Archive for May 26th, 2008

The most expensive building ever

Posted by stephen on May 26, 2008

The 50-storey General Motors Building in New York City was sold on Saturday for the record-setting $2.9 billion – the most ever paid for a skyscraper in the United States.
The sale of the office tower represents the loss of the crown jewel of the troubled Macklowe real estate empire, which acquired the building in 2003 [...]