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Testimonials

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Sandro Rosell
FC Barcelona President
Tuesday, June 27, 2017

Real Estate

Kash Group, led by Shlomo Bakhash, in partnership with Shel Capital, is in contract to purchase the Morgans Hotel, with plans to convert it into a micro-unit condominium. As per The Real Deal, the firms are set to close next month on the hotel at 237 Madison Avenue, located between East 37th and 38th streets, in Murray Hill, NY.  They will reportedly pay $41 million for the 17-story, 117-key, four-star hotel owned by Texas-based FelCor Lodging Trust. The price comes out to about $530 per square foot. Jeffrey Davis of JLL is brokering the deal.

Kash along with Shel, which is headed by Rony Kravel and Jonathan Bakhash, have confirmed that they plan to launch the conversion immediately following the closing. They aim to create roughly 90

Former Goldman partner Laurence Weiss has begun a movement to have Trump’s name removed from 200 East 69th Street, which is also known as Trump Palace. Since 2015, Weiss has been trying to sell a unit that he was in the building. This petition is just the most recent in several New York Buildings that are trying to have the president’s name taken out of its own name. 

Weiss wrote a letter to his neighbors, saying: “We, the owners, can change the name if 2/3 of us agree. I am asking you to

One of the top-producing brokers at Corcoran Group, Tamir Shemesh, has parted ways with the firm after an argument with senior management, according The Real Deal’s many sources. 

The exact details remain unclear regarding the circumstances of his departure from the brokerage. Some sources say that Corcoran asked Shemesh to leave, while he said it was a mutual decision by him and the firm to part ways. 

He told TRD, “There were a few things we were not in agreement on, so we decided to part

Landlord-developer Charles S. Cohen is bringing the fancy British fashion retailer, Harrys of London, to Manhattan. The modern men’s footwear and accessories label will open a store on the corner of Park Avenue and 57th Street. Keeping true to Cohen’s fashion-loving style, he purchased the brand first.

Cohen owns the retail space in the posh prewar apartment building called the Ritz Tower, located at 465 Park Avenue. This fall, he will open his Harrys of London store in the 1,100-square-feet

Saudi Prince Al-Waleed Bin Talal has partnered with Ashkenazy Acquisition Corp. in order to force a buyout of the Plaza Hotel according to the New York Post. The hotel is currently owned by the Indian conglomerate Sahara India Pariwar. The chairman of Sahara, Subrata Roy is currently facing charges in India that involve a large scale fraud. Investors have lost out of billions of dollars because of Roy’s shady dealings. The Sahara chairman was released in order to negotiate a sale of the assets