Advertisement

REAL ESTATE

Share
Times Staff and Wire Reports

New York Landmark Shareholder Files Objection: A Rockefeller Center Properties Inc. shareholder has asked the U.S. Bankruptcy Court to force the landmark’s owners to disclose more information about the reorganization. Rockefeller Center Properties, a real estate investment trust, holds a $1.3-billion mortgage on the landmark and is the property’s largest creditor. The owners, two partnerships controlled by Japan’s Mitsubishi Estate Co., recently filed a plan with the court detailing its plan to transfer ownership of the property to the REIT. “As a Bankruptcy Court document, it is an abysmal flop,” according to an objection filed on behalf of the shareholder, Jerry Krim of Arlington, Va. Attorneys for the owners declined to comment.

Advertisement