In January, a investment banker source predictedthat the 767 Fifth Ave. property would trigger demand from a hostof domestic and global investors.The source predicted that a team of investors might be bettersuited to buy the property given the potential sale price.


A Goldman Sachs spokesperson tells that they have nocomment at this time. A Boston Properties spokesperson did notrespond to queries by deadline. Macklowe did not queries by deadline. CB Richard Ellis Group Inc., whois marketing the GMBuilding for Macklowe tells that they have no commentat this time.


Reports say that the group has contacted Macklowe's lenders todiscuss assuming the tower's existing debt and "possibly modify theloan terms." The deal would let Macklowe pay off some of the$7 billionin loans that he took out on seven Manhattan towers bought lastFebruary.


Deborah Jackson, executive managing director of Weiser RealtyAdvisors LLC, previously told that since the purchaseof the GM Building property in Sept. 2003 for $735 per sf, themarket has strengthened for all office product, especially forwell-located trophy buildings. The commercial skyscraper is locatedbetween 58th and 59th streets and rests atop an entire city blockdirectly across the street from the Plaza Hotel. Tenants includeGeneral Motors Corp., Weil, Gotshal & Manges; Bank of America;Baron Capital; Forstmann Little & Co.; Belfer Management Inc.;Estee Lauder Cos.; Icahn Associates Corp.; K. Hovanian Cos.; andMCL Corp. among others.

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Natalie Dolce

Natalie Dolce, editor-in-chief of and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel,, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including and Museums New York magazine.