Item 8.01 Other Event.
On September 19, 2012, we completed the sale to Nomad Realty LLC, an affiliate
of Stanford Realty Associates, Inc., of our fee interest in the real property
located at 119-121 Madison Avenue, New York, New York and 27-29 East 30th
Street, New York, New York, for $18.25 million. As part of the transaction, our
existing financing in the approximate amount of $6.93 million was paid off. We
estimate that this sale will result in a gain of approximately $15 million,
without regard to any additional transaction consideration that may be payable
in the future.
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