Friday 21 August 2020

FiDi development site, freed of legal shackles, quietly hits market

Legal entanglements that tied up a Financial District development site for years have been stripped away and its new owner wants to make up for lost time. Richard Ohebshalom’s Pink Stone Capital has scored a total of $87 million in financing for two Washington Street properties, in part to settle a long-running dispute with his father Fred over the 11,255-square-foot site at 111 Washington Street. Pink Stone closed on an $80 million loan from Carmel



source https://therealdeal.com/2020/08/21/fidi-development-site-freed-of-legal-shackles-quietly-hits-market/

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