Latest / Real Estate News Today | 2 Min News | The Daily News Now!
Worldwide Plaza’s New Manager Amid Foreclosure Chaos | Real Estate News
Worldwide Plaza in New York just got a new manager—Cushman & Wakefield is now in charge after taking over from SL Green, a move approved by court order and set to take effect by July 1. The transition comes amid a messy foreclosure battle involving massive lenders like Goldman Sachs and Deutsche Bank, who are chasing nearly $940 million in defaulted debt triggered when a major tenant vacated. Complicating matters further, mezzanine lender Extell Development is pushing for a forced sale, with appeals still pending. Occupancy numbers are disputed too: SL Green claims over 60% full, while the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.