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    General Motors Building

    767 Fifth Avenue
    New York, NY 10022
    Website
    Office, Retail, Leasing/Rental

    The General Motors Building is a 50-story office tower located at 767 Fifth Avenue in Manhattan, at the southeastern tip of Central Park. The white marble-clad skyscraper was designed Edward Durell Stone & Associates with Emery Roth & Sons and completed in 1968. It occupies a full city block, bounded by Fifth Avenue, Madison Avenue, 59th and 58th Streets. As of September 2015, it hosted one of worlds most trafficked retail shops in its basement, the Apple Store, which shoppers enter through a 32-foot glass cube via a spiral staircase. The GM building contains 1.7 million rentable square feet. Its tenants have included cosmetics firm Estee Lauder and law firm Weil, Gotshal & Manges. Since its namesake tenant, General Motors, sold the building in 1982, in has changed hands several times. Donald Trump and insurance company Conesco purchased it for $878 million in 1998. In 2004, New York-based real estate developer Harry Macklowe bought the building from Trump for $1.4 billion. He was forced to sell it in 2008, due to a credit squeeze, for $2.8 billion, to rival developer Boston Properties. As of 2015, Boston Properties owned the building in partnership with Chinese property tycoon Zhang Xin, and the Safra banking family. -TA

    • Year Built 1968
    • square feet 1,824,820
    • block and lot 1-01294-0001
    • BIN 1036082
    For more info, click here
    • Event Office Leasing
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 77,700
    • Publication Date 02/21/2018
    • Event Date 02/15/2018
    • Party 1 767 Fifth Avenue Partners
    • Party 2 Estee Lauder
    notes
    The cosmetics company inked a lease in Midtown.
    For more info, click here
    • Event Financing
    • Address 767 Fifth Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 1,824,820
    • Price $ 2,300,000,000
    • Price per foot $ 1,260.00
    notes
    The investor secured $2.3 billion in refinances from four different financial institutions.
    For more info, click here
    • Event Retail Leasing
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 45,000
    • Publication Date 03/01/2017
    • Event Date 01/15/2017
    • Party 1 Boston Properties
    • Party 2 Apple
    notes
    The tech giant signed a lease, expanding below its famous glass box store.
    For more info, click here
    • Event Retail Leasing
    • Address 767 Fifth Avenue
    • Neighborhood Midtown East
    • Borough Manhattan
    • Square feet 53,000
    notes
    The athletic apparel company signed a lease in the old FAO Schwartz space.
    For more info, click here
    • Event Office Leasing
    • Address 767 Fifth Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 20,483
    • Price per foot $ 120.00
    notes
    The firm signed an early renewal lease.
    For more info, click here
    • Event Retail Leasing
    • Address 624 Madison Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 1,742
    notes
    The jewelry tenant signed a lease.
    For more info, click here
    • Event Office Leasing
    • Address 767 Fifth Avenue
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 400,000
    notes
    The law firm signed a 15-year-lease renewal to occupy 10 floors at the General Motors Building.
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 38,100
    notes
    The grain trading firm signed a short-term sublease and extended the agreement long-term with the landlord for the entire 15th floor.
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 38,100
    notes
    The investment firm subleased the entire 16th floor of the Boston Properties-owned General Motors Building.
    For more info, click here
    • Event Sales
    • Address 767 Fifth Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Price $ 1,400,000,000
    For more info, click here
    • Event Retail Leasing
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 66,465
    notes
    The toy retailer signed a five-year lease renewal for its three-floor space at the GM Building.
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 2,500
    • Publication Date 06/01/2011
    • Event Date 04/22/2011
    • Party 1 Boston Properties
    • Party 2 Hovnanian Enterprises
    • Party 2 Brokerage Cushman & Wakefield
    notes
    The home builder signed a lease renewal on the 46th floor of the General Motors Building.
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 9,270
    notes
    The investment firm signed a five-year lease renewal for the entire 18th floor.
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 40,000
    • Publication Date 05/01/2010
    • Event Date 03/22/2010
    • Party 1 Boston Properties
    • Party 1 Brokerage CBRE
    • Party 2 Perella Weinberg Partners
    notes
    The financial services firm signed a lease for the entire 10th floor, adding to its existing space on the building's fourth and fifth floors.
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 25,000
    • Price per foot $ 130.00
    notes
    The Brazil-based bank signed a 15-year lease for space on the 50th floor.around
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 114,300
    notes
    The car maker signed a 10-year lease renewal for the 14th through 16th floors. The lease includes a clause that prevents the tower from being renamed after another automobile maker, should one rent there.
    For more info, click here
    • Event Sales
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 1,900,000
    • Price $ 2,800,000,000
    • Price per foot $ 1,473.68
    notes
    The tower sold for $2.8 billion, or about $1,474 per square foot. The deal broke the record for the highest price ever paid for a single office building, previously held by Kushner Companies' $1.8 billion purchase last year of 666 Fifth Avenue. Macklowe Properties sold the GM Building to help pay off overdue short-term debt on the seven Midtown office buildings Macklowe bought in a highly leveraged deal last year. Macklowe purchased the trophy tower for $1.4 billion in 2003. Boston Properties acquired a 60 percent stake in the GM Building, paying around $890 million in cash and assuming the $1.9 billion in debt, due to mature in 2017. The Boston Properties-led group also paid around $1.1 billion for three other Macklowe office properties in Manhattan (see below).
    For more info, click here
    • Event Sales
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 2,000,000
    • Price $ 3,000,000,000
    • Price per foot $ 1,500.00
    notes
    Macklowe bought out the interest of his partner Jamestown for an undisclosed price, gaining sole ownership of the building for the first time. The building is now valued at approximately $3 billion.
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 22,000
    • Price per foot $ 120.00
    notes
    The hedge fund, which has $4 billion in assets under management, signed a lease for space on the 13th floor. The fund relocated from 9,500 square feet at 712 Fifth Avenue.
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 21,903
    notes
    Investment firm relocated from 712 Fifth Avenue to take space on the northeast corner of the 13th floor.
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 14,251
    notes
    Technology firm took space on the northeast corner of the 45th floor.
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 24,000
    notes
    Real estate development and management company moves its headquarters to the 21st floor of the building, which it acquired two years ago. The firm had been headquartered at Metropolitan Tower.
    For more info, click here
    • Event Retail Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 7,500
    notes
    Bank takes retail space on the Madison Avenue side of the building.
    For more info, click here
    • Event Office Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 10,000
    • Publication Date 01/01/2006
    • Event Date 11/22/2005
    • Party 2 Sandy Weill
    notes
    Citigroup chairman takes space, possibly for a private firm he might launch after he retires from the company in April 2006.
    For more info, click here
    • Event Retail Leasing
    • Building Name GM Building
    • Address 767 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 1,800
    • Publication Date 08/01/2005
    • Event Date 06/22/2005
    • Party 1 Macklowe Properties, Jamestown
    • Party 1 Brokerage in-house
    • Party 1 Broker Billy Macklowe
    • Party 2 Porsche Designs
    • Party 2 Brokerage Isaacs & Company
    • Party 2 Broker Joel Isaacs
    notes
    Flagship will be first tenant in the expanded, two-story glass retail space
    To see all, go to Advanced Search

