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980 Madison Update-o-Drama

Poor 980 Madison Avenue. The planned addition to the building has been in limbo since getting Landmarks Commission approval in 2009. Now the building's loan has been put into special servicing, and several tenants were expected to vacate the building. All this appears to mean that Michael Fuchs' and Aby Rosen's RFR Holdings could default on the building loan when it comes due in October. And somewhere, Tom Wolfe is howling. [Crain's]