Distress


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AKA United Nations at 234 East 46th Street (Google Maps, iStock)

Bank forecloses on Prodigy’s AKA United Nations hotel building

UPDATED, Feb. 10 2021, 7:30 p.m.: Canadian Imperial Bank of Commerce has moved to foreclose on a Manhattan hotel...

Bank forecloses on Prodigy’s AKA United Nations hotel building
Ziel Feldman with Fifty Third and Eighth. (The Xi, 53rd and 8th)

HFZ loses control of 4 Manhattan condo projects

HFZ Capital Group has lost control of four Manhattan condo conversion projects as the developer fights for survival amid...

HFZ loses control of 4 Manhattan condo projects
Cindat Capital Management CEO Greg Peng and Hersha Hospitality Trust CEO Jay Shah with 51 Nassau Street (Google Maps)

7 Manhattan hotels head to auction block

Seven Manhattan hotels are hitting the auction block. The portfolio, owned by a joint venture between Hersha Hospitality Trust and Chinese investment firm Cindat Capital Management, is scheduled to be auctioned on Jan. 21...

7 Manhattan hotels head to auction block
TRD Trips with Simon Ziff
National

Simon Ziff on distress investing: “Do a lot of homework”

In the first installation of TRD Tips, Simon Ziff sat (virtually) with The Real Deal‘s editor-in-chief Stuart Elliott to give...

Simon Ziff on distress investing: “Do a lot of homework”
84 William Street with Vanbarton Group's Gary Tischler and Richard Coles (Google Maps)

Vanbarton takes control of Prodigy Network’s William Street hotel

Vanbarton Group has taken control of a Manhattan hotel building backed by investors in the near-defunct crowdfunding platform Prodigy...

Vanbarton takes control of Prodigy Network’s William Street hotel
Alex Rodriguez and Adi Chugh (Getty)
National

Alex Rodriguez and Adi Chugh join $650M hotel fund

Retired baseball superstar Alex Rodriguez found his latest real estate investment. Rodriguez’s A-Rod Corp and joint venture partner Adi...

Alex Rodriguez and Adi Chugh join $650M hotel fund

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