Wednesday 27 May 2020

SL Green sues Chetrit over $35M deposit for scuttled Daily News deal

The botched sale of SL Green Realty’s Daily News building has become a courtroom battle. The real estate investment trust, one of New York City’s largest commercial landlords, is suing the Chetrit Group to keep the deposit the buyer put down for the $815 million deal that went sideways in late March, Crain’s reported. The battle for the $35 million deposit was telegraphed earlier this month when Jacob Chetrit asked the escrow agent to prevent



source https://therealdeal.com/2020/05/27/sl-green-sues-chetrit-over-35m-deposit-for-scuttled-daily-news-deal/

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