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Related Might Want Rector Square Back

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Following the foreclosure of Rector Square, Broadsheet Daily reports that the Related Companies is thinking about buying the building back from Anglo Irish Bank. Related sold 225 Rector Place to Yair Levy in the first place, and according to Broadsheet's secret source, this is part of their strategy: "That's how the smart money works in Manhattan properties...They sell when everybody thinks the good times will never end, and buy back in when it looks like the bad times will never end." And then make it look like that was the plan all along. [Broadsheet; previously]

225 Rector Place

225 Rector Place, New York, NY 10006