New York
Sep 8, 2023
Lender accuses Thor of abandoning historic Scribner Building
Suit claims Joe Sitt’s firm refused to put money into the property
Joseph Sitt
New York
Oct 20, 2022
Thor unloads troubled 470 Broadway to Sternlicht’s LNR
Joe Sitt’s firm sells the retail property for $25M in lieu of foreclosure
New York
Jun 28, 2022
Joe Sitt, Bert Dweck settle Madison Ave dispute with fashion house
Yves Salomon had accused Thor of keeping $360K deposit, ignoring judgment
New York
Jun 23, 2022
Fashion house: After 2 years and 2 lawsuits, Sitt and Dweck still haven’t paid
Yves Salomon claims Thor kept $360K security deposit, ignored court judgment
New York
Apr 14, 2022
Joe Sitt loses West Side retail space to foreclosure
Paramount Group takes retail condo valued at 30% below previous sale price
New York
Nov 3, 2020
Thor delinquent on $105M loan at 597 Fifth
Joe Sitt's firm missed August and September payments at former home of Scribner's bookstore
South Florida
Aug 28, 2020
Thor Equities sues to evict Stefano Ricci from Miami Design District
NY-based landlord alleges retailer owes $133,000 in rent
New York
Mar 10, 2020
Michael Shvo closes on Soho retail building for $382M
Deal for 530 Broadway initially went under contract for $400M
New York
Dec 19, 2019
Thor faces foreclosure on site where lender says it’s seeking “unrealistic rents”
Landlord defaults on second retail loan in Soho this year
New York
Oct 21, 2019
Thor facing foreclosure at Theater District building
Joe Sitt’s firm had planned to open Sammy Hagar-founded restaurant at location
New York
Oct 1, 2019
Thor sells Bensonhurst big-box store for $75M
Algin Management picked up 136K sf property
New York
May 29, 2019
Thor in danger of losing Madison Ave property
Special servicer files for foreclosure after Joe Sitt’s firm defaults on $17M loan
New York
May 24, 2019
Thor Equities in hot water at 545 Madison
Joe Sitt's firm has had difficulty covering its debt due to an increase in ground rent
New York
May 20, 2019
Here’s what the $10M-$30M NYC investment sales market looked like last week
Nahla Capital snaps up a Madison Avenue retail property for $23M
New York
May 15, 2019
Joe Sitt’s Thor wants $370M for Madison Ave retail condo
Full-block property was one of the priciest ever when Joe Sitt bought it for $277M in 2013
New York
May 14, 2019
Thor Equities looks to sell BJ’s big-box store in Gravesend
Firm asking in the mid-$70M range
New York
Oct 17, 2018
Sutton, Sitt score $305M refi for 530 Broadway
Morgan Stanley issued the floating-rate loan
New York
Sep 14, 2018
Amazon Go could be 200x bigger in a decade: Joe Sitt
Retailer’s cashierless store is coming to mystery location in NYC