New York
Jul 18, 2024
Namdar’s Midtown office property faces foreclosure
Igal Namdar and Empire Capital made a contrarian bet on Manhattan office
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Chicago
Jul 11, 2024
Namdar snags LaSalle Street office tower debt at massive discount
New York-based firm paid a little less than $20M for loan note secured by Bridge Investment Group’s One North LaSalle, a 73% discount from face value of debt balance
Chicago
Feb 2, 2026
After the discount: How a marked-down Chicago office building got tied up in a web of legal drama
A year of legal spats at 300 West Adams, which sold for $17 per square foot, shows high-stakes process of turning distressed property around