Page 5 - Jonathan Silverstein News Today

Ownership of Manhattan’s iconic Flatiron Building is still up in the air after the surprise winning bidder at last week’s auction failed to follow through on a $19 million deposit that would have guaranteed his sole ownership of the building, which has been vacant for years. Last week, the...

The man who won ownership of the iconic Flatiron Building in NYC with a $190M bid now may have immediately lost the rights to it after failing to make the first $19M down payment.

A little-known buyer won an auction and then went off the radar, failing to pay the $19 million deposit. Now the famous building’s fate is uncertain.

After writhing over SVB, Signature Bank and all the rest, Jerome Powell weighs in and decides the market is health enough for a small hike.

In a court-ordered auction, New York City's iconic Flatiron Building sold for $190 million on the steps of a Manhattan courthouse.

The Flatiron Building’s fate is still up in the air with Jacob Garlick not delivering on 10 percent of the $190M owed by end of day Friday.

This week Jacob Garlick emerged as the new owner of the Flatiron Building with a bid of $190 million at an auction for the landmark building.

The now-former owners of the Fifth Avenue landmark lost their deed to a deep-pocketed challenger in a Wednesday court-ordered auction.

The sale to outsider bidder Jacob Garlick puts an end to the protracted legal battle between the iconic skyscraper’s five former owners.

The iconic Flatiron Building in New York City will go up for auction later this month in a bid to finally settle a bitter dispute between its four owners.