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Worldwide Plaza Confirms Recapitalization Plans

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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/

WNET signs lease at Worldwide Plaza

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WNET signs lease at Worldwide Plaza August 17, 2010 08:30 AM Worldwide Plaza at 825 Eighth Avenue WNET, the parent company of public television’s Channel 13, has signed a 95,000-square-foot lease at Worldwide Plaza at 825 Eighth Avenue between 49th and 50th streets, taking two floors in the 1.8 million-square-foot tower, the Post reported. Terms for the Worldwide Plaza lease were not released, but asking rents there run from $52 to $59 a square foot. The deal marks an important step forward for the building, which was purchased last year from Deutsche Bank for $605 million by a George Comfort & Sons-led partnership after Deutsche took it back from Harry Macklowe. The WNET deal is the first section being leased out of the 640,000 square feet that became available after advertising agency Ogilvy & Mather moved out in 2009 (note: correction appended). WNET will move from its current corporate headquarters at 450 West 33rd Street by the end of the year. WNET was represented by...