CBRE wins exclusive on Macklowe's GM Building.Fresh off its $1.4 billion purchase, Macklowe Properties has appointed CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. to oversee the leasing of its prestigious acquisition--the General Motors Building at 767 Fifth Avenue, one of the most recognizable addresses in 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. . Headed by Mary Ann Tighe, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CBRE's 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 Tri-State Region For other tri-state regions, see . The Tri-State Region is commonly used in the area surrounding New York City to unambiguously refer to the greater metropolitan area. Sometimes the phrase is shortened to "the Tri-State," or "the Tri-State Area" is used instead. , the GM leasing team will also include Craig Reicher, Robert Stillman, Benjamin Friedland and Zachary Freeman. Widely recognized as one of the world's premier properties, the two-million-square-foot GM Building was acquired in September 2003 from the Conseco Insurance company and Donald J. Trump, the sellers. The building was constructed in 1968 on Fifth Avenue between 58th and 59th Streets, facing Central Park and the Plaza Hotel The Plaza Hotel in New York City is a landmark 19-story luxury hotel with a height of 250 feet (76 m) and length of 400 feet that (122 m) occupies the west side of Grand Army Plaza, from which it derives its name, and extends along Central Park South in Manhattan. . Boasting some of the city's most valuable office space, the building is already home to a number of high-profile tenants including Est6e Lauder, Weil, Gotshal & Manges and General Motors. "The GM Building is a true icon in New York City's skyline. We are proud to be 767's leasing team and to represent ownership," said Ms. Tighe. "Given the exceptional space available and the GM Building's prestige as one of the world's most exclusive business addresses, we fully expect healthy leasing activity and record-setting rents at this property. In addition, the owner's meticulous management, attention to detail and exquisite taste will ensure a high level of tenant satisfaction and strong demand from top tier firms." |
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