The Real Deal New York

Two Macklowe buildings still for sale

November 14, 2008 05:30PM

This
fall, real estate firm George Comfort & Sons had agreed to purchase 1540 Broadway,
between 45th and 46th streets, and Worldwide Plaza, at 825 Eighth
Avenue between 49th and 50th streets, from Harry Macklowe for $2
billion, but the deal was contingent upon TV network NBC leasing space
in Worldwide Plaza, which has not happened. The buildings are still for sale and have been
shopped around this week, and experts say they will probably sell for
about $1.2 billion. Macklowe was forced to unload several properties
when he couldn’t pay back some short-term debt to Deutsche Bank.

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