Battle Over the Pierre Ends in Defeat for the Buyer Pushed by Lutnick
3 Articles
3 Articles
Howard Lutnick’s push to evict elderly widows from iconic hotel blows up: NYT
A plan championed by President Donald Trump's commerce secretary to clear longtime residents out of a famed Manhattan building has fallen apart.Commerce Secretary Howard Lutnick was a driving force behind a proposed $2 billion sale of the Pierre, a combination hotel and co-op on Fifth Avenue near Central Park, The New York Times reported Wednesday. The deal died Tuesday evening after the would-be buyer, Saudi investor Motasem Khashoggi, failed t…
Saudi Arabian investor Motasem Khashoggi missed the deadline to deposit $100 million for his plan to acquire the entire iconic Pierre building in New York, valued at $2 billion. (Note: The last sentence about Macy's and New York City is unrelated to the preceding text and appears to be a separate news item.)
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