The developer of ground zero, Larry A. Silverstein, who is thought to be partnering with the California State Teachers' Retirement System, has bid more than $3 billion for the property, The Sun said. Reuters reported a similar figure, but said Mr. Silverstein likely offered less than the $3.5 billion that the building's owner, the real estate magnate Harry Macklowe, has claimed it's worth.
With other bids topping $3 billion, a sale would be the largest ever for an American office building, beating the $1.8 billion price that Kushner Properties paid for 666 Fifth Ave. two years ago.
The Midtown Book - General Motors Building - 767 Fifth Avenue
The General Motors Building seen from the Plaza Hotel The full-block, 50-story
General Motors tower, shown at the right in the center, replaced the Savoy ...