Rock US Says Ch. 11 Will Help It Unload NYC Buildings

Law360, New York (September 16, 2010, 12:20 PM EDT) -- Real estate firm Rock US Holdings Inc. and three other affiliates of insolvent English parent Rock Joint Ventures Ltd., owners of two properties in New York City, have filed for Chapter 11, listing unpaid bank debt of at least $259 million and hoping for a quick turnaround through a prepackaged plan that envisions the sale of the 5th Avenue and Madison Avenue buildings.

Michael L. Brody, a Rock US Holdings senior vice president who also serves as CEO of Loeb Partners Realty, told the U.S. Bankruptcy...
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