Thor Equities in hot water at 545 Madison
MOST READ: Town Residential founder Andrew Heiberger has been awarded a temporary restraining order against the company’s partner, Thor Equities’ Joseph Sitt, preventing Sitt from continuing to shut.
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545 Madison Avenue is the best retail corner available in the Plaza District. Brilliantly located on the southeast corner of 55th Street, the property boasts a stunning glass facade, exceptional ceiling heights, nearly 140 feet of wraparound retail frontage, and custom configurations ranging from approximately 750 square feet to 14,900 square feet across three levels.
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545 Madison Avenue’s $30M loan from Barclays has entered special servicing due to "severe cash flow issues." Last month another of Thor Equities’ landed in default over a $37M mortgage in struggling Soho. Another property on Fifth Ave. Thor exited a few years ago has also gone into default with over $230M in non-performing debt.
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Thor Equities in hot water at 545 Madison. Real Estate Industry News By ReallyList May 24, 2019. When it rains, it pours for Joseph Sitt’s Thor Equities. A $30 million CMBS loan from Barclay’s backed by Thor’s 545 Madison Avenue was sent to special servicing due to "severe cash flow.
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545 Madison Avenue and Thor Equities’ Joe Sitt When it rains, it pours for Joseph Sitt’s Thor Equities. A $30 million CMBS loan from Barclay’s backed by Thor’s 545 Madison Avenue was sent to special servicing due to "severe cash flow issues," Commercial Observer reported, citing data from Trepp.
Madison Equities and Thor Equities are proud to present the Pembrooke & Ives-designed 212 Fifth Avenue located in the heart of Madison Square Park, NYC. Madison Equities and Thor Equities are proud to present the Pembrooke & Ives-designed 212 Fifth Avenue located in the heart of Madison Square.
His other son, Hans, sold his stake in the business to Gad Rausing in 1995. Hans went on to invest in eco-friendly packaging and equities. 18. thomson family, Thomson Reuters: $30.9 billion The.