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Re: Old London Melba Toast factory in Bronx relocating to NC - 228 jobs lost

Posted by AMoreira81 on Mon Jan 25 08:52:58 2010, in response to Re: Old London Melba Toast factory in Bronx relocating to NC - 228 jobs lost, posted by AMoreira81 on Mon Jan 25 08:50:56 2010.

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Reading some articles on it, I'm reading that this deal was financed by $4.4B in debt. Isn't that over-leveraging a residential complex a tad much?

The property's worth is now an estimated $1.8 billion.

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