SL Green, RXR and New York REIT Liquidating are weeks away from losing Worldwide Plaza to the auction block. The Midtown office’s mezzanine lenders scheduled a UCC foreclosure auction for the property’s controlling entity, Bisnow reported. The public sale of the 1.8-million-square-foot property at 825 Eighth Avenue is slated for Jan. 15. The entity that controls the building received a default notice last September from the owner of $190 million in mezzanine debt, according to a Securities and Exchange Commission filing from New York REIT Liquidating. Ownership is in default of both senior and mezzanine debt as of July, per […]
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