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Qatari royalty snags Flatiron retail building from Thor Equities A member of the Qatari royal family has purchased a Flatiron retail building from Thor Equities for $40 million. Sheikh Thani bin Abdullah Al Thani purchased the 17,600-square-foot-property at 164 … Market Summary Retirement Intelligence Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not limited to articles, directories, photos, lists, etc., on this website are the sole property of ForexTV or the respective copyright holders and are intended for informational/educat...

  A member of the Qatari royal family has purchased a Flatiron retail building from Thor Equities for $40 million. Sheikh Thani bin Abdullah Al Thani purchased the 17,600-square-foot-property at 164 Fifth Avenue from Joe Sitt’s firm at $2,272 per square foot, records show. The five-story building is fully leased to Alo Yoga and sits between 21st and 22nd streets. Alo Yoga has 15 years left on its lease. The site is also home to Sutra, a new restaurant led by celebrity chef Matthew Kenney focusing on plant-based cuisine. Thor announced the building’s sale two weeks ago in a release, but d...

Share via Shortlink From left: The Grace Building, 250 West 57th Street, 32-42 Broadway, and One Union Square South (Photos via Wikipedia Commons, ESRT, Google Maps, and StreetEasy) The 10 largest Manhattan loans recorded in November totaled $2.12 billion, a 16 percent increase from October’s total. More than half of that sum came from a single massive loan: a $1.25 billion refinancing of the 49-story Grace Building north of Bryant Park, which came in the form of a single-asset/single-borrower commercial mortgage-backed security transaction. The market for such SASB CMBS deals has l...