search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMusklandia: Tesla divorces gigafactory land from city of AustinMusklandia: Tesla divorces gigafactory land from city of AustinHousing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsNew York developer loses 1-year-old D.C. multifamily complexNew York developer loses 1-year-old D.C. multifamily complex
New York

GM Building: Who works in the most valuable US trophy tower?

A breakdown of the billionaire hedge funders and white-shoe firms in the Fifth Avenue icon

The GM Building's owners: Moise Safra, Mort Zuckerman and Zhang Xin
The GM Building's owners: Moise Safra, Mort Zuckerman and Zhang Xin

Sign Up for the undefined Newsletter

From the April issue: In 2008, developer Harry Macklowe was faced with $7 billion in debt and was forced to give up his crown jewel, the 50-story, 1.82 million-square-foot GM Building at 767 Fifth Avenue. A group led by Boston Properties’ Mort Zuckerman paid $2.8 billion for the tower, about twice what Macklowe had paid just five years earlier. [more]