The GM Building in Manhattan has been sold by the family that owns it to a group of investors led by Mort Zuckerman (think: New York Daily News) and a group of co-investors from Qatar and Kuwait. At $3.95 billion dollars, it is the highest price ever paid for an American office tower, according to the New York Times.
Apparently there was a lot of gossip about the sale of this building and what it "meant" both for the Macklowes and symbolically, now that the General Motors building has been sold to a group partially co-financed by rich Middle East investors, who seem to be doing very well indeed these days, even as American oil companies are not allowed to explore for new oil here in our own country and off our own shores.
So I'll leave the thread at that and encourage some discussion. I just wonder what they'll call the building now. Will it be the "Zuckqatariwait Building?" And since by the Times' depiction the Macklowes were able to hold on to the GM Building only because they built the Apple Store, what will Zuckerman build to justify his highest-ever purchase price? A huge crystal oil platform/casino? The irony in having the GM Building in Manhattan sold to a group of Middle Eastern oil magnates has got to be one of those things that will get people talking on Capitol Hill.
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