Thor Equities in hot water at 545 Madison

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DEVELOPED BY MADISON EQUITIES Co-Sponsors Madison Equities and thor equities exclusive sales AND MARKETING: SOTHEBY’S INTERNATIONAL REALTY, INC. INFO@212FIFTHAVENUE.COM 212 935 1212 PRESS INQUIRIES: katherine@relevanceinternational.com 212 920 7057 LEGAL DISCLAIMER

Thor Equities is a real estate development, leasing and management firm, with headquarters in New York City, London and Mexico City. Thor Equities owns property in the United States, Canada, Europe, Russia, India and Latin America, including London’s historic Burlington Arcade and the Palmer House Hilton. In New York City, Thor owns retail, office and residential properties on Fifth Avenue and Madison Avenue as well as in SoHo, Flatiron, the Meatpacking District, and Brooklyn including Coney Isl

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New York real estate mogul Joseph Sitt of Thor Equities has agreed to pay $64 million for the retail portion of the Milford Hotel in Manhattan and, in a separate deal, spend $60 million on the.

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Staggering Consumer Debt Nearing Recession Levels  · The rise in debt loads overseas, especially in emerging markets, is even greater, according to McKinsey’s data – as is a shift toward more debt being owed by riskier borrowers.

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The 660,000-square-foot parcel is owned by Joseph Sitt’s Thor Equities, which recently said it may bring an outlet mall to the site. Thor purchased the land in 2008 for $24 million. However, Nets.

Sitt splashes $120M on 71 units at Apthorp condo building. Thor Equities head paying $810 psf for sponsor units at historic uws property.. thor Equities in hot water at 545 Madison.

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Thor Equities in hot water at 545 Madison When it rains, it pours for Joseph Sitt’s Thor Equities. A $30 million CMBS loan from Barclay’s backed by Thor’s 545 Madison Avenue was sent to special servicing due to "severe cash flow issues," Commercial Observer reported, citing data from Trepp.