Troubled loan on Cassa Hotel residences in Times Square falls into delinquency
Borrowers across the country have started worrying about their ability to make mortgage payments while the coronavirus squeezes their...
Cassa Hotel and Residences
The Latest
Cassa Times Square owners withdraw plans for condo conversion
UPDATED: Tuesday, Mar. 27 @ 6:00 p.m.: The owners of the Cassa Times Square Hotel are backing out of...
Chetrit Group to convert rentals at Cassa Hotel and Residences into below-market condos
The Chetrit Group plans to convert the Cassa Hotel and Residences at 515 Ninth Avenue to condominiums, an offering...
Cassa Hotel and Residences now leasing in Hell’s Kitchen
UPDATED, 10:30 a.m., May 28: Cassa Hotel and Residences in Hell’s Kitchen is now leasing, with Douglas Elliman Development Marketing...
Cassa penthouse trio combined into one mega-unit
Assa Properties is switching strategies in the marketing of its Cassa Hotel and Residences once again, repackaging the three...
HNA Property lands Massey Knakal’s first big loan
Massey Knakal’s Capital Services division has lent HNA Property Holdings, a subsidiary of a Chinese airline, $80 million to...
Cassa scraps Corcoran for Elliman to market penthouses
The Corcoran Group power broker Carrie Chiang is out as the listing agent for the three penthouses at Midtown’s...
Cassa Hotel to be purchased, rebranded
PCCP has agreed to provide a $65 milion senior loan to finance a Chinese company’s acquisition and repositioning of the Cassa Hotel & Residences at...
Anglo sues Assa over $18.5M 8th Ave. default
Anglo Irish Bank filed a foreclosure suit against Assa Properties, alleging the Manhattan-based developer defaulted on an $18.5 million...
Cassa hotel portion in contract for $130M
Assa Properties has inked a “binding” contract to unload the hotel portion of its bankrupt Cassa Hotel and Residences for $130 million, the developer announced today. Assa said the proceeds will be used to...