Snake Eyes! Brooklyn Community Board Votes Down Coney Island Casino Land Use ApplicationConey Island's casino project faces significant roadblocks after community board declines land-use application.
Thor snags sweet deal for former Tootsie Roll factoryJoseph Sitt's Thor Equities acquired a former factory in Brooklyn for $58.5 million, marking a strategic investment in a high-growth market.
Thor lands another loan in default as portfolio bucklesThor Equities faces default on a loan for mixed-use buildings in East Harlem due to declining retail performance.The financial status of Thor's properties reflects broader challenges in the retail sector, impacting revenue generation.Negotiations may occur due to the transfer to special servicing, but Thor's history raises concerns about potential outcomes.
Thor snags sweet deal for former Tootsie Roll factoryJoseph Sitt's Thor Equities acquired a former factory in Brooklyn for $58.5 million, marking a strategic investment in a high-growth market.
Thor lands another loan in default as portfolio bucklesThor Equities faces default on a loan for mixed-use buildings in East Harlem due to declining retail performance.The financial status of Thor's properties reflects broader challenges in the retail sector, impacting revenue generation.Negotiations may occur due to the transfer to special servicing, but Thor's history raises concerns about potential outcomes.
Thor Equities releases "The Coney" casino planThor Equities released final renderings of 'The Coney,' a $3 billion project for a new casino license emphasizing multi-use facilities beyond gambling.