A representative for the Chinese real estate company Vantone said on Wednesday it is determined to continue talks with developer Larry Silverstein, with the ultimate goal of leasing the top five floors of 7 World Trade Center.
On July 11, Silverstein sent a letter to the Beijing Vantone Real Estate Company saying that he was canceling the multi-million dollar leasing deal between the two. At the time, Silverstein said the group had missed too many deadlines, and the latest failure to come up with a $45 million letter of credit by July 10 was the last straw. more By Jen Benepe