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/

At long last, World Wide Plaza hits the market

At long last, World Wide Plaza hits the market
August 28, 2012 10:30 AM

Worldwide Plaza, the behemoth office building located at 825 Eighth Avenue, will go up for auction, the New York Observer reported. The owners of the 59-story tower, George Comfort & Sons and RGC Longview, first tapped Eastdil Secured to market the building in May. After failing to secure an off-market bid they were happy with, Adam Spies and Doug Harmon of Eastdil told the Observer they were ready to head to auction with 1.8-million-square-foot tower.

The current owners nabbed the building for about $600 million in 2009, and the sale price for the building now is expected to be at least twice that, the Observer said. [NYO]

http://therealdeal.com/blog/2012/08/28/at-long-last-world-wide-plaza-hits-the-market/