Broadway Partners races to unload its trophy towers
October 10, 2008 02:23PM By Adam Piore
Broadway Partners' CEO Scott Lawlor must perform a tricky balancing act
From the October issue: Scott Lawlor once told a reporter he measured the success of his firm Broadway Partners largely on its ability to find new assets. Today, the survival of his firm depends on its ability to sell them. With hundreds of millions of dollars in short-term debt coming due in January, Lawlor's private equity firm has emerged as the latest poster child for overleveraged post-boom distress. Now that Harry Macklowe's goose has been cooked, it's Broadway's nationwide effort to unload trophy office towers that has become the real estate saga du jour.
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Comments
Anonymous
Another one bites the dust and there are so many others to follow. Good riddance to all.
Comment #1 Posted By: Anonymous 10/10/08
Anonymous
This is old news. What other big owners/developers are in trouble?
Comment #2 Posted By: Anonymous 10/10/08
Anonymous
"What other big owners/developers are in trouble?" Tishman Speyer Tishman Speyer Tishman Speyer
Comment #3 Posted By: Anonymous 10/10/08