rescue at 245 10th Avenue, the 11-story condominium near the High Line that had been facing a foreclosure action and several lawsuits. The investors have bought out the debt holders at the property, including Citigroup and Hudson Realty Capital, which had filed to foreclose on their $43.3 million mortgage last March. Now, with the foreclosure action withdrawn, and the lawsuits, filed by contractors over allegedly unpaid work, settled, the project is on schedule to debut in the spring.

A high-end residential development in Greenpoint that was funded in part by basketball great Magic Johnson and that failed as a condominium but survived as a rental was sold in bankruptcy for $58.2 million. Brooklyn investors Chaim Gross, Martin Friedman and Joseph Brunner signed a purchase agreement for the 130-unit property known as Viridian, at 110-130 Green Street between Franklin Street and Manhattan Avenue.

The city is seeking to lure a "top caliber academic institution" to open a new graduate engineering school campus with the promise of as much as $100 million in real estate and other public contributions. The city is concerned that it is falling behind its peers in attracting technology start-ups and may offer up properties like the former hospital sites at the Brooklyn Navy Yard and Roosevelt Island.

William Beaver House, the Andr?Balazs-designed Financial District condominium that was just bailed out by the Los Angeles-based CIM Group, is going partially rental under its new ownership. The 333-unit tower, which had been facing a foreclosure lawsuit prior to the takeover, was part of a three-piece deal in which CIM agreed to buy the debt on two troubled Sapir Organization buildings (Trump Soho and Beaver House) and take an equity stake in another (11 Madison Avenue). CIM purchased the loan on over 200 unsold condos at the Beaver House and subsequently took ownership through a deed-in-lieu of foreclosure.

A Joseph Moinian-Stephen Ross battle for tenants may be underway, with Moinian planning to build a new office tower just north of Related Companies' $15 billion West Side rail yards development, which is currently seeking office tenants. Although Moinian hasn't divulged too many secrets about his new development, set to break ground on 11th Avenue between 34th and 35th streets, he did say he plans to begin marketing the 1.6 million-square-foot tower. While the timing of Moinian's announcement may be brushed off as mere coincidence, the developer said he'd been planning the project for five years. The Related CEO has been angling to foreclose on Moinian's 3 Columbus Circle office building.