REAL ESTATE
Judge OKs Transfer of Rockefeller Center: A Bankruptcy Court judge approved the transfer of New York’s landmark Rockefeller Center from its Japanese-controlled owners to the company holding the $1.3-billion mortgage on the property, home to the NBC-TV network broadcasting studios and Radio City Music Hall. The move concludes Mitsubishi Estate Cos.’ seven-year association with the Art Deco midtown Manhattan office and retail complex, which has become known as the worst blunder by a foreign investor in U.S. real estate. Mitsubishi’s loss was more than $2.3 billion. It also paves the way for a group of investors led by investment bank Goldman, Sachs & Co. and Rockefeller family patriarch David Rockefeller to take over ownership.
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.