Bud Perrone

Dell’s Hawaii Resort Nears Loan Workout as Demand Climbs

The loan on the Four Seasons Resort Hualalai, a Hawaiian vacation area co-owned by Michael Dell’s MSD Capital LP, is close to a restructuring as the property benefits from higher room rates and rising luxury-home demand, said Patrick Fitzgerald, chief executive officer of the resort.

NYC Top-Quality Office Availability Reaches 19-Year High

The availability of top-quality office space in Manhattan rose to the highest in almost two decades as a new skyscraper at the World Trade Center site neared completion, according to brokerage Studley Inc.

Wachtell, White & Case, Ashurst: Business of Law

Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer, agreed to acquire Plains Exploration & Production Co. and McMoRan Exploration Co. for about $9 billion as the company returns to its roots in energy.

United Airlines Held Not Liable in Trade Center Attack

United Air Lines isn’t liable for the plane hijacking in the Sept. 11, 2001, terrorist attack that destroyed the World Trade Center’s Tower 7, a judge ruled.

Foster’s Firm to Design New Tower on NYC’s Park Avenue

Foster + Partners, the architectural firm run by Norman Foster, was chosen to design the first full- block office tower on Manhattan’s Park Avenue to be built in almost 50 years, the developers said today.

Silverstein Said Moving Toward Two Deals at Trade Center

Larry Silverstein has formal proposals from two potential tenants for 3 World Trade Center, which if accepted would allow the developer to build the skyscraper to its full 80 stories, two people with knowledge of the negotiations said.

UBS Said to End Talks to Lease Space at World Trade Center in Manhattan

UBS AG, Switzerland’s biggest lender, is no longer in negotiations to lease space at lower Manhattan’s World Trade Center, according to a person with knowledge of the situation.

Morgan Stanley, AIG Face Weeks Without Lower NYC Offices

In any kind of “normal” flood, water would never reach 80 Pine St., a 39-story tower two blocks inland from the lower Manhattan waterfront, landlord William Rudin said.

Orix Plays Hardball With Gotham King After LNR Ouster: Mortgages

Charles Ishay planned to hold on to 895,500 square-feet (83,195 square-meters) of office space in suburban Cleveland after the mortgage servicer LNR Property LLC agreed to change terms on $135 million of debt taken on during the 2007 market peak. Orix USA killed that plan.

European Union Nears Deal for $40.5 Million Midtown Manhattan Office Lease

The European Union is negotiating a $40.5 million lease in midtown Manhattan to replace office space it must vacate by late July.

"While we are disappointed by the judge's ruling, his decision was limited to the narrow issue of whether United shared liability for the security lapses that led to the hijacking of American Airlines Flight 11."

- Bud Perrone on Nov 21, 2012

Manhattan

New York

Larry Silverstein

Turkey Blames Syria’s Assad for Its Deadliest Terror Act

Icahn Asks Investors to Make Big Bet on a Debt-Laden Dell

Former Jets Wide Receiver George Sauer Dies, N.Y. Times Says

Greenhouse Gases Hit Threshold Unseen in 3 Million Years

Clinton Won’t Be Hurt by Benghazi Controversy, Kaine Says