announced Tuesday that, at its special meeting of stockholders that day, more than 99 percent of the shares of NYRT common stock that were voted as to the proposal to approve the plan of liquidation and dissolution of the company voted in favor of the proposal, with more than a majority of the outstanding shares approving, and therefore, the plan was approved.
As The liquidation plan followed the failure in August of a proposed merger between NYRT and JBG Cos., a major metro Washington, D. (JBG went on to a merger with Vornado Realty Trust.) “We are pleased with the outcome of today’s vote, and I would like to thank all of NYRT’s stockholders for their support throughout this process,” Randolph Read, the REIT’s chairman of the board of directors, said in a prepared statement.
Hutchin Hill Capital will likely move in on April 1, leaving Metropolitan Tower.
The new lease is for 10 years and the asking rent was per square foot.
Retail Operator, 1947--80 Vornado's corporate history dates back to Windsor-Fifth Ave., Inc., a Manhattan decorating company formed in 1936.
Sales grew from .8 million in fiscal 1952 (the year ended August 31, 1952) to million in fiscal 1957.
New York—Right according to schedule, New York REIT Inc.
Greenbaum, the president of the New York division, announced that the real estate company did a roughly 40,000-square-foot deal with the .4 billion New York-based hedge fund Hutchin Hill Capital at the building between West 56th and West 57th Streets.
A source with knowledge of the deal later told Commercial Observer that the space is exactly 39,600 square feet and spans all of floors 21 and 22 of the 46-story tower.