(Save the date: RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)
NEW YORK CITY-DelShah Capital LLC has taken title at 55 Gansevoort St. in the Meatpacking District from GHC NY Corp. after working through a complex legal situation, GlobeSt.com has confirmed with company principal and CEO, Michael Shah. The acquisition followed proceedings with tenant Robert Romanoff, who, jointly with Essex Capital, submitted a bid of $33 million for the property in court papers.
In a statement to GlobeSt.com, William F. Savino of Damon Morey, attorney for DelShah Capital, says various legal entities have tried to block the title transfer of the property to DelShah, but the company is “pleased” that the Supreme Court of the State of New York and New York County has “once again denied frivolous attempts to stop a settlement with the previous owner,” he adds.
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
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.
