NEW YORK CITY-About 30 firms, including Vornado Realty Trust, L&L Holding and SL Green Realty, have made bids for a defaulted $116-million senior loan on 1140 Sixth Ave. Most of the offers reached more than $80 million.
Rockpoint Group and Stellar Management had purchased the 22-story structure on the corner of West 44th Street from SL Green in 2006 for $97.5 million, but afterward they stopped paying the loan. An alliance headed by Landesbank Baden-Wurttemberg has hired Holliday Fenoglio Fowler to market the debt.For the full story, go to Crain's New York Business.
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