Buyer Backed by Lutnick Fails to Meet Deposit Deadline for Pierre Purchase
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Motasem Khashoggi, from a notable Saudi family, missed the deadline to provide a $100 million deposit for the purchase of the Manhattan landmark known as the Pierre. This missed deadline results in a defeat for the buyer who was supported by Lutnick. The outcome affects the ongoing sale of a significant New York City property.
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PRISM scored this story 55/100 for interest.
Originally published by nyt