U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
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SEC FILE NUMBER
1-13375
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(Check One):
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CUSIP NUMBER
89185E 10 9
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[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q and
Form 10-QSB [ ] Form N-SAR
For Period Ended: June 30, 1998...........................................
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: .........................................
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Read Attached Instruction Sheet Before Preparing Form. Please Print or
Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: ........................
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Part 1 -- Registrant Information
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Full Name of Registrant
Former Name if Applicable
Tower Realty Trust, Inc.
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Address of Principal Executive Office (Street and Number)
292 Madison Avenue, 3rd Floor
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City, State and Zip Code
New York, New York 10017
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Part II -- Rules 12b-25(b) and (c)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b - 25(b), the following
should be completed. (Check box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
[X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof,
will be filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly report or
transition report on Form 10-Q, or portion thereof will be filed
on or before the fifth calendar day following the prescribed due
date; and
[ ] (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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Part III -- Narrative
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB, 20F,
11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
On July 9, 1998, the Registrant entered into an Agreement and Plan of Merger by
and among the Registrant, Reckson Associates Realty Corp., Crescent Real Estate
Equities Corp. and Metropolitan Partners LLC (the "Merger Agreement"). The
Registrant was unable to file its Quarterly Report Form 10-Q for the quarter
ended June 30, 1998 on the prescribed due date without unreasonable effort and
expense because during the time preceding and following the execution of the
Merger Agreement, management was required to devote substantial time and
resources to the negotiation of, and the transactions contemplated by, the
Merger Agreement, including preparation of the required Proxy Statement.
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Part IV -- Other Information
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(1) Name and telephone number of person to contact in regard to this
notification
Mr. Lester S. Garfinkel (212) 448-1864
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(Name) (Area Code) (Telephone Number)
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(2) Have all other periodic reports required under section 13 or 15(d) of
the Securities Exchange Act of 1934 or section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[ ] Yes [X] No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
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Tower Realty Trust, Inc.
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: August 14, 1998 By: /s/ Lester S. Garfinkel
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Name: Lester S. Garfinkel
Title: Executive Vice President -- Finance and
Administration and Chief Financial
Officer
