Cadim backed out of a deal to buy most of Prime Group RealtyTrust's common stock last month in a deal that would have includedReschke.
The Canadian company Tuesday bought half of the two loans madeby Paramus, NJ-based Vornado to Primestone. The two loans, totaling$106 million including interest and fees, are in default and aforeclosure auction was scheduled for Tuesday. However, Primestonehas filed for Chapter 11 bankruptcy protection, which automaticallystops foreclosure proceedings.
Prime Group Realty Trust officials did not return calls forcomment.
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