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
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
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
Square Feet | The 30-Minute Interview: Douglas Durst
Mr. Durst, 65, is the chairman of the Durst Organization, one of the city’s largest family-owned real estate businesses. He is also co-president with his cousin Jonathan, known as Jody, though he plans to relinquish that position. The company owns properties throughout Manhattan, including the Bank of America Tower, which attained platinum LEED certification
Date 2010-06-16
Author Vivian Marino