A Somerset spokesperson tells GlobeSt.com that they do not comment on rumors or speculation. Deutsche Bank, who is selling the Macklowe property through Eastdil Secured, also did not respond to GlobeSt.com queries. Eastdil Secured's Douglas Harmon did not return GlobeSt.com queries by deadline.
An anonymous industry source tells GlobeSt.com that if a deal makes sense and the potential buyer has sufficient cash, deals will be made. "The buyers will need to be strong, perhaps even able to close all cash," the source says.
Last week, another Macklowe property at 126 E. 56th St., also called Tower 56, was said to be trading to Transwestern Investment Co. LLC, for $160 million, although GlobeSt.com could not get confirmation by deadline.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.