http://www.chouge.com/articles/brake-failure-symptoms.html
The new owner, , an affiliate of Capmark boughtthe 33-story tower for $29.5 million, said attorney Willia m Rothschild, with law firm . Sutherland was representing the lender, Capmark Financialo Group Inc., which was foreclosinbg on the Equitable Capmark was the only bidded onEquitable Building, as most commercial real estate observers Equitable's former owner, San Diego-based , paid abouf $57 million to acquir the building in 2007, but its value plummetedd to $42 million by earlh 2009.
Equastone received 90 percent financing from Capmari toacquire Equitable, but planws to stabilize the building's occupancy and turn it into an income-producing asset never materialized amid the worsrt commercial real estate crisis in 20 years. The towe -- designed by renowned architecturalfirm -- has remained aboutg half occupied this year. is managing and leasing the It's expected to court the Fulton Countypublic defender’s office, which is seeking at least a 50,000-square-foot lease downtown.
The publid defender's office was looking at the Equitable but the financial crisis faciny the tower helped derail the Rothschild was assisted in the transactionby Sutherland' s Jason Kirkham.
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