Joseph Sitt, once one of Manhattan’s most aggressive retail property investors, is feeling the pinch during the retail slump
His company’s $37 million mortgage on 115 Mercer Street in SoHo late last month was taken over by a special servicer, a company that deals with issues like defaults or renegotiations of loan terms, Fitch Ratings said in a recent note.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amid the rise of celebrity politicians, Joseph Kennedy III pushes substance over styleAmid the rise of celebrity politicians, Joseph Kennedy III (RepJoeKennedy) pushes substance over style via jonward11
Read more »
Opinion | Another Panel? Change the ChannelOpinion: On 'Meet the Pest,' political pundits think they're experts on everything, writes Joseph Epstein
Read more »
Fugitive Tycoon Fights Hong Kong’s Planned Extradition ChangesHong Kong billionaire Joseph Lau has launched a legal challenge against proposed changes to the city’s extradition law that would allow suspects to be handed over to other Chinese jurisdictions.
Read more »
Student wounded in 'premeditated' Arkansas middle school shootingAn 8th-grade Arkansas student shot another student in a hallway in what school officials are describing as a 'premeditated attack targeting the injured student.' The suspect was taken into custody.
Read more »
Alexandria Ocasio-Cortez warns Donald Trump: 'The last guy who underestimated me lost'In an unexpected upset, the freshman New York congresswoman and former bartender unseated incumbent Democratic Congressman Joseph Crowley in her 2018 primary election.
Read more »
4 Penn State fraternity brothers sentenced for pledge's hazing deathFour former Pennsylvania State University fraternity brothers have been sentenced in connection with the death of a pledge during a booze-soaked hazing ritual two years ago. Luke Visser, Joseph Sala, Joshua Kurczewski and Michael Bonattuci, former members of the Penn State chapter of the Beta Theta
Read more »
Brokers Fear Proposed Real-Estate Tax Could Deepen Sales Slump in Manhattan ApartmentsWhile the New York real-estate industry fretted about the potential impact of new state taxes on expensive real estate, the Manhattan residential market deteriorated further in the first quarter as sales slumped to the slowest pace in six years.
Read more »
Manhattan real estate sales fall for sixth straight quarter—longest losing streak in 30 yearsThe drop stems from an over-supply of high-end and highly priced apartments, a lack of foreign buyers and the new federal tax law that has hit real estate in high-tax states.
Read more »
Manhattan tolls, plastic bag ban approved in New York budget
Read more »