Charles Cohen seeks more time for Fortress debt, but lender says game over

Developer Charles Cohen wants a New York court to give him additional time to resolve a $187 million personal debt owed to Fortress Investment Group, arguing that he has made progress toward repayment and is actively pursuing further asset sales.  Cohen said he has worked “tirelessly” over the past 18 months to reduce the obligation, including selling two New York buildings to Vornado Realty Trust and using $52 million of the proceeds to pay Fortress, according to a Jan. 13 affidavit reported by Crain’s New York. He contends that despite what he characterizes as excessive litigation from Fortress’ attorneys, his […] This article originally appeared on The Real Deal. Click here to read the full story.