$7billion

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A Somerset spokesperson tells GlobeSt.com that they do notcomment on rumors or speculation. Deutsche Bank, who is selling theMacklowe property through Eastdil Secured, also did not respond toGlobeSt.com queries. Eastdil Secured's Douglas Harmon did notreturn GlobeSt.com queries by deadline.

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An anonymous industry source tells GlobeSt.com that if a dealmakes sense and the potential buyer has sufficient cash, deals willbe made. "The buyers will need to be strong, perhaps even able toclose all cash," the source says.

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Last week, another Macklowe property at 126 E. 56th St., alsocalled Tower 56, was said to be trading to Transwestern InvestmentCo. LLC, for $160 million, although GlobeSt.com could not getconfirmation by deadline.

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Macklowe turned overeffective control of the 610,000-sf Park Avenue Tower at 65 E. 55thSt., the 1.8-million-sf 1301 Avenue of the Americas, the1.6-million-sf Worldwide Plaza at 825 Eighth Ave., the 225,000-sf527 Madison Ave., the 950,000-sf 1540 Broadway, the 562,567-sf 850Third Ave. and the 200,000-sf Tower 56 at 126 E. 56th St. to hislender, Deutsche Bank.

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Rent at the 26-floor Madison Avenue building is approximately$125 per sf, according to MrOfficeSpace.com. Office tenants includeSanders Morris Harris Inc., W.P. Stewart & Co. Inc., theSumitomo Trust & Banking Co. Ltd., and Saudi PetroleumInternational Inc.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, 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 GlobeSt.com 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 GlobeSt.com. 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, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.