Soho groups file lawsuit to block rezoning
05/03/2021 10:00 AM EDT
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Quick Fix The City Planning Commission is slated to move
the proposed SoHo rezoning into the formal land use review process during a meeting today, as the de Blasio administration fights a new lawsuit from community groups seeking to block the plan.
Columbia Property Trust entertains $2.2B takeover bid from Arkhouse
Mills
An unsolicited $2.2 billion bid from Arkhouse Partners to take over Columbia Property Trust is being officially entertained by the real estate investment trust, the company announced Thursday evening.
Arkhouse, an entity of real estate development firm the Sapir Organization, and 8F Investment Partners formally submitted their proposal to buy the office landlord in March and take it private, citing concerns about the company’s underperformance in the stock market and pandemic-related challenges.
“We have concluded that Columbia’s stockholders are not likely to realize the value of the company’s assets in the foreseeable future if the company remains on its current course in the public market,” the investor group said in March.
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