3 Columbus CircleFrom the July issue: Late last year, an attorney for developer Joseph Moinian handed Manhattan’s County Clerk a cashier’s check in the stunning amount of $258,550,838.52. It was drawn from the bank account of SL Green Realty, Moinian’s partner at 3 Columbus Circle, and delivered as a show of good faith. The so-called tender offer was designed to short-circuit litigation among three heavyweight Manhattan office landlords.
But the tender — believed to be by far the largest ever deposited with the Clerk’s office — failed in its immediate goal to end the now-famous saga over the fate of 3 Columbus. [more]
A ‘tender’ offer at 3 Columbus
SL Green's record $258 million cashier's check didn't end litigation, but it paved the way for a deal
July 25, 2011 10:39AM
By Adam Pincus
