search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aSL Green, Vornado kick in $100M to extend 280 Park loanSL Green, Vornado kick in $100M to extend 280 Park loanMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoff“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal
New York

Another delay? SUNY pushes back hospital sale

Joseph Chetrit may be disqualified from bidding on LICH

Long Island College Hospital at 339 Hicks Street
Long Island College Hospital at 339 Hicks Street

SUNY Downstate Medical Center has further delayed the months-long process to sell its struggling Long Island College Hospital complex in Brooklyn’s Cobble Hill neighborhood.

SUNY officials told prospective buyers Wednesday evening that a planned final presentation that buyers were to make to SUNY’s board of trustees today would be pushed back to a date yet to be determined.

Sign Up for the undefined Newsletter

Last week, SUNY requested best and final offers for the complex, which is valued at about $270 million, according to Crain’s. The five bidders in the reckoning include developer Don Peebles; a partnership between Brooklyn Hospital and the Related Companies; another partnership between Fortis Property Group and NYU Langone Medical Center; Brisa Builders and Joe Chetrit; and a group called the Chinese Community Accountable Care Organization, according to the magazine.

Chetrit and Brisa may be disqualified, however, after it was revealed Wednesday that they had falsely claimed that two hospitals were joining them in the bid, according to the magazine. [Crain’s]  – Hiten Samtani

Tags
Joseph ChetritLong Island College HospitalSuny Downstate Medical Center