Buyer nabs Oceanwide’s distressed supertall site for just $169M – Robert Khodadadian

Months after Oceanwide Holdings lost control of its Financial District project, the note secured by the development site has been sold. An anonymous buyer purchased the note for $169 million, PincusCo reported. The buyer may have been formed with this purchase in mind, as the Delaware-based company was registered in late May, days after the development site fell into receivership. The sale closed in mid-July. The properties covered by the note, which include the industrial

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. Development, Home Page, china, Commercial Real Estate, Financial District, Oceanwide The Real Deal New York Read More