Flatiron Building likely fated to go back up for auction
Late last month, the Fifth Avenue landmark’s former owners lost their deed to deep-pocketed challenger Jacob Garlick, who flaked out on paying his deposit.
Source: nypost.com
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The Corbin Group at Rosewood Realty Sells Three Building Portfolio in Bankruptcy
Rosewood Realty has arranged the $5.4 million sale of a three-building mixed-use bankruptcy portfolio on the busy retail corridor of 5th Avenue in Sunset Park, Brooklyn. The four-story buildings at 4811, 5505, 5507 Fifth Avenue were sold under a plan of reorganization at $292 a square foot, by Rosewood’s Greg Corbin and Chaya Milworn who represented both sides of the...
Source: rew-online.com
ON THE SCENE: Latest middle market sales, acquisitions
Patience pays off for Chris Okada in Midtown South; Treetop enters the southeast industrial market; and a ramen shop buys its building in DC.
Source: rew-online.com
Eli Karp's Hello Living Near Death as Madison Realty Eyes Foreclosure
Eli Karp’s development firm Hello Living risks losing its portfolio after a judge ruled in favor of its lender, Madison Realty Capital.
Source: therealdeal.com
DeNardo Capital Loses Westchester Condo Project in Foreclosure
Developer’s last-ditch plan to save Irvington, New York luxury condo site has ended and its lenders are taking over the property.
Source: therealdeal.com