Haim Beats The Buzzer On Lipstick Building

Haim Revah and partners "emerged unscathed in their refinancing of the iconic Lipstick Building, a New York office tower it bought near the top of the market in 2007 for $607 million," the Wall Street Journal reports this morning.

Mr. Revah's Metropolitan Real Estate Investors and partners had a $60 million loan from Goldman Sachs due July 10, tomorrow. The partners were able to refinance, however, and reduce the principal owed the banking giant.

The Lipstick Building, at 885 Third Avenue, is nearly full, the Journal notes, though a small space remains available on the 33rd floor.