During the credit crisis, having a building sale in contract isn’t always a sealed deal. Now, sellers may have multiple contracts out with different buyers for one building, in case the lender or buyer decides to pull out. The Forbes Building, American Stock Exchange Building and four remaining Equity Office Portfolio towers have all been on the market since early this year.
|Steve Kassin, Xerxes take over 587 Fifth Avenue leasehold|
|Mansfield Hotel facing foreclosure|
|Dubai-based brokerage Greenstone sues Mack Real Estate over fees from $100M Saudi Aramco investment|
|Isaac Kassirer sells six-building Bronx portfolio to Pistilli Realty for $39M|
|Acadia, Washington Sq. Partners put City Point building on the market|