They could have John Wick stay there...
Or just rent it to The Boys.
A VC bought the Flatiron Building and didn’t pay for it
11–20 of 56 posts
Re: A VC bought the Flatiron Building and didn’t pay for it
#12They could have John Wick stay there...
The Continental, the fictional hotel where John Wick stays, is Delmonico's downtown. https://en.wikipedia.org/wiki/56_Beaver_Street Edit - it's actually another building used for exterior shots, although Delmonico's was used for some interior shots.
It's the very similar-looking Beaver Building/Cocoa exchange: https://en.m.wikipedia.org/wiki/1_Wall_Street_Court
Re: A VC bought the Flatiron Building and didn’t pay for it
#13A landmark skyscraper held as a tenancy-in-common, a forced partition sale, a rouge bidder, ... some lawyers are having a field day with this.
I was curious about the tenancy-in-common issue. This article [1] provides a nice overview.
1: https://therealdeal.com/new-york/2023/03/28/the-trouble-with...
Re: A VC bought the Flatiron Building and didn’t pay for it
#14Just visited Flatiron building a few days ago. There’s scaffolding covering the front and sides, are those renovations being done by the existing owner?
Re: A VC bought the Flatiron Building and didn’t pay for it
#15A landmark skyscraper held as a tenancy-in-common, a forced partition sale, a rouge bidder, ... some lawyers are having a field day with this.
it's always the rouge bidders that do it dirty!
always favor the cerulean bidders!!
Re: A VC bought the Flatiron Building and didn’t pay for it
#16Just visited Flatiron building a few days ago. There’s scaffolding covering the front and sides, are those renovations being done by the existing owner?
It was supposed to be renovated and converted to a hotel, but there was some sort of squabble between the co-owners and it was left half gutted. It was auctioned off then as a dispute resolution.
Re: A VC bought the Flatiron Building and didn’t pay for it
#17The absurdity of this is off the charts. Someone can just raise one of those ping-pong paddle things, name a price, and win? Don't you at least have to put down a deposit of some kind to participate?
Re: A VC bought the Flatiron Building and didn’t pay for it
#18The absurdity of this is off the charts. Someone can just raise one of those ping-pong paddle things, name a price, and win? Don't you at least have to put down a deposit of some kind to participate?
"motivated sellers"
Re: A VC bought the Flatiron Building and didn’t pay for it
#19Sounds like what VCs do most of the time. I've seen countless term sheets signed and never paid.