Joe Sitt risking foreclosure on Lower East Side
The lender behind 195 Bowery filed a lawsuit, alleging the Thor Equities chair defaulted on the mortgage for the commercial ...
Joe Sitt among activist investors pushing Macy’s for a real estate play
Thor Equities and Barington Capital want the company to unlock retailer’s real estate portfolio, valued at an estimated $9 ...
Crain's New York4d
Thor Equities faces foreclosure at another Manhattan commercial property
The foreclosure action comes after Thor Equities in July lost a pair of Manhattan retail buildings following several missed ...
Macy's activist investors want the retailer to make significant changes
Macy’s faces calls from a pair of activist investors to make a slew of changes at the department store chain. The activist ...
Yahoo Finance5d
Macy's activist investors want the retailer to make significant changes
and real estate," Barington’s James Mitarotonda and Thor’s Joseph Sitt said in a press release. Mitarotonda and Sitt said they "believe that operating improvements at Macy’s, coupled with ...
Retail TouchPoints5d
New Activist Investor Pushes Macy’s to ‘Look to Dillard’s’ for Better Path Forward
Activist investor Barington Capital Group is pushing for significant changes to Macy's real estate and financial strategy.
Yahoo Finance6d
Macy's Stock Rises as Activist Investors Call for Real Estate Unit
"Macy's owns valuable and well-located real estate assets—led by its flagship property at Herald Square in New York City—that we believe are worth between $5-$9 billion," Thor chairman Joseph ...