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Gramercy may lose 195 properties to lenders

A portfolio of 195 properties is falling out of Gramercy Capital’s grasp after the real estate investment trust failed to pay off $790 million in loans, the company announced today. According to Bloomberg News,...

Lipstick Building nearing foreclosure?

Lipstick Building nearing foreclosure?

Third Avenue’s iconic Lipstick Building, scene of Bernie Madoff’s $65 billion Ponzi scheme, is nearing foreclosure, according to the Post’s Lois Weiss. Sources said the Royal Bank of Canada has hired Doug Harmon and...

SL Green takes sole ownership of 100 Church

SL Green takes sole ownership of 100 Church

SL Green Realty has taken sole ownership of 100 Church Street, the 1.05 million-square-foot office tower in the Financial District that is currently 58 percent vacant, according to SL Green. The Sapir Organization defaulted...

SL Green, Gramercy Capital win 100 Church

SL Green, Gramercy Capital win 100 Church

From left: SL Green’s Andrew Mathais, Roger Cozzi of Gramercy Capital, Alex Sapir of the Sapir Organization and 100 Church Street Five months after taking back 100 Church Street from the Sapir Organization, SL...

Sapir’s 100 Church Street hit with $3M in liens

Sapir’s 100 Church Street hit with $3M in liens

The Sapir Organization’s office rehabilitation project at 100 Church Street has financial challenges that extend beyond the scuttled lease...

Sapir Organization sues lenders over 100 Church Street

Sapir Organization sues lenders over 100 Church Street

Alex Sapir and 100 Church Street The Sapir Organization has filed a lawsuit against SL Green Realty and Gramercy...

NYC real estate in brief

NYC real estate in brief

Platinum Equity signs lease for new offices on Vanderbilt Avenue Platinum Equity, a Beverly Hills-based private equity firm, has relocated its New York offices from 250 Park Avenue to the 8,000-square-foot penthouse of 52...

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