August 18, 1995 |
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.
November 8, 1995 |
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.
July 30, 1985
The family plans to sell a $1.1-billion stake in the historic Rockefeller Center complex through a financial package that avoids a direct sale of the center and the capital-gains taxes that accompany such a transaction. Rockefeller Center Properties Inc., a company created by the family to make the public offering, registered with the SEC a proposal to sell $600 million, or 30 million shares of common stock, and $500 million in convertible debt.
December 23, 2000 |
Rockefeller Center has been sold to two minority shareholders for $1.85 billion, severing the Rockefeller family's last remaining ties to the historic city landmark, the buyers announced. The pending deal would transfer full control of the complex to Tishman Speyer Properties and the Crown family of Chicago, who own 5% of the complex. The sale price is under what the owners reportedly had sought. Rockefeller Center Properties Inc. Trust, which paid $1.