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Each time this goes up for sale I cross my fingers and hope it stays with a responsible owner. The current partnership put a lot of work into it. Are they just flipping it, or seeing the writing on the wall with Covid [[even though occupancy has gone way up since previous owner)?
https://www.freep.com/story/money/bu...le/5575557001/
The NYC based majority owners are having potential foreclosure issues on one of their NYC properties, and need money fast. From what I understand the PLATFORM folks [headed by Detroiter Peter Cummings, son-in-law of late Max Fisher] own about 1/3 of the property.
It will be interesting to see what the building sells for.