PincusCo weekly recap
The top news PincusCo reported last week was Watermark Capital Group and partner Maguire Capital
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2022 saw $1.8B in NYC note sales amid interest rate uncertainty
Investors bought $1.8 billion in commercial note sales in 2022 covering New York City properties,
$20M bankruptcy filed at highly litigated 24-unit condo development in Williamsburg
Following several losses in state court and a UCC auction today, Aron Lebovits, an owner
Donna Shavolian Hedvat pays $3.6M to Seagram Properties for mixed-use in Ridgewood
Donna Shavolian Hedvat through the entity 7001 Forest Ave Operating LLC paid $3.6 million to
Vertuccio family pays $6.8M for industrial in Ridgewood
The Vertuccio family through the entity JV North 12th Street LLC paid $6.8 million to
Brooklyn-based adult care provider W Group signs $16M contract in Williamsbrige
The Borough Park-based W Group, led by Berry and Samuel Weiss, signed a contract in
Wolfe Landau’s Watermark, Maguire Capital acquire control of large Sunset Park dev site, up to 850K sf
By Adam Pincus Brooklyn investors Wolfe Landau and David Tabak of Watermark Capital Group and
Investor pays $6.5M to Moses Fried estate for 40-room hotel in Bay Ridge
The entity E 93 Realty LLC paid $6.5 million to the Moses Fried estate, Babbitt
Steven Hurwitz pays $6.8M for 19-unit dev site in Crown Heights, gets $13.7 construction loan from Popular Bank
Steven Hurwitz through the entity 458 St Marks LLC paid $6.8 million to David Gross