The office building is 75 percent leased to office and retail tenants. The new owner has the option, during the term of the loan, to convert the vacant space to rental apartments
New owners plan to convert the property, which sits opposite Lincoln Center, into luxury condos.
February 3, 2004 Vornado Realty Trust (NYSE:VNO) has acquired the Forest Plaza Shopping Center in Staten Island, N.Y., for about $32.5 million.Forest Plaza is a 165,000-square-foot shopping center that is anchored by a Waldbaum's Supermarket.As part of the deal, Vornado ...
February 3, 2004 Moody's Investors Service has downgraded nine classes of Banc of America Large Loan Inc., 2001-7WTC, which is backed by $431 million of debt on 7 World Trade Center, a 2 million-square-foot office building that was destroyed in ...
February 3, 2004 Commercial Real Estate Direct Staff ReportJamestown, which recently agreed to buy an interest in 111 Eighth Ave., finalized the contract for the deal last week. The sale is set to close next month.The German fund is acquiring ...
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