St. Vincent’s taps CBRE to sell GV campus

New York /
Dec.December 02, 2010 09:26 AM

The eight-building Greenwich Village campus of St. Vincent’s Hospital is about to hit the market, pending approval from a bankruptcy court judge, the New York Times reported. The hospital announced yesterday that it had hired CB Richard Ellis as an advisor to help explore “all options available regarding the Manhattan campus to maximize value for all shareholders.” It’s not ruling out a deal with Rudin Management Company, though, which said it’s still interested in buying the property and would like to see a health facility of some kind on the site. In 2007, Rudin had agreed to buy the campus for $300 million and convert it into townhouses and apartments, while building a new hospital across the street. “We continue to talk to the Rudins… Right now, it’s still the property of St. Vincent’s. Once we filed for bankruptcy, the game changed,” a spokesperson for St. Vincent’s said. [NYT]


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