Thor Equities has relinquished its ownership of 1231 Third Avenue, giving control of the building to SL Green Realty. The real estate investment trust had held a mezzanine loan against the building, although it was unclear how large this loan was and how long Thor had been in default on it, sources told Crain’s. SL Green also holds debt against Thor’s retail buildings at 597 and 590 Fifth Avenue. Thor had purchased the building at […]
source https://therealdeal.com/2018/07/20/thor-gives-up-ownership-of-upper-east-side-building/
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