Thor Equities takes another retail bodyblow

Joseph Sitt’s real estate troubles have come to a head at 115 Mercer Street. Sitt’s Thor Equities has defaulted on loan payments for the Soho building, and a special servicer has taken over the firm’s $37 million mortgage on the building, according to the Wall Street Journal. The firm has also been negotiating with the Kooples, a fashion retailer, on a new lease for the property. Kooples said last year that it was expecting much […]

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