The Real Deal New York

Worldwide Plaza deal in trouble

June 23, 2009 02:00PM

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. [Crain’s] and [WSJ]

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