iStar Update

We are all anxiously awaiting any news on the fate of the superblock. After being denied the tax abatement last Spring, does iStar build or do they sell?  A reader of the blog sent this in. Unfortintalyer, you need to register to read the entire article:

istar’s CEO gave a sort of update on their quarterly earning call a week ago Thursday about their long beach property.

Their CEO said “Progress was short-circuited in Long Beach, however, where we were surprised to not get the last approval we needed for our beachfront 522 unit multifamily project. We’re now exploring what other paths are available to us but nothing is clear at this point.”  as seen on http://seekingalpha.com/article/4020100-istars-star-ceo-jay-sugarman-q3-2016-results-earnings-call-transcript?part=single

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