Macklowe managing to stay ahead of debt

01/16/2008 | Wall Street Journal, The

Harry Macklowe is navigating a windy road these days in moving forward with his plans for Manhattan properties. The real estate tycoon hired L.A. brokerage CB Richard Ellis to market Manhattan's historic General Motors building; won a commitment from Union Labor Life Insurance Co. to help him pay off a defaulted Deutsche Bank loan; and now is watching a lawsuit affecting the GM building.

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