On March 11, 2010, the Debtors filed their First Amended Joint Plan of Liquidation (the “Plan”) and supporting disclosure statement.
After notice and a hearing, the Court entered an order confirming the Plan on May 28, 2010. Copies of the Debtors’ Plan, order confirming the Plan, and claims register as of December 22, 2011 are available by clicking the links on the left.
Because of their knowledge and experience from the rig floor to the boardroom, Jhump can eliminate barriers by efficiently qualifying buyers.
This streamlines the process for buyers and sellers, creating loyalty and ultimately closing the transaction.
She said the company has a deadline in early January 2019 to complete the process.
New York REIT’s contract at One Worldwide gives it the option to purchase the majority interest from its partner, George Comfort and Sons, which will retain a 1.2 percent interest once the transaction is complete.
As for other properties in the portfolio, Silverstein said the 711,800-square-foot office building at 1440 Broadway has received the most interest so far from prospective buyers. “Substantial leasing [by New York REIT] might actually hurt the process.” “That will be one of the first assets that goes on the market,” she said.