Real Estate Rumor Mill: Thor Equities, Trumark, Ghirardelli

By Natalie Rodriguez (January 21, 2015, 12:41 PM EST) -- A joint venture of Thor Equities LLC, Madison Equities and Building and Land Technology, has reportedly struck a $275 million construction financing deal that allows the companies to close on the purchase of a Fifth Avenue property in Manhattan and move forward on a gut renovation, the Real Deal reported, citing unnamed sources. The group is said to be planning to turn the office tower at 212 Fifth Avenue into a residential property with 48 apartments, according to the report....

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