Bust-watchers are familiar with the saga of Dawnay Day, the British equity firm that picked up a portfolio of NYC buildings with plans to "ease out" stabilized tenants and jack up rents. Now there's a happy-ish ending for two Dawnay Day buildings on West 109th Street. They've found new owners for $7.8 million, and it doesn't sound like those owners are planning to try the Dawnay Day strategy. Probably the right call. [WSJ; previously]
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