Month Archives: December 2025

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Veracity Fights Foreclosure as Nolita Hotel Auction Pushed

A landlord battered by the pandemic-era collapse in tourism is scrambling to hang on to a boutique Nolita hotel as a long-running foreclosure inches forward.Veracity Equities, the lower Manhattan-focused firm run by Edmond Li, is facing a $35.3 million judgment...

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Gary Barnett Bags $1B+ Loan for 655 Madison

Gary Barnett supersized his project at 655 Madison Avenue, but needed a financing package to match. Adi Chugh’s Tyko Capital delivered.Extell Development landed $1.13 billion in construction financing for its 74-story project in Midtown Manhattan, the Commercial Observer reported. The...

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