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Chasing The Why of The GM Building Deal

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June 11, 2008 | 11:27 a.m.
<br /> (PropertyShark.)
PropertyShark.

My colleague Dana Rubinstein has inside details about the record GM Building deal in today's Observer.

The Wall Street Journal asks the burning question: Why did Mort Zuckerman and partners pay so much for a tower where most of the leases are locked in for several more years?

"There could be a really compelling story for why they are buying this thing," says Dean Frankel, portfolio manager of Urdang Securities Management, which held just fewer than 1.1 million Boston Properties shares as of March 31, according to Thomson Reuters. "But I don't know that yet."

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