The Traderszone Network

Published in TZ Latest News 5 June, 2017 by The TZ Newswire Staff

Eli Cohen buys distressed debt on El-Gamal and MHP Real Estate’s Dream Hotel site

Eli Cohen, who sold off a Times Square-area office building for $53 million in 2015, has returned to the neighborhood to snap up the distressed note on Sharif El-Gamal and MHP Real Estate Services’ Dream Hotel development site, property records filed with the city show. Cohen’s purchase of the $63 million note from Colony Capital puts a large question mark on the future of the property at 560 Seventh Avenue, which has been in default […]

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