45 Park Place mired in involuntary bankruptcy, foreclosure proceedings
New York
Jul 21, 2021

45 Park Place mired in involuntary bankruptcy, foreclosure proceedings

Developer-lender feud sidelined as contractors try to force Chapter 7, putting condo tower's value under scrutiny
Sharif El-Gamal, Joseph Chetrit and 1384 Broadway (Getty; Google Maps)
New York
Sep 18, 2020

Chetrit Group sues Sharif El-Gamal for unpaid rent

Lawsuit alleges the developer missed payments since April at a synagogue in Midtown
Sharif El-Gamal and 45 Park Place (Courtesy of Williams NY/Soma; Gamal via Getty)
New York
Jun 11, 2020

El-Gamal claims lender violated sharia terms on Tribeca tower loan

Developer is tussling with Maybank for control of 45 Park Place
Scott Mollen and 45 Park Place (45 Park Place; Herrick)
New York
May 26, 2020

Cultural center linked to El-Gamal fights against 45 Park foreclosure

Owner of the proposed Islamic Museum of New York wants one of the city’s top attorneys removed as receiver
Sharif El-Gamal and 45 Park Place (Credit: Getty; 45 Park Place NY)
New York
May 21, 2020

Sharif El-Gamal threatening to deconstruct condo tower, lender claims

Developer accused of “bad faith scheme” to devalue 45 Park Place upon foreclosure
Behind a $10M construction showdown at Sharif El-Gamal’s 45 Park
New York
Apr 30, 2019

Behind a $10M construction showdown at Sharif El-Gamal’s 45 Park

The incident comes as El-Gamal searches for a condo inventory loan at the 50-unit project amid slow condo sales
Happy Hour: Sharif El-Gamal secures $270M in financing for Margaritaville site
New York
Feb 25, 2019

Happy Hour: Sharif El-Gamal secures $270M in financing for Margaritaville site

The deal clears the distressed note held by Eli Cohen, Soho Properties boss says
Sharif El-Gamal and MHP are now planning a Margaritaville hotel in Times Square
New York
Nov 27, 2017

Sharif El-Gamal and MHP are now planning a Margaritaville hotel in Times Square

Related close to providing $180M construction loan for troubled site: sources
Corcoran Sunshine takes over from Stribling at 45 Park Place
New York
Oct 9, 2017

Corcoran Sunshine takes over from Stribling at 45 Park Place

Vickey Barron will lead sales team
Eli Cohen buys distressed debt on El-Gamal and MHP Real Estate’s Dream Hotel site
New York
Jun 5, 2017

Eli Cohen buys distressed debt on El-Gamal and MHP Real Estate’s Dream Hotel site

Investor sold an office property nearby two years ago for $53M
El-Gamal claims Hidrock used insider info to “usurp” Dream Hotel site
New York
May 1, 2017

El-Gamal claims Hidrock used insider info to “usurp” Dream Hotel site

Soho Properties asking court to block sale of defaulted note
Lam to develop Chelsea site after El-Gamal’s $60M deal falls through
New York
Apr 6, 2017

Lam to develop Chelsea site after El-Gamal’s $60M deal falls through

Soho Properties was in contract for nearly two years amid delay in environmental cleanup
First look: Sharif El-Gamal’s 45 Park Place
New York
Feb 8, 2017

First look: Sharif El-Gamal’s 45 Park Place

New images reveal condo building's units, lobby and pool
Clockwise: Sharif El-Gamal, rendering of 45 Park Place in Tribeca, Dato’ Amirul Feisal Wan Zahir of Maybank, Carlo Messina of Intesa Sanpaolo and Shaheen Al Ghanim of Warba Bank
New York
May 26, 2016

By the Book: Behind El-Gamal’s deal for sharia-compliant financing at 45 Park Place

Soho Properties chief believes other developers will follow suit in tight lending market
El-Gamal scores $219M in financing for 45 Park Place
New York
May 18, 2016

El-Gamal scores $219M in financing for 45 Park Place

Soho Properties gets construction loans from Malaysian, Kuwaiti, Italian and Saudi lenders
El-Gamal thinks his Tribeca condo tower will be the “Park Avenue” of Downtown: VIDEO
New York
Apr 12, 2016

El-Gamal thinks his Tribeca condo tower will be the “Park Avenue” of Downtown: VIDEO

Soho Properties CEO talks 45 Park Place, Canadian investment in NYC
Highlights from The Real Deal‘s Toronto panel on US real estate investment: VIDEO
New York
Apr 8, 2016

Highlights from The Real Deal‘s Toronto panel on US real estate investment: VIDEO

Top industry players from JDS, Soho and Hodges Ward Elliott discuss investment in the U.S.