Puttin’ off the Ritz: Bistricer’s Clipper Equity backs out of $400M deal

David Bistricer’s Clipper Equity recently backed out of a “soft contract” to acquire the 43-story Midtown West rental tower the Ritz Plaza for about $400 million, sources told The Real Deal. Bistricer’s firm opted not to proceed with the purchase of the 479-unit, 475,200-square-foot property at 235 West 48th Street from Ofer Yardeni’s Stonehenge Partners, […]

Bistricer snags UWS rental building for $173M

David Bistricer’s Clipper Equity picked up the Brewster – a 155-unit multifamily building on the Upper West Side – for $172.5 million, nearly twice the price the seller paid four years ago. Clipper paid $172.5 million, or $1,214 per square foot, to buy the property at 21 West 86th Street from Barings Real Estate Advisers, formerly […]