Drake Depression: The Observer reports: "In an apparent... - NBC New York

Drake Depression: The Observer reports: "In an apparent...

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    NEWSLETTERS

    The Observer reports: "In an apparent effort to raise cash, the struggling iStar Financial has put its $224 million Drake Hotel site mortgage on the block, according to a knowledgeable source." They continue: "The project looks increasingly unlikely to materialize." Well, it's a good thing that gorgeous old hotel got demolished to make it happen, then! [NYO; previously]

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