According to Crain's, the deal was contingent in part on NBCUniversal committing to a sizeable space at Worldwide Plaza,located at 825 Eighth Ave. Reports have put the network'sconsolidated space needs at more than 600,000 square feet. Instead,NBC has leased interim space at 75 Rockefeller Plaza and otherMidtown properties, and has not announced a permanent location forthe consolidated operations.
Quoting unnamed sources, Crain's says the two properties areexpected to bring a price closer to $1.2 billion. A source atEastdil Secured, which is marketing the properties for DeutscheBank, tells GlobeSt.com the company does not comment to the press.Calls to George Comfort & Sons were not returned bydeadline.
Deutsche Bank and other lenders took over control ofthe seven-property EOP portfolio in February after MackloweProperties defaulted on short-term loans. Macklowe had bought theportfolio for $7 billion in 2007.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
