
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
Joe Sitt’s firm sells the retail property for $25M in lieu of foreclosure
Blackstone, Starwood try to calm backlash as investors pull cash
Assumes $50M mezzanine loan and $88M third-party first mortgage for the Houston property