REAL ESTATE
- Share via
Rockefeller Center Properties Rejects Goldman Offer: Rockefeller Center Properties Inc. has in effect rejected a proposal by Goldman, Sachs & Co. to buy a piece of the landmark property, which threatened to derail a deal led by investor Sam Zell. The decision represents the most recent in a myriad of efforts to win ownership of the Art Deco office complex, which has been mired in bankruptcy proceedings since May. Rockefeller Center Properties, a publicly held trust that holds the center’s $1.3-billion mortgage, said in a statement that its board had found a Goldman-led offer to invest in the trust was not financially superior to an agreed-upon investment deal with Zell and others.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.