NEW YORK CITY-Greenwich Thames Realty surpassed Sam Zell'sEquity Residential in winning a bid for a vacant land site locatedat 133-135 Greenwich St. in downtown Manhattan during a bankruptcyland auction.
Greenwich Thames paid $19.6 million for the site. The offerprice was less than half of what Ofek International Real Estatepaid for the land in 2007. Andrew Eckstein represented the lenderU.S. Bancorp in the auction. Equity Residential also bid for theGreenwich site. For the full story, go to Wall Street Journal.
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
