On the Ave Hotel at 2170-2178 Broadway at 77th Street for $191 million
The estate of Lehman Brothers Holdings has taken control of the 169,664-square-foot On the Ave Hotel at 2170-2178 Broadway at 77th Street for $191 million, a spokesperson for the estate confirmed. "The strategy of the estate has been to maximize the value of its properties -- not to fire sale them," she said.
Source: http://twitter.com/#!/LoisWeiss/status/81091909468160000
http://www.rew-online.com/2011/06/16/estate-of-lehman-brothers-takes-control-of-on-the-ave-hotel-for-191-million/
and
http://therealdeal.com/newyork/articles/lehman-brothers-estate-takes-control-of-uws-hotel