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'08 Greatest Hits: The GM Building Sale


It's New Year's Eve. Time to take stock of the biggest happenings in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 real estate in '08. The first of many today from The Observer's archives.

June 10, 2008

Zuckerman Exhales: GM Building Deal Closes

“I got great sleep last night,” Mort Zuckerman said on Tuesday afternoon, the day after he and his partners closed on the most expensive single-building purchase ever. Nine hours of sleep, no less.

As chairman of Boston Properties, Mr. Zuckerman on Monday closed on the $2.8 billion purchase of the General Motors Building, New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
’s most coveted cov·et  
v. cov·et·ed, cov·et·ing, cov·ets

v.tr.
1. To feel blameworthy desire for (that which is another's). See Synonyms at envy.

2. To wish for longingly. See Synonyms at desire.
 trophy tower in a city teeming teem 1  
v. teemed, teem·ing, teems

v.intr.
1. To be full of things; abound or swarm: A drop of water teems with microorganisms.

2.
 with trophy towers. The precise closing happened at 4:42 p.m., when he was at home working on an editorial for his magazine, U.S. News & World Report U.S. News & World Report

Weekly newsmagazine published in Washington, D.C. U.S. News was founded in 1933 by David Lawrence (1888–1973) to cover important domestic events; he founded World Report in 1945 to treat world news. The two magazines were merged in 1948.
, the topic of which he wouldn’t reveal. (“You will only find out when you buy the magazine.”)

That Mr. Zuckerman was busy working on something else during the culminating moment of an agonizing four-month-long series of negotiations does not mean that the moment was anticlimactic an·ti·cli·max  
n.
1. A decline viewed in disappointing contrast with a previous rise: the anticlimax of a brilliant career.

2.
. He just doesn’t sit in on closings. That, apparently, is what lawyers are for.

“I was absolutely delighted,” he said, about going from the “agony” of negotiations to “the peace” of the done deal. “I’ve been to too many of these [closings],” he added. “I just celebrate them by not having anything to think about.”
Copyright 2008 The New York Observer
No portion of this article can be reproduced without the express written permission from the copyright holder.
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Article Details
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Author:Tom Acitelli
Publication:The New York Observer
Date:Dec 31, 2008
Words:228
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