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Maverick Seizes Gorham Building After Legal Battle | Real Estate News
Description
Maverick Real Estate Partners just snatched the iconic Gorham Building in NYC for $50 million—after a brutal legal battle with the Schwalbe family, who’ve owned it since 1969. The foreclosure came after a $41 million loan went south, with Maverick accused of “vulturous tactics” like changing terms and freezing funds, forcing the family into default. The drama’s far from over—but the building’s now officially under new management.
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