Firms Angle for GM Building Buy

NEW YORK CITY-An investment group that includes Boston Properties Inc., Goldman Sachs Group Inc., and two Middle Eastern investors are reportedly negotiating to buy the General Motors Building as well as three other towers from Harry Macklowe for $3.6 billion to $3.9 billion. An unidentified industry source tells GlobeSt.com that sources close to the deal have confirmed the news.

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

A Goldman Sachs spokesperson tells GlobeSt.com that they have no comment at this time. A Boston Properties spokesperson did not respond to GlobeSt.com queries by deadline. Macklowe did not return GlobeSt.com queries by deadline. CB Richard Ellis Group Inc., who is marketing the GM Building for Macklowe tells GlobeSt.com that they have no comment at this time.