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Real Estate Rumor Mill: Thor, Ropes, TriStar

By Natalie Rodriguez (July 24, 2015, 12:40 PM EDT) -- Thor Equities reportedly backed out of a $780 million deal to purchase a 25-building New York apartment portfolio, which is said to have paved the way for Blackstone Group LP to ink its own nearly $700 million deal for the residential complexes owned by the Caiola family, according to a Real Deal report on Friday, which cited unnamed sources. Thor was said to have been under a "soft contract" since it had not received all the details about the properties and got its deposit back, according to the report....

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