NEW YORK CITY-RXR Realty has won a court-ordered delay on the sale of One Worldwide Plaza until at least tomorrow.
After the court ruling on Monday, the partnership of George Comfort & Sons, DRA Advisors, RCG Longview and Ramius Capital agreed to postpone the sale of the 59-story, 1.8-million-square-foot midtown office property until Wednesday's court hearing, according to Crain's New York Business.
RXR Realty reached an agreement to acquire a 48.9% interest in the building back in June for approximately $611 million. The deal included an option that would allow RXR Realty to eventually acquire the entire property for $1.35 billion. RXR claims at the time it was acquiring interest in the building with partner American Realty Capital. RXR Realty states it had been planning to buy the building in partnership with American Realty Capital at that time.
The building ownership has charged that RXR couldn't secure the financing to do the deal and walked away from the transaction. Reportedly, American Realty Capital is now close to acquiring the property for $1.45 billion. See story in Crain's New York Business.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.