Durst refinances Bank of America Tower
A $1.3 billion closing could be seen as a hopeful sign for rest of still-frozen commercial mortgage-backed securities market.
Date 2010-07-08
Author James Comtois
The Durst Organization Announces $1.3 Billion Refinancing of the Bank of America Tower at One Bryant Park
Largest Single-Asset CMBS Financing Since 2008
Durst, Onetime Critic, Wins Bid for Stake in 1 WTC
The Durst Organization won the right to be an equity partner with the Port Authority of New York and New Jersey in 1 World Trade Center, the 1,776-foot tower under construction at the Ground Zero site in lower Manhattan.
Date 2010-07-08
Author David M. Levitt
Durst Selected to Buy Stake in One World Trade
Douglas Durst, the taciturn scion of a three-generation real estate empire, has been selected to buy a stake in One World Trade Center, besting in a bidding contest Stephen Ross, the aggressive developer who chairs Related Companies.
Date 2010-07-07
Author Eliot Brown
With Partner Selected, Trade Center Project Discredits Some Naysayers
The announcement on Wednesday that the powerful Durst real estate family had won a hotly contested bidding contest for a stake in 1 World Trade Center represented a remarkable turnaround in the fortunes of the $3.3 billion skyscraper since its inception six years ago.
Date 2010-07-07
Author Charles V. Bagli