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Re: Trump Plaza - Jersey City
#1
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Not sure if your post was addressed to me, but I'm not trying to spread lies. IStar Financial purchased the Trump Plaza from Metro Homes in late 2009. This is a fact and this information is available on the web or if you can access old news articles. Just search for "Istar", "Metro Homes" and "Trump Plaza Jersey City". You will find it. In addition, a few days ago, IStar publicly announced that it is looking at a possible pre-packaged bankruptcy early next year. This is another fact. Search for "IStar" and "bankruptcy" and you will find it on the web or on bloomberg. To be clear, I'm not saying that they announced bankruptcy, but that they are weighing a possible bankruptcy next year. Very different but still shows that they are in financial trouble. My original question was what could be the impact on existing and future owners if they did go bankrupt? Maybe there is no impact at all, but I don't know. Of course Trump has no interest in seeing Istar go bankrupt as it is bad publicity for the building, but Trump and Istar are totally different entities.

Posted on: 2010/9/26 21:41
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Trump Plaza Jersey City
#2
Newbie
Newbie


I heard that IStar, the owner of Trump, is preparing for a prepackaged bankruptcy next year. Does anyone know what that means for existing and future condo owners in that building?

Posted on: 2010/9/25 17:21
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