Centerline Holding Company

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By Dana Rubinstein 10/24/08 3:48pm

Centerline Tries To Wriggle Out of Mega-Lease at 1095 Sixth

The numbing onslaught of bad real estate news shows no sign of abating.

Real Estate Weekly is reporting that Centerline — the real estate investment firm headed by Related Companies’ Stephen Ross that the Wall Street Journal recently reported was in danger of defaulting — is negotiating with Blackstone Group to wriggle out Read More

By Dana Rubinstein 10/20/08 1:10pm

Stephen Ross’ Centerline Could Default

Centerline Holding Company, headed by Related Companies bigwig (and REBNY chairman) Stephen Ross, may not be able to meet its short-term debt obligations, according to this morning’s Wall Street Journal, which cited a Moody’s Investment Services report that further cut Centerline’s credit rating.

Here’s more:

The move comes as the credit-market turmoil, coupled Read More

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