Macklowe towers get nearly 100 bids

June 18, 2008 08:24AM

There’s no shortage of interest in the four Macklowe Properties buildings being marketed by Eastdil Secured, which has received nearly 100 bids from around the globe for them. The buildings are Worldwide Plaza, 1540 Broadway in Times Square, Tower 56 at 126 East 56th Street and 527 Madison Avenue. Meanwhile, Shorenstein Properties, a San Francisco-based real estate investment firm, is reportedly buying the Park Avenue Tower and 850 Third Avenue for $930 million and Paramount Group is set to take 1301 Sixth Avenue for $1.45 billion. William Macklowe has replaced his father Harry as chairman and chief executive of Macklowe Properties, following the firm’s defaulting on loans it took out on the seven former Equity Office Properties towers it bought for $7 billion last year. 


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