Worldwide Plaza deal in trouble
June 23, 2009 02:00 PM
Real estate sources say a deal to sell Worldwide Plaza — one of the seven office towers Harry Macklowe was forced to return to his lenders — has fallen apart. This is the second time a deal to sell the building has fallen through, and both instances involved George Comfort & Sons as the buyer. In the latest transaction to break down, George Comfort and real estate investment firm RCG Longview struck a deal to purchase the 47-story tower for an undisclosed sum earlier this month. Deutsche Bank, which controls the building, would have retained a stake and provided financing for the deal. Sources say Deutsche Bank killed the transaction. According to the Wall Street Journal, the building is on the market again.
http://therealdeal.com/blog/2009/06/23/worldwide-plaza-deal-in-trouble/
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