One Seneca Tower sold to mortgage holder for $28 million
http://www.buffalonews.com/business/...llion-20151001One Seneca Tower has been sold, for $28 million, to the firm that held its mortgage.
The mortgage holder, LNR Partners, started off the bidding for the property at $6 million.
About 75 people were present in the tower’s auditorium for the auction.
The lender was widely expected to win the auction, because it is owed $91 million for the 850,000-square-foot building – which is 95 percent empty – and is now w