    Top 10 most valuable retail leases of 2016
    12/27/2016
    From left: Jeff Sutton, Marc Holliday, Joanne Podell and 650 Fifth Avenue UPDATED, 11:30 a.m., Dec. 28: The Manhattan retail market had a rough-and-tumble 2016, From left: Jeff Sutton, Marc Holliday, Joanne Podell and 650 Fifth Avenue UPDATED, 11:30 a.m., Dec. 28: The Manhattan retail market had a rough-and-tumble 2016,...

    Manhattan’s mega leases
    03/01/2015
    Rounding out the top five were renewals by two prominent law firms: White & Case’s $840 million deal at Rockefeller Group’s 1221 Sixth Avenue and Weil, Gotshal & Manges’ $671 million deal at Boston Properties’ famed General Motors Building...

    Ranking Manhattan’s biggest retail buyers
    12/01/2014
    From left: Stanley Chera, Jeff Sutton and Steven Roth With Upper Fifth Avenue snatching back from Hong Kong’s Causeway Bay the title as the world’s From left: Stanley Chera, Jeff Sutton and Steven Roth With Upper Fifth Avenue snatching back from Hong Kong’s Causeway Bay the title as the world’s...

    Super stores
    05/01/2014
    Manhattan’s second-highest-grossing retail property is the General Motors Building, which rakes in $34.4 million...

    High-end office space leads the way in first half of 2013
    07/01/2013
    The top deals of 2013 include an early renewal last month by investment firm Och-Ziff Capital Management Group, at Sheldon Solow’s 9 West 57th Street, for more than $200 per foot on floors 39 and 40; and a branch of Brazilian lender Banco Itaú, which leased about 10,000 square feet in Boston Properties’ General Motors Building at 767 Fifth Avenue, for about $200 per foot...

    Office leasing drought breaks
    05/01/2012
    The investment firm Icahn Enterprises completed a 27,808-square-foot deal at the General Motors Building at 767 Fifth Avenue that had the most expensive starting rent since 2008, according to a little-noticed survey released last month by commercial firm Jones Lang LaSalle...

    Fifth Avenue's storefront shuffle
    12/01/2011
    Click to enlarge Upper Fifth Avenue (the portion between 49th and 59th streets) is the most expensive retail stretch in the world. However, it's not Click to enlarge Upper Fifth Avenue (the portion between 49th and 59th streets) is the most expensive retail stretch in the world. However, it's not...

    Eastdil Secured: A $15 billion enigma
    10/03/2011
    March, who leads the firm nationally, has brokered some of the firm's largest deals around the country and is active here as well. He and former Eastdil broker Wayne Maggin sold the General Motors Building to developer Harry Macklowe for a then-record $1.4 billion in 2003...

    Beyond the 'bottom-out'
    02/28/2011
    The spread was fueled by very expensive direct space priced between $100 per foot and $140 per foot in trophy buildings such as 9 West 57th Street and the General Motors Building at 767 Fifth Avenue...

    Burst of early renewals could hurt leasing in 2011
    01/31/2010
    "Only at the very high end of the market at very select buildings have the rents stabilized or gone up," Rosen said, citing Lever House, the Seagram Building, the General Motors Building and 450 Park Avenue...

    GM Building takes lead in commercial rents
    11/02/2007
    But Harry Macklowe's tenants at the General Motors Building are expected to pay more than two and a half times that...

    Class A vacancy stabilizes
    10/19/2007
    The Kushner family, for instance, agreed to buy 666 Fifth Avenue from Tishman Speyer Properties for a record $1.8 billion. Up the road, developer Harry Macklowe bought out his former partners at the General Motors Building...