Thor Equities in hot water at 545 Madison
On May 28, Thor Palmer House Hotel LLC filed a complaint in Cook County Circuit Court against 30 east adams building llc, alleging the company has to date failed to pay for more than $250,000 worth of steam generated at the Palmer House for use at the 30 E. Adams Street building, commonly known as the Hartman Building.
545 Madison Avenue and Thor Equities’ Joe Sitt When it rains, it pours for Joseph Sitt’s Thor Equities. A $30 million CMBS loan from Barclay’s backed by Thor’s 545 Madison Avenue was sent to special servicing due to "severe cash flow issues," Commercial Observer reported, citing data from Trepp.
New York real estate mogul Joseph Sitt of Thor Equities has agreed to pay $64 million for the retail portion of the Milford Hotel in Manhattan and, in a separate deal, spend $60 million on the.
Affordable Housing Is Doable For Builders And Buyers, But Here’s The Problem A new report finds that the ‘affordable housing’ crisis in the Twin Cities is a creation of state and local government here. Regulations, passed by lawmakers here, have driven costs up. Is it really sensible to try to solve a problem caused by political regulation with another round of political regulation?
· In the last four or five months, the avison young team started also managing a few assets for Thor: 545 Madison Avenue, a townhouse at 60 East 66th Street and 590 Fifth Avenue. The office portfolio is “80 percent occupied going to 90 percent in the next couple of months,” Mirante said, adding that Thor is making additional rent on non-occupying tenants.
Thor Equities in hot water at 545 madison545 madison avenue and Thor Equities’ Joe Sitt When it rains, it pours for Joseph Sitt’s Thor Equities. A $30 million CMBS loan from Barclay’s backed by Thor’s 545 Madison Avenue was sent to special servicing due to "severe cash flow issues," Commercial Observer reported, citing data from Trepp.
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