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RE Rumor Mill: Grand Central, Samsung, Thor Equities

By Kaitlin Ugolik ( September 24, 2014, 3:40 PM EDT) -- Investor Andrew Penson, who owns Grand Central Terminal and was rumored last year to be interested in buying land nearby, has reportedly offered SL Green Realty Corp. $400 million for the block next door. SL Green is planning to build a 1,395-foot tower on the site that would include a $210 million transportation infrastructure component, but Penson believes the air rights available at the site are worth far more than that, he told the New York Times. SL Green has reportedly rejected the offer, however, telling the Times it is "a publicity stunt from an individual with a long history of litigation and obstruction of major projects."...

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