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Real Estate Rumors: Kash, Felice Mehaber, Bldg Management

By Andrew McIntyre (June 9, 2017, 4:43 PM EDT) -- A joint venture of Kash Group and Shel Capital is under contract to buy a hotel on Madison Avenue in Manhattan for $41 million, The Real Deal reported on Friday. The companies are buying the 17-story Morgans Hotel, which is located at 237 Madison Ave. and has 117 keys, and the venture plans to convert the property into micro-unit condos that will have between 300 and 325 square feet per unit, Real Deal said....

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