From the September issue: New York real estate might be known for its big personalities, but there are a host of owners and investors like Frank Ring who shun the spotlight.

Some publicity-shy players are revered in the industry for having orchestrated some of the city’s biggest deals: Lloyd Goldman, Jeffrey Feil and Joseph Cayre, for example, are spoken of in reverential tones by commercial brokers as high-powered, big-money wheelers and dealers.

Still others are the stuff of local legends. Families like the Moskowitzes and the Trenkmanns are known for being multi-generational kings of small neighborhoods.  [more]

From the September Issue: In the West 20s, the name “F.M. Ring Associates” is emblazoned on the
sides of numerous buildings. The fading mural-like advertisements look
like relics from a bygone era. Brokers say much of Ring’s valuable
portfolio, most of which is in the prime neighborhoods of Gramercy,
Chelsea and Flatiron, sits strangely empty. This month, The Real Deal looks at the mystery of the Ring family and profiles a host of big under-the-radar players in New York. more

The total value of delinquent securitized loans written on Manhattan properties declined by 55 percent in May to $121 million from $272 million in April, according to data from loan tracking firm Trepp. While this drop is significant, the majority of the value of April’s delinquencies was the $225 million note on the Riverton Houses in Harlem, and that note was no longer classified as delinquent in May. Included for the first time on the delinquency list in May was $30 million remaining on a loan with an original principal balance of $375 million on Kent Swig’s Sheffield57 at 322 West 57th Street in Midtown, and $53 million secured by the Soho office building 625 Broadway owned by the Moskowitz family, the data shows. [more]

After the mortgage payment on the $53 million loan on the 12-story
office building 625 Broadway in Soho was late, the securitized note was
transferred to a special servicer, according to data from commercial
mortgage research firm Trepp. The loan on the 84,000-square-foot office building was transferred to
a special servicer March 18,
Trepp information says. The building is owned by members of the Moskowitz family, who are
principals of the Flatiron District-based property management company
Argo Corporation, and held in the name 625 Broadway Owners, according
to city records and published reports. [more]