A group of investors including private equity firm Black Bear Asset Management bought a three-building package on the Lower East Side from Marolda Properties for $24.4 million. Marolda, a Chinatown-based landlord run by Lawrence Marolda, more than doubled its money with the purchase, having paid $9.8 million in 2012 to a family that had owned the properties for more than three decades. ... [more]
