Once near failure, office tower now soars. (New York, New York's Americas Tower office building located on Avenue of the Americas nearly 60% leased) From: Real Estate Weekly | Date: November 25, 1992| Author: Fitzgerald, Therese | COPYRIGHT 1992 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

On the Avenue of Americas, between 45th and 46th Street, an office building is emerging as a beacon of hope for the rest of the real estate industry.

Americas Tower, once close to death after an ownership dispute drove the project to the brink of bankruptcy in 1989 and forced construction to stop for 14 months, is nearing 60 percent leased.

According to Nancy Nemiroff, director of marketing and leasing for owner KG A&A Corp., a subsidiary of Japan-based Kumaga...

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