Steady growth predicted for the global office market in 2014

http://www.propertywire.com/news/global-news/global-office-predictions-2014-201312178577.html

Steady growth predicted for the global office market in 2014
Tuesday, 17 December 2013

The global office market is poised for slow steady growth in 2014, while 2015 should be more robust as recovery takes hold and business gains renewed confidence, according to a new report.

$800 Million Loan Sought on Worldwide Plaza

$800 Million Loan Sought on Worldwide Plaza
12/21/2012

The owner of one of New York’s largest office towers is shopping for an $800 million fixed-rate loan.

http://www.cmalert.com/headlines.php?hid=160163

U.S. Commercial Property Sector Enjoying Rising Rents as Vacancies Slowly Decline, Says NAR

U.S. Commercial Property Sector Enjoying Rising Rents as Vacancies Slowly Decline, Says NAR
Posted by Michael Gerrity 11/26/12 11:33 AM EST

According to the National Association of Realtors (NAR) quarterly commercial real estate forecast, most of the major commercial real estate sectors show gradually improving fundamentals and are easily absorbing the relatively small amount of new space that is coming online, with a full recovery already in the multifamily market.

Worldwide Plaza Confirms Recapitalization Plans

Worldwide Plaza Confirms Recapitalization Plans
By Karsten Strauss 11/21/12 1:37pm

Worldwide Plaza will definitely look to recapitalize, following several months of lingering on the auction block. Sellers, George Comfort & Sons and RCG Longview, had purchased the building – located at 825 Eighth Avenue – in 2009 for just under $600 million.

http://commercialobserver.com/2012/11/worldwide-plaza-confirms-refinance-plans/

Worldwide Plaza may be off the block

Worldwide Plaza may be off the block

With bids lagging the $1.5 billion target price, the owners of the 59-story West Side office tower are said to be thinking about holding off and settling for a re-fi now.

BY DANIEL GEIGER
NOVEMBER 19, 2012 1:37 P.M.

The owners of Worldwide Plaza have begun considering a refinancing of their 1.9 million square foot tower, rather than the sale they had been pursuing, several sources say.

http://www.crainsnewyork.com/article/20121119/REAL_ESTATE/121119923

Being Gutsy Is Bringing Some Glory

COMMERCIAL REAL ESTATE
October 9, 2012, 8:12 p.m. ET
Being Gutsy Is Bringing Some Glory
Smaller Firms That Bought Commercial Property During Downturn See Profits

By ELIOT BROWN

The expected sale of a hulking, brick office tower in Midtown Manhattan is on track to net its seller the largest dollar profit to date on any single property that was purchased during the financial downturn.

http://online.wsj.com/article/SB10000872396390443294904578046812154313132.html

Worldwide Plaza Bids Coming in Slightly Below George Comfort’s Lofty Targets

Worldwide Plaza Bids Coming in Slightly Below George Comfort’s Lofty Targets
By Daniel Geiger 10/01/12 6:04pm

Bids for Worldwide Plaza are coming in below the sky-high projections sellers George Comfort & Sons and RCG Longview had hoped for when the partners (finally) put the nearly two million-square-foot office tower on the market in recent weeks.

http://commercialobserver.com/2012/10/worldwide-plaza-bids-coming-in-slightly-below-george-comforts-lofty-targets/

NOMURA LEASES 900,000 SF AT WORLDWIDE PLAZA FOR ITS NORTH AMERICAN HEADQUARTERS

NOMURA LEASES 900,000 SF AT WORLDWIDE PLAZA FOR ITS NORTH AMERICAN HEADQUARTERS
30 Jun, 2011, Warsaw

New York, NY – In a major leasing transaction that provides one of the city’s iconic midtown office properties with a dynamic new anchor tenant, Nomura Holding America Inc., the U.S subsidiary of Tokyo-based Nomura Holdings, Inc., has leased over 900,000 square feet of space at Worldwide Plaza for its Americas headquarters.

http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c42300003p

Comfort Scores Worldwide Deal

COMFORT SCORES WORLDWIDE DEAL
By LOIS WEISS

Last Updated: 5:31 PM, June 10, 2009
Posted: 2:17 AM, June 5, 2009

In what will be the city's largest office transaction this year, Worldwide Plaza is in contract to be sold to a joint venture led by George Comfort & Sons that includes RCG Longview and the building's lender, Deutsche Bank.

http://www.nypost.com/p/news/business/item_mgaWEstKJCzUgj9xAJSbdO