Durst Reprieved: Conde Nast Tower Doesn’t Default
At 2 o’clock on the afternoon of May 20, Douglas Durst was on the edge of his seat. He’d just received word from Cigna Investments, the firm to which his family-run real-estate organization pays its mortgage on the Condé Nast building, that his company was in default. Mr. Durst had made his payments, but his Read More
