A Billion Dollars, You Say? Never Mind
The Observer reports: Last year, there were 10 single-building sales valued at more than $1 billion in Manhattan. So far this year, there have been two: Mort Zuckerman and partners’ $2.8 billion GM Building buy from Harry Macklowe, and Paramount Group’s $1.5 billion purchase of the Credit Lyonnais Building at 1301 Avenue of the Americas. For the remaining 15 weeks of ’08, industry experts predict that—with the possible exception of Worldwide Plaza—there will be zero.
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Posted by: Nina Turner