From Out of Town

Real Estate's Eyes on the Prize

by Adam Piore Feb 19 2008

Bidding for the General Motors Building in Manhattan gets under way

The bidding has begun for New York City's most prized trophy office tower.

Bids for the General Motors Building, a gleaming 50-story building across the street from the Plaza Hotel and home to a number of hedge funds, were due on Friday and were evaluated over the holiday weekend. The building boasts the highest rents per square foot of any office tower in the city.