THE OWNER of the Cond� Nast building at Four Times Square yesterday won a temporary stay that prevents the building’s mortgage holder from collecting millions of dollars to pay for a terrorism insurance policy.
The order from Appellate Division, First Department, Justice Betty Weinberg Ellerin came hours after a Manhattan judge authorized the mortgage holder, LaSalle National Bank, to seize $3.2 million in rent collected by the building owner to pay a one-year premium on a terrorism policy.
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