Developer Sheldon Solow is reportedly working with Fortress Investment Group to purchase $900 million of Harry Macklowe’s preferred equity debt, according to a New York Post column by Lois Weiss. Solow reportedly is negotiating to pay a premium for the debt, which if unpaid could lead to the gain of properties that Macklowe used as collateral for his $6.95 billion in loans, used to buy seven Class A buildings.
Solow angles for Macklowe’s debt
October 10, 2007 11:03PM
