German Real Estate Firm Adler Reaches Agreement With Lenders
Creditors to Adler Group SA are set to take control of the company after the embattled landlord struggled to sell assets and repay debts against the backdrop of plunging prices.
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Creditors to Adler Group SA are set to take control of the company after the embattled landlord struggled to sell assets and repay debts against the backdrop of plunging prices.
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Jan 14, 2021
Bloomberg News
,(Bloomberg) -- The Girl Scouts’ New York City chapter is the latest organization seeking to cut ties with President Donald Trump.
Girl Scouts of Greater New York is reviewing options to exit a long-term lease at 40 Wall St., also known as the Trump Building in Manhattan’s Financial District, according to Chief Executive Officer Meridith Maskara. The chapter’s 15-year agreement began in 2014.
“As a matter of very high priority, our organization has been exploring options for getting out of the lease and the building,” Maskara said in a statement, adding the chapter is looking for new office space.
Read more: Trump Finds Himself Abandoned by the City That Made His Name
The plans were reported earlier by Business Insider.
The scouts join a wave of companies and organizations that are publicly distancing themselves from Trump after last week’s riot at the U.S. Capitol.
New York City said Wednesday that it’s canceling more than $17 million in contracts with the Trump Organization. Real estate brokerage Cushman & Wakefield Plc also said it would no longer work with the president’s business.
Representatives for the Trump Organization didn’t immediately respond to requests for comment.
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