Avi Philipson-led group blows deadline to complete William Vale deal – Robert Khodadadian

Just when you thought it was over, the long-running soap opera surrounding Williamsburg’s hip William Vale hotel has more drama to deliver. Two months ago, a group led by healthcare investor Avi Philipson struck a surprise 11th-hour agreement with bankrupt owner All Year Holdings’ Israeli bondholders to buy the hotel for $157 million, disrupting an apparently done deal to sell the property to its co-owner Zelig Weiss. By acquiring the five-star hotel, the young Philipson,

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, All Year, William Vale, Williamsburg The Real Deal New York Read More