Saturday, Feb 16, 2008
Does any of this sound familiar? DotCom Days anyone?
Reuters: Macklowe reaches extension agreements with lenders
Macklowe's strategy was to buy the Equity Office buildings whose long-term leases were about to expire and boost rents to market levels. According to several sources with knowledge of the properties, Macklowe already has increased the value of the largest of the properties, Worldwide Plaza on Eighth Avenue between 49th and 50th, which now commands rents of more than $100 per square foot.
Posted by lvmreader @ 08:12 PM (197 views) Add Comment
1 Comment
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1. alan said...
Debt is causing people at the bottom of the UK social structure to have a few headaches too:
Today's independent article on bailiff activity, ramping up.....
http://www.independent.co.uk/news/uk/home-news/merchants-of-misery-debt-collection-is-one-of-the-uks-fastestgrowing-industries-783382.html