NEW YORK CITY-A venture including Angelo Gordon & Co. and Belvedere Capital Real Estate Partners is buying the Printing House at 421 Hudson St. from Mountbatten Equities for about $70 million. Taconic Investment Partners, a final contestant in the bidding, has filed a suit against the seller in New York state court.
The complaint states that the seller used Taconic to raise the sale price. The new owners are planning to renovate the rental units and market them as condos. For the full story, go to Wall Street Journal .
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