Koch Family and Some Foreign Pensions Control Colonial Pipeline
Posted on 05/12/2021
Colonial Pipeline is the operator of the biggest gasoline pipeline in the U.S. Colonial Pipeline ceased operations after a ransomware attack. Gas shortages have spread from Baltimore to Florida. North Carolina has been the state hardest-hit by fuel shortages.
With gas fuel shortages plaguing the Eastern U.S. states, Colonial Pipeline reportedly has no plans to pay rumored US$ 5 million-plus ransom to hackers who have paralyzed the key gas pipeline. U.S. President Joe Biden vows to get the fuel crisis “under control” with pressure mounting on his administration to do more. “I think this is something that demands really serious federal attention. This was essentially a cyberattack on critical infrastructure in our country,” Florida Governor Ron DeSantis said to the media.
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Scenes from the ribbon cutting at One Vanderbilt in September (Credit: Jakob Kahlin)
Goldman Sachs and Wells Fargo are leading a massive refinancing of One Vanderbilt that will allow developer SL Green Realty and its partners to cash out hundreds of millions of dollars from the newly completed Midtown skyscraper.
The banks are heading a consortium of lenders putting together a debt package for the 58-story, Grand Central-area tower to the tune of roughly $2.25 billion, sources familiar with the financing told
The Real Deal.
It’s set to be one of the largest single-building commercial real estate loans in New York history. And it will provide a major windfall for the Marc Holliday-led real estate investment trust and its partners at a time when equity investors are still skittish about Manhattan office properties while cheap debt fueled by low interest rates is in abundant supply.
450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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