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Judge Backs Gary Barnett's Push To Foreclose On SL Green, RXR's Worldwide Plaza
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Worldwide Plaza is the subject of a foreclosure dispute between Extell Development and a joint venture of SL Green and RXR.
A New York County Supreme Court judge this week denied an attempt by SL Green and RXR to block Extell Development's scheduled foreclosure auction of Worldwide Plaza.
“We’re disappointed in the most recent ruling,” an SL Green spokesperson told Bisnow.
It's now unclear if the auction will go ahead or if SL Green and RXR can negotiate a solution with Barnett.
The SL Green and RXR partnership acquired its stake in Worldwide Plaza in 2017 in a transaction valuing the building at $1.7B.