REAL ESTATE - Los Angeles Times
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REAL ESTATE

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Times Staff and Wire Reports

New York Landmark Shareholder Files Objection: A Rockefeller Center Properties Inc. shareholder has asked the U.S. Bankruptcy Court to force the landmark’s owners to disclose more information about the reorganization. Rockefeller Center Properties, a real estate investment trust, holds a $1.3-billion mortgage on the landmark and is the property’s largest creditor. The owners, two partnerships controlled by Japan’s Mitsubishi Estate Co., recently filed a plan with the court detailing its plan to transfer ownership of the property to the REIT. “As a Bankruptcy Court document, it is an abysmal flop,†according to an objection filed on behalf of the shareholder, Jerry Krim of Arlington, Va. Attorneys for the owners declined to comment.

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