1740 B'way has had a WILD 2 yrs since Blackstone said it was ready to walk away CMBS controlling class changed multiple times. Special servicer swapped 4 times. 2 different brokers hired Bought for $605M in '14 finally sold last week shy of $200M recapitalusa.com/special-servic…

Pay your lenders or pay your former partner? Aby Rosen and Michael Fuchs owe $20M to RFR's ex-prez as their bills pile up therealdeal.com/new-york/2024/…

Bloomberg's big 900K sf lease extension at Vornado's 731 Lex came with a 25% rent reduction that "reflects the tenant's bargaining position," per Piper Sandler therealdeal.com/new-york/2024/…

Remember that Cushman invested $150M into WeWork 3 yrs ago that got wiped out.. I wonder if they see a way here to get something out of it

Cyrus and Darius Sakhai are emerging as one of the big opportunists snapping up discounted offices. Their Sovereign Partners is in contract to buy Nuveen's 780 3rd Ave for $178M.. it's their 3rd deal totaling more than $400M in 15 months therealdeal.com/new-york/2024/…

Related is in talks to take over the Pacific Park money pit scoop w Kathryn Brenzel therealdeal.com/new-york/2024/…

StuyTown, 3 Bryant Park, 1211 Sixth Ave - nearly $5B worth of debt from Ivanhoe Cambridge's 2010s real estate binge comes due over a 12 month period starting next year therealdeal.com/new-york/2024/…

The Sol Goldman family feud is incredible for the way it shows how a dynasty like this is run. His heirs are fighting to control an LLC set up 20 yrs ago that's key to the empire: “No one remembers how that was accomplished. It just happened.” therealdeal.com/new-york/2024/…

“[Jane] felt that Steven...was too young to take on a major decision-making role. Jane felt that because she remained at the helm, there was no reason to integrate the next generation so quickly. Steven did not like that answer, and his relationship with Jane came under strain.”

New York real estate kingpin:

I think these photos are from their depositions. Here's Jane Goldman:

Steven

And his aunt Amy, Jane's sister

Meridian Capital prez Yoni Goodman is leaving. The company's been on a Fanny Mae/Freddie Mac blacklist over alleged broker fraud. Goodman played a key role in recruiting CEO Brian Brooks, who's charged with righting the ship therealdeal.com/new-york/2024/…

One way to look at this is that someone bought a Midtown office bldg for the bargain bin price of $10 psf. Another way is someone sunk $9M into a property that is losing money to its ground lease. Gonna be wild when we find out who the buyer is therealdeal.com/new-york/2024/…

Sol Goldman family feud heats up: Steven Gurney Goldman accuses his aunt Jane of violating last month's Delaware trial decision therealdeal.com/new-york/2024/…

WHO AM I???

This is the most epic story I've told for The Real Deal. 5k words take you deep inside the family feud over the Sol Goldman real estate empire therealdeal.com/magazine/septe…

art inspo:

A bit of intrigue from Larry Silverstein's book: Steve Roth asked him for advice dealing w PANYNJ when Vornado was negotiating to buy the WTC. When VNO backed out, Larry asked Roth for some help - but says his generosity wasn't returned