We are excited to announce the launch of our YouTube Channel. We have created an instruction video for the Income and Expense Schedule (TC201). Here is a link to the video.
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- Thor’s $150M loan on 597 Fifth heads to special servicingby By Keith Larsen on November 25, 2020 at 11:15 pm
Thor Equities’ troubles at 597 Fifth Avenue are mounting. The firm’s $105 million commercial mortgage-backed securities loan tied to the Charles Scribner’s Sons Building has gone into special servicing, according to a Trepp report. Joe Sitt’s firm has not made a loan payment on the 86,000-square-foot building since July. Thor’s attempt to pay off part of the loan at a discounted amount was rejected by the servicer, according to Trepp. The mortgage on the Midtown The post Thor’s $150M loan on 597 Fifth heads to special servicing appeared first on The Real Deal New York. […]
- Target planning yet another NYC store in Chelseaby By Sasha Jones | Research By Orion Jones on November 25, 2020 at 10:00 pm
Target is opening yet another location in New York City. The big-box retailer has signed a lease at 258 Eighth Avenue in Chelsea, currently occupied by a sprawling — and bankrupt — New York Sports Club. Target will take up a 28,000-square-foot retail space in the base of a to-be constructed mixed-use rental building, according to a statement by a spokesperson for JJ Operating, who purchased the site in 2017 for $107 million. The building The post Target planning yet another NYC store in Chelsea appeared first on The Real Deal New York. […]
- Steve Witkoff buys waterfront Miami Beach lot for $8Mby By Wade Millward on November 25, 2020 at 9:45 pm
A company tied to the Witkoff Group bought a vacant waterfront lot on Miami Beach’s North Bay Road for $8 million. The New York-based real estate investment and development group, led by Steve Witkoff, bought the nearly half-acre lot at 4766 North Bay Road, according to records. A spokesperson for the company did not return a request for comment. The seller was JPMorgan Chase Bank, which bought the property at public auction for $5.4 million The post Steve Witkoff buys waterfront Miami Beach lot for $8M appeared first on The Real Deal New York. […]
- Two-year Tribeca foreclosure saga continues with lawsuit over $20Mby By Akiko Matsuda | Research By Orion Jones on November 25, 2020 at 9:21 pm
Churchill Real Estate has filed a lawsuit against a company tied to CTW Realty’s Gary Tse in order to collect a $20 million foreclosure judgment. The lawsuit, filed in New York State Supreme Court, is Churchill’s apparent attempt to counter Tse’s recent move to seek Chapter 11 bankruptcy protection for the shell company, 381 Broadway Realty, which faces foreclosure and $23 million in debt, including $20 million from Churchill. In the complaint, Churchill alleges that The post Two-year Tribeca foreclosure saga continues with lawsuit over $20M appeared first on The Real Deal New York. […]
- Compass eyes IPO in 2021by TRD Staff on November 25, 2020 at 8:43 pm
Compass has tapped underwriters for a potential public offering that would be among the most buzzed-about IPOs in the residential world. The SoftBank-backed firm, which jolted traditional brokerages when it launched eight years ago, has hired Morgan Stanley and Goldman Sachs as underwriters, Bloomberg reported. It is looking at a potential IPO sometime in 2021. Founded in New York in 2012, Compass has raised more than $1.5 billion from investors including SoftBank, Fidelity, Wellington Management, The post Compass eyes IPO in 2021 appeared first on The Real Deal New York. […]
- Thor’s $150M loan on 597 Fifth heads to special servicing