NEW YORK CITY-Peter Cohen's realty investment firm, RCG Longviewhas purchased the first-mortgage debt on the office tower at 1414Sixth Ave. for $65 million from Bank of America Corp. RCG isalready a junior lender to the property, which owns $24 million inmezzanine debt.
The 18-story building is owned by Norman Sturner's Murray HillProperties, which had purchased the property in 2007 for $120.5million. RCG now wants Sturner to pay the loan or let go of theownership. For the full story, go to Wall Street Journal.
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