CTBUH Global News
May22

Written by:host
5/22/2009 11:33 AM 

Skyscrapers Going Up For Sale Fall Far In Price, Amid Distress  

May 21, New York

A 40-story skyscraper sits on a prime corner in the wealthiest U.S. commercial market, blocks from Rockefeller Center and Central Park. It recently sold for $100,000. The 1330 Avenue of the Americas building — which sold for close to $500 million three years ago — was auctioned in April 2009 for the minimum to a Canadian pension fund unit after owner Harry Macklowe defaulted on a $130 million loan...more

Tags: