New York REIT expects liquidation to be complete by end of March 2018

Save the date: New York REIT expects the liquidation of its 3.3 million-square-foot portfolio to be completed early next year. But first, it needs to sort out One Worldwide Plaza. “From a timing standpoint, our sales calendar is being driven first by the need to assume the debt and acquire the remaining interest in Worldwide Plaza,” company CEO Wendy Silverstein, who was brought on late last year to oversee the embattled REIT’s liquidation, told investors […] Read More >> https://therealdeal.com/2017/05/11/new-york-reit-expects-liquidation-to-be-complete-by-end-of-march-2018/

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