02.21.07: When The Good News Stopped for Macklowe

We’re still trying to find out who has bid initially for Harry Macklowe’s GM Building. The first round of bids was due today. Mr. Macklowe needs the money from the sale of arguably the world’s most valuable office tower to pay off $7 billion in debt from a purchase of seven Manhattan office buildings last February…

Which brings us to this: The last media story mentioned and linked to from the Macklowe Properties’ Web site (under the "Macklowe News" tab) is one by The New York Times from Feb. 21, 2007, trumpeting the triumph that was that building-portfolio buy.

Famous in real estate circles for being able to act with dizzying speed, Mr. Macklowe and his son William took only 10 business days from start to finish to buy 6.1 million square feet of office space, according to people involved in the transaction. (Notoriously press-shy, the Macklowes declined to comment on the deal.)

All the media stories after that in the last 12 months–including ones in The Observer–are not listed on the Macklowe site. Wonder why?

02.21.07: When The Good News Stopped for Macklowe