Buyer files bankruptcy to preserve $92.5M purchase from Fairstead in Harlem
A contract vendee controlled by bankruptcy expert and real estate investor David Goldwasser filed for
Transfers
Manhattan most active for neighborhood CRE sales over the past 12 months
The four most active neighborhoods for New York City commercial property sales were in Manhattan,
PincusCo recap: Week ending February 17
Distress remains the top news for New York City commercial real estate, accounting for the
Courts roundup: Arch Companies sues AB Capstone, Karten sues Schuster
Arch Companies, led by Jeffrey Simpson, sued Meir Babaev’s AB Capstone last week seeking to
FBL Development signs $25M construction loan with Ponce Bank for 52-unit development in Astoria
FBL Development through the entity FBL Astoria LLC as borrower signed a new construction loan
McSam Hotel Group signs $35M refi with State Bank of Texas for new Marriott hotel in Times Square
Sam Chang’s McSam Hotel Group through the entity Sclb 46th Street LLC as borrower signed
Carlyle Group pays $3.6M for 7-unit walkup in Bedford Stuyvesant
Carlyle Group through the entity Townhouse Rental II, L.L.C. paid $3.6 million to Joel Waldman
Laborers Local 78 pays $3.6M for office in Woodside
Laborers Local 78 through the entity Local 78 Realty Corp paid $3.6 million to Spyro
Wade Guowei Li pays $3.7M to Martin Choy for mixed-use in Chinatown
Wade Guowei Li through the entity United 17 Division LLC paid $3.7 million to Martin