
Condé Nast paid back rent to One World Trade Center
NY Post
The owners of Condé Nast went eyeball-to-eyeball with their landlord at One World Trade Center — and the powerful magazine publishers blinked.
Advance Publications honchos Steven Newhouse and Donald Newhouse lost a fierce tug of war with real estate mogul Douglas Durst — and have paid nearly $10 million for four months’ back rent at the downtown skyscraper, The Post has learned. The Newhouse’s white flag concludes a widely watched tussle between the privately held, family-run companies that kicked off last summer when pandemic-pummeled Advance — parent to Condé Nast’s glam titles Vanity Fair, Vogue and The New Yorker — threatened to bolt to Midtown and possibly even New Jersey, because it claimed it couldn’t afford the rent.More Related News
