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City Deeds Suggest a Finished GM Building Deal

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June 9, 2008 | 5:33 p.m
City Deeds Suggest a Finished GM Building Deal

Early on Tuesday afternoon, Mort Zuckerman told a REBNY luncheon that he and his partners were closing on the approximately $2.8 billion purchase of the GM Building "as we speak."

At 4:38 p.m., a deed hit city records marking a $690 million transaction between Mr. Zuckerman's group and Macklowe Properties, the former owner of the GM Building, for the office tower at 761 Fifth Avenue (an address for the GM Building). Another deed, for a $200 million transaction, went online at 4:23 p.m., bringing the total cash transaction to $890 million.

More documents are expected online shortly.

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