Reactions to story from http://online.wsj.com
Group Eyes Macklowe's GM Building
http://online.wsj.com/ article/ SB121132178713408471.html?mod=rss_markets_main
An investment group is in negotiations to buy the General Motors building and other properties from distressed New York developer Harry Macklowe for $3.6 billion to $3.9 billion. The situation is fluid, but the discussions are serious.
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Commercial Real Estate Datapoint of the Day
http://www.portfolio.com/views/blogs/market-movers/2008/05/2...In April last year, the New York Observer declared the GM Building to be "the most valuable building in the world," and quoted Scott Latham of Cushman & Wakefield as saying it was worth more than $4 billion. Today, the WSJ reports the
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JPMorgan Will Take On Half of Bear Stearns Staff
http://nymag.com/daily/intel/2008/05/jp_morgan_will_take_on_...Photo: Getty Images FINANCE The SEC might still want to take down Maurice Greenberg. A.I.G.'s former chief may face civil charges for his alleged role in an effort to improperly boost the insurer's financials. [NYT] You could look at it like JPMorgan is
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Deals of the Day:
http://blogs.wsj.com/deals/2008/05/21/deals-of-the-day-6/By Stephen Grocer and Heidi Moore Deals of the Day includes all the major news of the morning related to mergers and acquisitions and financing. For breaking deal news, turn to the WSJs Deals & Deal Makers page, or click here to automatically sign
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