US EditionFred Ohebshalom’s Empire Management Avoids Foreclosure at NoMad Hotel
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Fred Ohebshalom’s Empire Management Avoids Foreclosure at NoMad Hotel
Fred Ohebshalom’s Empire Management has avoided an impending foreclosure at its NoMad hotel at 250 Fifth Avenue. The owner refinanced the property with an affiliate of KSL Capital Partners and Columbia Pacific taking over the $82 million distressed loan on the property from Madison Realty Capital, according to The Real Deal, which first reported the news. Madison Realty — which purchased the loan with Maguire Capital and Newbond Holdings last ye…
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