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BUSINESS
September 21, 1996 | Times Staff and Wire Reports
Court Approves Olympia & York Restructuring Plan: U.S. Bankruptcy Judge James Garrity Jr. OKd the reorganization plan for Olympia & York USA, the landlord for several major office buildings, including New York's World Financial Center. O&Y's U.S. operations are expected to formally emerge from bankruptcy proceedings as a new business by Oct. 31.
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BUSINESS
May 20, 1992 | from Associated Press
Olympia & York warned bondholders Tuesday that it expects to miss bond payments on a Manhattan skyscraper next year when 40% of the leases are set to expire. The company offered investors a gloomy outlook for its 55 Water St. building, a 53-story financial district tower that counts Citibank, Chemical Bank and Depository Trust as major tenants. It told investors who hold $548 million in bonds backed by the building to form a committee and decide what to do about the impending financial crisis.
CALIFORNIA | LOCAL
January 6, 1993 | PHIL SNEIDERMAN, TIMES STAFF WRITER
The agreement that allows 1,600 more houses to be built in Simi Valley's Wood Ranch community will expire next week if the landowner does not make an overdue $100,000 payment to the city, Simi Valley officials said Tuesday. The property owner, financially ailing Olympia & York Properties USA, failed to make a Jan. 1 payment, as required by a 1982 pact with the city.
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