Broadway Real Estate Bankruptcy Clears $451 Million Sale in Southern District

A Chapter 11 liquidation of 83 real estate entities tied to Broadway properties concluded with a confirmed plan centered on a $451.3 million sale to Summit Gold Inc. The case, filed May 21, 2025, in U.S. Bankruptcy Court for the Southern District of New York, involves distressed rent-stabilized holdings that underpin several performing-venue leases.