Bondholders of NYC's Worldwide Plaza Face $488 Million in Losses
Worldwide Plaza’s appraisal plunged to $345 million from $1.74 billion, risking significant losses for senior bondholders and wiping out lower-ranking debt.
Ben Ashkenazy's Beverly Connection catches a break
Ben Ashkenazy extended a loan on the Beverly Connection by two years after the debt was stuck in special servicing due to delinquency, with a recent appraisal at $193 million.