Manhattan's Trump Soho facing foreclosure

[NEW YORK] Lower Manhattan's Trump Soho hotel-condominium tower, which has struggled to find buyers since sales started in 2007, is facing foreclosure.

CIM Group, a Los Angeles-based investment firm that holds a loan on the property, is planning to take control of the building and has hired brokerage Eastdil Secured LLC to handle the auction of the remaining condos, according to a person with knowledge of the matter, who asked not to be named because the details aren't public.

Developed by the Sapir...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to