FIVE Holdings

It was a sweltering evening inside the Swinging Sixties Senior Center in Williamsburg, where the air conditioning struggled against the heat and an unusually packed crowd.  Folding chairs, far and few between, ran out quickly, leaving latecomers standing along the back walls, fanning themselves with pamphlets and meeting agendas. At the front, the microphone barely…

Following months of messy and complicated court battles, Brooklyn Mirage, its bankrupt parent company Avant Gardner, and its new owner Axar Capital Management are officially out of bankruptcy court as of Thursday morning.  “I’m happy to confirm the plan,” Judge Mary Walrath said at a hearing in the Bankruptcy Court for the District of Delaware,…