One Worldwide Plaza Sale Temporarily OK'd By Judge

Law360, New York (October 30, 2013, 5:47 PM EDT) -- The owners of Manhattan's One Worldwide Plaza, whose tenants include Cravath Swaine & Moore LLP, can go forward with plans to sell the midtown skyscraper to American Realty Capital, a New York state judge ruled Wednesday over the objections of jilted buyer RXR Realty.

Judge Shirley Werner Kornreich refused to quickly block the sale during a hearing in her downtown Manhattan courtroom, saying she didn't believe RXR Realty would ultimately succeed in its lawsuit, which accuses owner George Comfort & Sons of reneging on a deal to sell a stake in the skyscraper at 825 Eighth Ave. to RXR Realty, which...

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