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N.Y. Firm Wants to Sell Reston Property; In Bankruptcy, Metromedia Fiber Network Has Made Deal on Land, Building
[FINAL Edition]
The Washington Post - Washington, D.C.
Author: Yuki Noguchi
Date: Sep 18, 2002
Start Page: E.05
Section: FINANCIAL
Text Word Count: 385

The unoccupied property, at 1780 Business Center Dr., was originally used by AboveNet Communications Inc., which was acquired by Metromedia in 1999. The sale also includes "intangible assets" such as power generators, cooling and fuel systems, and other infrastructure, said Kara Carbone, an MFN spokeswoman.

The Securities and Exchange Commission started a formal investigation into MFN's accounting practices in June. The company is "still supplying information to the SEC," said Lawrence C. Gottleib, a lawyer representing MFN in its bankruptcy case.

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