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National Real Estate Investor and PRIMEDIA Business Magazines & Media would like to express our deepest sympathies to the families and friends of the victims of the September 11 attacks on our country. Our thoughts and prayers are with you.

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New locations of displaced WTC tenants

Building Status Update
12/17/01


World Trade Center tenant listing

World Trade Center retail tenant listing

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Matt Valley
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Steve Webb
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Stephen Ursery
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blank blank Do you have a comment, observation or question about how the attacks on New York City and Washington D.C. are affecting the commercial real estate industry? Send us an e-mail.

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Marriott, Hilton hotels damaged in World Trade Center attack

 Steve Webb, Managing Editor

Online Exclusive, Sep 19 2001

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Three major hotels sustained extensive damage following the terrorist attack on the World Trade Center (WTC) towers Sept. 11. The New York Marriott World Trade Center hotel was destroyed, while the 504-room Marriott Financial Center and 561-room Hilton Millennium will be closed indefinitely due to damage sustained in the collapse of the massive WTC towers.

The Marriott World Trade Center hotel that was located between the 110-story buildings sustained "catastrophic damage," and has been rendered inoperable, according to Bethesda, Md.-based Host Marriott Corp., which owns the property. Two employees of the company’s management company, Marriott International, remain missing.

The extent of the damage to the New York Marriott Financial Center, located two blocks south of the WTC complex on West Street, has yet to be determined.

The Hilton Millennium hotel, managed by Beverly Hills, Calif.-based Hilton Hotels Corp., sustained numerous broken windows, smoke damage and potential structural damage. Structural tests are under way to determine whether the building can be repaired.



© 2008, Primedia Business Magazines and Media, a PRIMEDIA company. All rights reserved. This article is protected by United States copyright and other intellectual property laws and may not be reproduced, rewritten, distributed, redisseminated, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without the prior written permission of PRIMEDIA Business Corp.

 
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  As a lender, if a prospective borrower were to inform you that a property he is refinancing, purchasing or developing does not carry terrorism insurance, would you:
  approve the loan anyway
  reject the loan
  make loan approval contingent on the applicant fulfilling certain requirements
  other
   
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