The owner of mixed-use building Bloom on 45th in Manhattan has filed for bankruptcy, saying fallout from the Covid-19 pandemic as well as interest-rate hikes have made it unable to meet its debt obligations.
Hudson 888 sought protection from creditors Sunday in the U.S. Bankruptcy Court in Manhattan after it failed last Friday to reach a debt-restructuring settlement with a secured lender owed a total of $79.8 million.
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