BNY Mellon Eyeing 1 WTC
Insiders confirmed that BNY Mellon has expressed interest to the PA regarding 1 WTC, but was told to hold off until the PA completes a prospective partnership deal with Douglas Durst. Sources emphasized that the BNY Mellon scenario is merely in the talking stage -- "but it's a very plausible idea," a downtown insider said. "All of a sudden, with Durst involved, 1 World Trade looks like a hot commodity."
Date 2010-07-13
Author Steve Cuozzo
Durst, Onetime Critic, Wins Bid for Stake in 1 WTC
The Durst Organization won the right to be an equity partner with the Port Authority of New York and New Jersey in 1 World Trade Center, the 1,776-foot tower under construction at the Ground Zero site in lower Manhattan.
Date 2010-07-08
Author David M. Levitt
Durst refinances Bank of America Tower
A $1.3 billion closing could be seen as a hopeful sign for rest of still-frozen commercial mortgage-backed securities market.
Date 2010-07-08
Author James Comtois
The Durst Organization Announces $1.3 Billion Refinancing of the Bank of America Tower at One Bryant Park
Largest Single-Asset CMBS Financing Since 2008
With Partner Selected, Trade Center Project Discredits Some Naysayers
The announcement on Wednesday that the powerful Durst real estate family had won a hotly contested bidding contest for a stake in 1 World Trade Center represented a remarkable turnaround in the fortunes of the $3.3 billion skyscraper since its inception six years ago.
Date 2010-07-07
Author Charles V. Bagli