A judge rejected a bid by SL Green and RXR to stop a UCC sale tied to Worldwide Plaza, clearing the way for Extell to move ahead with a foreclosure auction. Judge Andrea Masley denied the landlords’ request for a preliminary injunction that would have blocked a UCC foreclosure sale of the mezzanine loan secured by the 49-story office tower at 825 Eighth Avenue, according to a decision issued on Tuesday in state Supreme Court. The dispute pits three of New York’s biggest real estate players against one another: SL Green’s Marc Holliday, RXR’s Scott Rechler and Extell’s Gary Barnett. […]

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