Cornell Realty Management bankrupt

Top Ten Associated Companies:

Madison Realty Capital (1), Ohana Real Estate Investors (1)

Top Ten Associated People:

Brian Shatz (1), James Cole (1)

Recent activity as company:

• Cornell Realty Management bankrupt sold 60 Duffield Street, 85 Flatbush Avenue Exte, and 85 Flatbush Avenue Exte, Downtown Brooklyn, Brooklyn for $94 million to Ohana Real Estate Investors on December 14, 2022.

• Cornell Realty Management bankrupt sold 159 Broadway and N/A Broadway, Williamsburg, Brooklyn for $32 million to Madison Realty Capital on November 23, 2022.

Latest Stories:

• Ohana Real Estate Investors signs $59M refi for hotel, residential in Downtown Brooklyn (January 26, 2024)

• Ohana acquires hotel, rental from Cornell Realty in Downtown Brooklyn bankruptcy with $94M credit bid (December 15, 2022)

• Madison Realty to acquire Isaac Hager’s bankrupt W’burg hotel dev site, had $27.5M in 2019 debt (November 14, 2022)

• Cornell Realty borrows $28M from Madison Realty, Bluestone for mixed-use development in Williamsburg (November 18, 2019)

• Cornell Realty Management and Rubin Equities Inc. pay $90M to Chetrit Group, Robert Wolf’s Read Property Group in Downtown Brooklyn (October 07, 2019)

• Cornell Realty Management and Rubin Equities Inc. borrow $76M from Madison Realty Capital and Bluestone Group for property in Dumbo (October 07, 2019)