Goldman Sachs Urban Investment Group has acquired the Empire Outlets mall on Staten Island from BFC Partners in a foreclosure auction.

Goldman Sachs, who was the senior lender on a loan for the mall, acquired the property with a winning bid of $10M, according to a report in the Staten Island Advance.

Staten Island-based Grinberg Management also bid on the 340K SF outlet mall, dropping out after the bidding reached $9M, the report said.

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
NOT FOR REPRINT

© 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.