Experts: GM Building worth $3B

The $1.8 billion sale of 666 Fifth Avenue bodes well for Harry Macklowe, owner of The General Motors Building on Fifth Avenue between 58th and 59th streets. In 2003, many mocked Macklowe when he purchased the iconic tower for the “outrageous” sum of $1.4 billion. Now, experts say the building is worth more than $3 billion. more [Sun]