Posted Jan 6, 2010, 2:33 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,900
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http://online.wsj.com/article/SB1000...749032584.html
WSJ slideshow
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If the Drake deal closes in two weeks as expected, CIM and Mr. Macklowe will own what may be the world's most valuable rubble-strewn lot, once the site of the Drake Hotel, which was built in 1926. Mr. Macklowe bought and then demolished the hotel in 2007, intending to build a major office tower atop a base of high-end stores.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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