Two Manhattan office buildings, 183 Madison Avenue and 100 Fifth Avenue, are now part of the United Kingdom insolvency proceedings of Rock Investment’s parent company. PricewaterhouseCoopers is administering the two properties along with about 45 others, mostly in England. The company plans to hold onto the properties rather than sell them. Rock Investments paid $107.5 million for 103 Madison Avenue in June 2007 and $152 million for 100 Fifth Avenue in February 2008.
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PricewaterhouseCoopers now controlling 183 Madison and 100 Fifth
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