Thor Equities Puts Up $124M In 2 Manhattan RE Deals

Law360, New York (July 22, 2013, 3:28 PM EDT) -- 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 leasehold at 545 Madison Ave., two sources close to the deals told Law360 on Monday.

Sitt, who owns many iconic properties throughout the city, including on Madison Avenue, will take control of the leasehold at 545 Madison, a 17-story office building, from a joint venture including BlackRock Inc., Lehman Brothers...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.