REAL ESTATE
- Share via
Rockefeller Plan Delayed Again: Rockefeller Center’s owners again delayed filing a plan to emerge from bankruptcy protection, saying their mortgage holder needs more time to mull buyout bids. U.S. Bankruptcy Judge Prudence B. Abram granted an extension to Oct. 30 at the hearing, which was otherwise bogged down with arguments over financing to cover the landmark property’s operating costs. The hearing came one day after a board meeting by the mortgage holder, Rockefeller Center Properties Inc., or RCPI, that failed to produce any action on three bids to control the property. The two partnerships that own Rockefeller Center--80% controlled by Japan’s Mitsubishi Estate Co. and 20% by Rockefeller family trusts--filed for bankruptcy protection in May.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.