Advertisement

REAL ESTATE

Share
Times Staff and Wire Reports

Shareholders OK Rockefeller Center Sale: The vote brings an investment group led by Goldman, Sachs & Co. and David Rockefeller one step closer to gaining control of the bankrupt New York landmark. The 6.2-million-square-foot office and retail complex is home to NBC, Radio City Music Hall, scores of retail stores and a popular ice skating rink. Rockefeller Center Properties Inc. owns the $1.3-billion mortgage on Rockefeller Center and is in the process of taking title to the property from its owners, two partnerships controlled by Japan’s Mitsubishi Estate Co. The Goldman-Rockefeller group will pay $8 a share and assume about $870 million in debt to acquire the company in a deal worth $1.2 billion.

Advertisement