By Karsten Strauss 11/21/12 1:37pm
http://commercialobserver.com/2012/11/worldwide-plaza-confirms-refinance-plans/
Showing posts with label RCG Longview. Show all posts
Showing posts with label RCG Longview. Show all posts
Wednesday, November 21, 2012
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/
By Karsten Strauss 11/21/12 1:37pm
http://commercialobserver.com/2012/11/worldwide-plaza-confirms-refinance-plans/
Monday, November 19, 2012
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
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
Monday, October 1, 2012
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/
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/
Thursday, September 17, 2009
Executive Interview with Chris LaBianca
Executive Interview with Chris LaBianca
September 17th, 2009 | Author: Dave Jacobs
Christopher LaBianca
President
RCG Longview
Christopher LaBianca joined the RCG Longview series of Real Estate Debt Funds in April of 2008 and serves as the President of their current high yield debt fund RCG Longview Debt Fund IV, L.P. His responsibilities include oversight of the origination, underwriting, closing, servicing and asset management of all fund investments. Since the inception of RCG Longview Debt Fund Series in 1999, the managers, Peter Cohen and Michael Boxer (Ramius Capital Group, LLC),Jeffrey Feil and Jay Anderson (The Feil Organization), Morton Olshan (Mall Properties), and Jon Estreich (Estreich & Company), have originated more than $1.8 billion in real estate mezzanine debt and other related instruments through RCG Longview fund vehicles. The investment strategy of the funds is driven by the collective experience of the managers as owners and operators of real estate. RCG Longview thus differentiates itself from its competition by focusing on opportunities where its experience and operational capabilities add additional value beyond financial structuring. During its ten years in business, RCG Longview has been active in practically every major US real estate market. It has made more than 350 investments secured by over $9 billion of real estate.
http://llenrock.com/blog/executive-interview-with-chris-labianca/
September 17th, 2009 | Author: Dave Jacobs
Christopher LaBianca
President
RCG Longview
Christopher LaBianca joined the RCG Longview series of Real Estate Debt Funds in April of 2008 and serves as the President of their current high yield debt fund RCG Longview Debt Fund IV, L.P. His responsibilities include oversight of the origination, underwriting, closing, servicing and asset management of all fund investments. Since the inception of RCG Longview Debt Fund Series in 1999, the managers, Peter Cohen and Michael Boxer (Ramius Capital Group, LLC),Jeffrey Feil and Jay Anderson (The Feil Organization), Morton Olshan (Mall Properties), and Jon Estreich (Estreich & Company), have originated more than $1.8 billion in real estate mezzanine debt and other related instruments through RCG Longview fund vehicles. The investment strategy of the funds is driven by the collective experience of the managers as owners and operators of real estate. RCG Longview thus differentiates itself from its competition by focusing on opportunities where its experience and operational capabilities add additional value beyond financial structuring. During its ten years in business, RCG Longview has been active in practically every major US real estate market. It has made more than 350 investments secured by over $9 billion of real estate.
http://llenrock.com/blog/executive-interview-with-chris-labianca/
Tuesday, July 7, 2009
$600M Worldwide Plaza sale approved
$600M Worldwide Plaza sale approved
July 07, 2009 12:32PM
http://therealdeal.com/blog/2009/07/07/george-comfort-completes-worldwide-plaza-deal-deutshce-bank-rcg-longview-macklowe-properties/
After the last deal fell apart, George Comfort & Sons and RCG Longview finally completed a $600 million deal with Deutsche Bank to purchase Worldwide Plaza. Rather than creating a joint venture, Deutsche Bank will just provide a $470 million mortgage for George Comfort and put up about $135 million in equity. The price comes to about $375 a square foot for the 1.6 million-square-foot tower at 825 Eighth Avenue, and the deal is expected to close later this month. As part of the agreement, Deutsche Bank will write down the original $1 billion mortgage it held on the property when Macklowe Properties bought the building in 2007.
http://therealdeal.com/blog/2009/07/07/george-comfort-completes-worldwide-plaza-deal-deutshce-bank-rcg-longview-macklowe-properties/
July 07, 2009 12:32PM
http://therealdeal.com/blog/2009/07/07/george-comfort-completes-worldwide-plaza-deal-deutshce-bank-rcg-longview-macklowe-properties/
After the last deal fell apart, George Comfort & Sons and RCG Longview finally completed a $600 million deal with Deutsche Bank to purchase Worldwide Plaza. Rather than creating a joint venture, Deutsche Bank will just provide a $470 million mortgage for George Comfort and put up about $135 million in equity. The price comes to about $375 a square foot for the 1.6 million-square-foot tower at 825 Eighth Avenue, and the deal is expected to close later this month. As part of the agreement, Deutsche Bank will write down the original $1 billion mortgage it held on the property when Macklowe Properties bought the building in 2007.
