Updated On
08/29/08 at 01:11PM
Broadway Partners in bind
237 Park Avenue
Real estate investor Broadway Partners is apparently upside down on its combined $1.1 billion in mortgages on the trophy John Hancock Tower in Boston, which is valued at $1 billion according to the Boston Globe. The firm's $13 billion in building purchases between 2002 and 2007 included 237 Park Avenue, 100 Wall Street and 450 West 33rd Street.
A d v e r t i s e m e n t s
Comments
Anonymous
Feels great on the way up......a massive overconfidence by dudes who get off on burning investor money on private planes to investor weekends in aspen.........stop
Comment #1 Posted By: Anonymous 08/29/08
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