The Mark

This uber-high end conversion with only a handful of units may not be very relevant to the market that we SE plebes follow, but there does appear to be some entertainment potential here. "The Alexico Group has reached out to Goldman Sachs for financing to buy back its mortgage debt on its Upper East Side co-op conversion at the Mark Hotel in an effort to pull the struggling property back above... [more]

This uber-high end conversion with only a handful of units may not be very relevant to the market that we SE plebes follow, but there does appear to be some entertainment potential here. "The Alexico Group has reached out to Goldman Sachs for financing to buy back its mortgage debt on its Upper East Side co-op conversion at the Mark Hotel in an effort to pull the struggling property back above water, according to the Wall Street Journal..." http://therealdeal.com/newyork/articles/alexico-group-with-dune-real-estate-partners-looks-to-goldman-sachs-to-rescue-the-mark-hotel-and-buy-back-debt-from-anglo-irish-bank [less]