New York REIT,Inc. (NYSE:NYRT) Files An 8-K Other EventsItem 8.01. Other Events.
On December 8, 2016, the Appellate Division of the Supreme Court of the State of New York entered an order denying the appeal of RXR Realty (“RXR”) in RXR’s litigation with New York REIT, Inc. (the “Company”). The appeal related to the partial summary judgment granted by the Supreme Court of the State of New York on the Company’s motion at oral argument on March 24, 2016. to the partial summary judgment, the trial court dismissed RXR’s disgorgement claims against the Company, permitting only a limited, immaterial claim against the Company for RXR’s cost of producing due diligence-related material to proceed. The litigation, which is described in more detail in the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2016 filed with the Securities and Exchange Commission on November 9, 2016, relates to the Company’s purchase of its 48.9% interest in Worldwide Plaza in October 2013.
About New York REIT, Inc. (NYSE:NYRT)
New York REIT, Inc. is a real estate investment trust. The Company focuses on acquiring and owning office and retail properties in Manhattan. The Company’s business is primarily conducted through New York Recovery Operating Partnership, L.P. The Company owns approximately 20 properties in New York City, which aggregate approximately 3.4 million rentable square feet. The Company holds interests in properties of various types, such as office, retail, hotel, parking and storage. The Company’s properties include Design Center, 416 Washington Street, 50 Varick Street, 1440 Broadway, One Worldwide Plaza, 256 West 38th Street, 229 West 36th Street, 333 West 34th Street, 367-387 Bleecker Street, 33 West 56th Street (garage), 350 West 42nd Street, Foot Locker, Duane Reade and 1100 Kings Highway. New York REIT, Inc. (NYSE:NYRT) Recent Trading Information
New York REIT, Inc. (NYSE:NYRT) closed its last trading session 00.00 at 9.85 with 1,261,306 shares trading hands.