Relevant:
- Lenders Move to Foreclose on Macklowe Loan
- HSBC Tries To Sell Stake in Times Square Office Tower, Once Lost By Macklowe, for $445M (VALUED ABT. $250 mln in 2010)
- Macklowe to Sell GM Building This Month to Pay Debt, People Say
- Macklowe Wins Case Icahn Filed Over Aborted 2006 Reckson Buildings Bid
- Harry Macklowe skips rent at Mort Zuckerman's GM Building
2009-04-21 — bloomberg.com
A 40-story office tower next to New York’s Museum of Modern Art is set to be taken over tomorrow by a unit of Canada’s largest pension fund in the second foreclosure auction of a U.S. skyscraper in less than a month.
The pending seizure of 1330 Avenue of the Americas is another step in the dismantling of New York developer Harry Macklowe’s property empire.
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