Manhattan Mogul Drops $120M On Retail Property

Law360, New York (March 22, 2012, 5:36 PM EDT) -- An affiliate of New York real estate mogul Sheldon Solow has purchased an 80,000-square-foot office and retail building in Manhattan for $120 million from a unit of real estate management firm Trigon Equities Corp., an attorney for Trigon said Thursday.

The deal, in which Trigon 57 LLC sold 10-14 W. 57th St. — the former long-time home of the Henri Bendel department store — to 10 West 57th Street Realty LLC closed Tuesday, according to Marina Rabinovich of Schiff Hardin LLP.

Financing details for the transaction...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.