2 Herald Square’s leasehold to hit auction block in February

The troubled Midtown office building 22 Herald Square is heading to the foreclosure auction block in February, sources told The Real Deal. A New York State Supreme Court judge granted summary judgment Monday in favor of lender SL Green over the leasehold’s $250 million first mortgage. The judgment thus orders a sale of the leasehold, which had been repeatedly delayed for much of this year. The leasehold’s owners, Sitt Asset Management and more than 80 limited partners, […] Read More >> https://therealdeal.com/2017/11/21/2-herald-squares-leasehold-to-hit-auction-block-in-february/

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