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, […]