Isaac Hager seeks bankruptcy for Penn Plaza stake, but Churchill resists – Robert Khodadadian

Cornell Realty Management’s Isaac Hager is back in bankruptcy court — this time over his minority stake in a Midtown building that has been trying to keep out of foreclosure. An entity through which Hager owns a 15 percent stake in Churchill Real Estate’s Penn Plaza building at 257-263 West 34th Street filed for Chapter 11 bankruptcy in Brooklyn on Wednesday. PincusCo first reported the filing. FIA Capital Partners’ David Goldwasser, a bankruptcy specialist who

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, bankruptcy, Churchill Real Estate, Cornell Realty Management, isaac hager, Manhattan The Real Deal New York Read More