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Rockefeller Center Properties

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BUSINESS
September 23, 1995 | Times Staff and Wire Reports
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.
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BUSINESS
January 5, 1996 | Times Staff and Wire Reports
New York Landmark Shareholder Files Objection: A Rockefeller Center Properties Inc. shareholder has asked the U.S. Bankruptcy Court to force the landmark's owners to disclose more information about the reorganization. Rockefeller Center Properties, a real estate investment trust, holds a $1.3-billion mortgage on the landmark and is the property's largest creditor. The owners, two partnerships controlled by Japan's Mitsubishi Estate Co.
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BUSINESS
November 8, 1995 | From Associated Press
An investment group that includes the Wall Street firm Goldman, Sachs & Co. and David Rockefeller announced an agreement Tuesday to take control of Rockefeller Center. The development allows the Rockefeller family to keep a stake in the Manhattan office complex that bears its name. It also closes the most recent chapter in a contentious bidding contest that included noted investor Sam Zell, Walt Disney Co. and General Electric Co.
BUSINESS
November 8, 1995 | From Associated Press
An investment group that includes the Wall Street firm Goldman, Sachs & Co. and David Rockefeller announced an agreement Tuesday to take control of Rockefeller Center. The development allows the Rockefeller family to keep a stake in the Manhattan office complex that bears its name. It also closes the most recent chapter in a contentious bidding contest that included noted investor Sam Zell, Walt Disney Co. and General Electric Co.
BUSINESS
August 18, 1995 | From Reuters
Rockefeller Group Inc. teamed up with real estate firm Tishman Speyer Properties Inc. on Thursday in a proposal that would allow New York's famed Rockefeller Center to emerge from Chapter 11 bankruptcy. The plan would give Tishman Speyer, a major New York real estate concern, a stake in the premier Manhattan property, which is owned by two Rockefeller Group partnerships that filed for bankruptcy in May because they were unable to pay the mortgage on the property.
BUSINESS
September 10, 1985
Rockefeller Center Properties said it has increased the amount that it intends to raise through a public offering to $1.3 billion from $1.1 billion. The public offering, which was announced in July, is part of a complex transaction by the Rockefeller family to mortgage its Rockefeller Center office complex in mid-town Manhattan.
BUSINESS
August 17, 1995 | JESUS SANCHEZ, TIMES STAFF WRITER
With the Broadway Stores Inc. and Capital Cities/ABC Inc. deals barely out of the headlines, real estate tycoon Sam Zell and Walt Disney Co. said Wednesday that they have joined forces in a bid to eventually take over New York's famed Rockefeller Center. An investment group headed by Zell and including Disney has tentatively agreed to invest $250 million in an effort to gain control of the landmark, whose owners have filed for bankruptcy protection.
BUSINESS
September 13, 1995 | JESUS SANCHEZ, TIMES STAFF WRITER
Goldman, Sachs & Co. on Tuesday emerged as a rival bidder for Rockefeller Center after Japan's Mitsubishi Estate Co. and the Rockefeller family formally announced plans to give up ownership of the landmark office and entertainment complex in New York.
BUSINESS
October 13, 1995 | From Associated Press
The family that controls Italian auto maker Fiat and a Greek shipping magnate have joined a group led by the investment firm Goldman, Sachs & Co. in its bid for Rockefeller Center. Their money leaves investors David Rockefeller and New York real estate developer Tishman Speyer Properties putting up just 10% of the overall buyout funds, according to a filing Thursday with the Securities and Exchange Commission. Goldman will put in half.
BUSINESS
September 13, 1995 | JESUS SANCHEZ, TIMES STAFF WRITER
Goldman, Sachs & Co. on Tuesday emerged as a rival bidder for Rockefeller Center after Japan's Mitsubishi Estate Co. and the Rockefeller family formally announced plans to give up ownership of the landmark office and entertainment complex in New York.
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