Katara acquires Dream Downtown ground lease valued at $125.6M from Dream Hotels
Qatar-based Katara Hospitality through its Q Downtown NY LLC acquired the ground lease valued at
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Jeff Sutton pays down debt at 720 Fifth to $255M, from $305M
By Adam Pincus Jeff Sutton, president of Wharton Properties, reduced the debt on the Plaza
Tony James’s Jefferson River acquired Ron Perelman debt from Citigroup
By Adam Pincus and Varvara Budetti The family office of Blackstone Group executive Hamilton “Tony”
Data snack: $230M in 17 NYC note sales recorded last month
There were at least 17 New York City loans with a combined original principal of
Courts roundup: Fortress files to foreclose on E. Williamsburg site; Westfield sues Victoria’s Secret for $32M after appellate loss
Courts roundup for May 28 to May 31, 2021: There were no bankruptcies of interest,
Dry Creek Capital buys $15.8M note secured by West Village retail condos
Denver-based Dry Creek Capital Partners, through the entity DCC Vigilant bought a note with an original
Courts roundup: Madison Realty hit with $19.7M pre-foreclosure in Brooklyn; 11 Beach condo sues HFZ; more
Courts roundup for May 26 and 27, 2021: There were no commercial bankruptcies of interest,
Akam pays $11M to Magnum, RoundSquare for retail condos in Chelsea
Akam Associates paid $11 million to Magnum Real Estate Group, RoundSquare Development and Lam&W Realty
Texas-based rug maker purchases NoMad office building for $52.5M
By Varvara Budetti An affiliate of Texas-based rug maker Loloi Rugs purchased the 59,870-square-foot office