Alex Sapir’s Sapir Corp has filed for insolvency, saying it can no longer meet its bond payments or cover operating costs. The Israeli company that owns the Nomo Soho hotel in Manhattan filed a petition in Tel Aviv-Jaffa District Court requesting to open insolvency proceedings and the appointment of a trustee to manage it. All the directors of the company have resigned, according to a filing with the Tel Aviv Stock Exchange, which names Alex Sapir as the controlling shareholder. As the comp...| Latest New York Real Estate News
The saga to sell the Woolworth Mansion is finally coming to an end. The townhouse at 4 East 80th, last asking just under $50 million, finally found a buyer, according to a Streeteasy listing. The pending deal comes roughly 14 years after the owners, the family of the late gym mogul Lucille Roberts, first sought to offload the home. The 20,000-square-foot property’s latest stint on the market began last November, when the Roberts family listed it for $59 million. They dropped the asking ...| Latest New York Real Estate News