Real Estate Rumor Mill: Thor, KTR Capital, Mercedes-Benz
Law360, New York (January 5, 2015, 2:09 PM EST) -- The residential arm of Joseph Sitt's Thor Equities is said to have closed a nearly $800 million deal to pick up an 800,000-square-foot portfolio of apartment buildings in New York from the Caiola family, the Real Deal reported, citing unnamed sources. The deal reportedly covers 25 elevator buildings spread across Manhattan, including a 200-unit property in Chelsea, according to the Real Deal.
Meanwhile, a unit of KTR Capital Partners has reportedly snagged a $122 million loan from Morgan Stanley Bank, General Electric Capital Bank and General Electric Capital Corp. for several Dania Beach, Florida, and Hollywood, Florida properties, the Real Deal...
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