Charles Cohen is running out of time to satisfy his debt to Fortress Credit, giving opportunistic buyers a chance to purchase his assets. This week, Tony Malkin’s Empire State Realty Trust purchased the ground beneath two Midtown assets from Cohen for a combined $110 million, Bisnow reported. The real estate investment trust leased the buildings at both sites and will rip up deals that had at least 30 years left on each. The properties at 111 West 33rd Street and 1400 Broadway were transferred to an affiliate of Cohen Brothers Realty Corp. two decades ago. The latter of the two […]

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