The report states that William Macklowe recently reached anagreement to lease space at Tower 56, a former Macklowe property,at 126 East 56th St. A call to leasing agent First Service Williamswas not returned at press time.


Macklowe Properties is headquartered in the General Motorsbuilding at 767 Fifth Ave., which it sold to Boston Properties in2008. The deal was part of a multi-building sale by Macklowe to apartnership led by Boston Properties valued at approximately $4billion in cash and debt.


Earlier this year, Macklowe sold three residential high-rises inManhattan—RiverTower at Sutton Place and 54th Street, 777 SixthAve., and Longacre House at 305 West 50th St. for $475 million toEquity Residential. The deal totaled 910 luxury apartment units,23,339 sf of residential space and 50,000 sf of parking.


The Macklowe firm is currently embroiled in a battle for controlof 510 Madison Ave., a 350,000-sf office building that was heavilydamaged by a fire in February 2009. SL Green Realty purchased thefirst mortgage on the property from The Union Labor Life InsuranceCo. in December 2009. Macklowe is currently in court trying toprevent SL Green from foreclosing on the debt, according topublished reports.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.