NEW YORK CITY—The notoriously quiet developer reportedly hasagreed to pick up the property from Fisher Bros. and StevenWitkoff.
NEW YORK CITY—Developer and condominium marketer Michael Shvo isin contract to buy 22 Thames St.—also known as 125 GreenwichSt.—for about $180 million, according to the New YorkPost.
Shvo reportedly is set to grab the asset from Fisher Bros. andSteven Witkoff, who paid approximately $87.5 million in September2012. The transaction is being handled by Andrew Scandalios, seniormanaging director, HFF. A spokeswoman for the firm did return callsfrom GlobeSt.com requesting confirmation of this news. Watch thisspace for a possible update.
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.
Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