http://therealdeal.com/blog/2009/07/07/george-comfort-completes-worldwide-plaza-deal-deutshce-bank-rcg-longview-macklowe-properties/
Wednesday, June 24, 2009
George Comfort blames Deutsche Bank for botched Worldwide Plaza deal
George Comfort blames Deutsche Bank for botched Worldwide Plaza deal
June 24, 2009 02:58PM
http://therealdeal.com/blog/2009/06/24/george-comfort-blames-deutsche-bank-botched-worldwide-plaza-deal-harry-macklowe-rcg-longview-peter-duncan/
George Comfort & Sons President Peter Duncan blamed lender Deutsche Bank for the breakdown in a deal to buy the former Macklowe Properties Worldwide Plaza west of Times Square. The real estate firm and investment partner RCG Longview were “disappointed that the seller, Deutsche Bank AG, has decided not to honor the contract,” Duncan said in a statement. The companies were in contract to purchase the 1.8 million-square-foot office tower at 825 Eighth Avenue between 49th and 50th streets after the bank took it back from Macklowe Properties. Duncan held out hope the deal could still be finalized. “We have an executed sales contract, a significant hard deposit in place, and even a closing date of June 30th from the seller’s attorneys. We are ready to close,” he said. TRD
http://therealdeal.com/blog/2009/06/24/george-comfort-blames-deutsche-bank-botched-worldwide-plaza-deal-harry-macklowe-rcg-longview-peter-duncan/
June 24, 2009 02:58PM
http://therealdeal.com/blog/2009/06/24/george-comfort-blames-deutsche-bank-botched-worldwide-plaza-deal-harry-macklowe-rcg-longview-peter-duncan/
George Comfort & Sons President Peter Duncan blamed lender Deutsche Bank for the breakdown in a deal to buy the former Macklowe Properties Worldwide Plaza west of Times Square. The real estate firm and investment partner RCG Longview were “disappointed that the seller, Deutsche Bank AG, has decided not to honor the contract,” Duncan said in a statement. The companies were in contract to purchase the 1.8 million-square-foot office tower at 825 Eighth Avenue between 49th and 50th streets after the bank took it back from Macklowe Properties. Duncan held out hope the deal could still be finalized. “We have an executed sales contract, a significant hard deposit in place, and even a closing date of June 30th from the seller’s attorneys. We are ready to close,” he said. TRD
http://therealdeal.com/blog/2009/06/24/george-comfort-blames-deutsche-bank-botched-worldwide-plaza-deal-harry-macklowe-rcg-longview-peter-duncan/
Tuesday, June 23, 2009
Worldwide Plaza deal in trouble
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/
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/
Tuesday, February 10, 2009
RCG Longview Remains Positive, Closes Fourth Debt Fund at $602M
RCG Longview Remains Positive, Closes Fourth Debt Fund at $602M
Posted by CREOPoint Managing Editor on February 10, 2009 at 12:27 pm
Commercial Property News
Feb 10, 2009
By: Barbra Murray, Contributing Editor
The list of real estate debt investors daunted by the frosty lending climate is a long one, but New York City-based RCG Longview is not one of them. The real estate opportunity manager has closed RCG Longview Debt Fund IV L.P., having raised $602.5 million in equity. Like the previous three investment vehicles, Fund IV will target a variety of real estate transactions ranging from bridge loans and mezzanine loans to bridge mortgages and preferred equity opportunities across the country.
http://www.creopoint.com/forum/topics/rcg-longview-remains-positive
Posted by CREOPoint Managing Editor on February 10, 2009 at 12:27 pm
Commercial Property News
Feb 10, 2009
By: Barbra Murray, Contributing Editor
The list of real estate debt investors daunted by the frosty lending climate is a long one, but New York City-based RCG Longview is not one of them. The real estate opportunity manager has closed RCG Longview Debt Fund IV L.P., having raised $602.5 million in equity. Like the previous three investment vehicles, Fund IV will target a variety of real estate transactions ranging from bridge loans and mezzanine loans to bridge mortgages and preferred equity opportunities across the country.
http://www.creopoint.com/forum/topics/rcg-longview-remains-positive
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