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Hudson Yards Building Changes Hands | Real Estate News
A twelve-story Hudson Yards building just hit the market at a foreclosure auction, fetching between $68 and $71.3 million to Capital Insight — the same firm that previously held its debt. Originally bought for $36.3 million in 2006, the property was once slated for a hotel-condo project called Galerie515 that fizzled out. A steakhouse lease signed by the prior owner, Solly Assa, remains uncertain under new ownership, which is now eyeing the building’s retail and parking spaces as cash-generating assets. Capital Insight’s recent $54 million hotel purchase in Torrance signals their aggressive…
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