Macklowe still working out details of $7 billion deal

02/8/2008 | Wall Street Journal, The

Harry Macklowe was still hammering out the details of an agreement to let Deutsche Bank AG take control of his $7 billion debt for seven New York City office towers he purchased last year. However, some subordinate debt partners -- General Electric Co. in particular -- have not signed on and the deadline set for finalizing the deal is today.

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