Business Services Industry
GM TRUMP CARD: OFFICE CONDOS -- SALES COULD BOOST OPERATING INCOME; DONALD PLANS MAJOR RETAIL OVERHAUL, TOO
Crain's New York Business, September, 1998 by CROGHAN, LORE
The General Motors Building might be going condo -- commercial condo, that is. Donald Trump, the new owner of the trophy property at 767 Fifth Ave., says he is seriously considering selling as much as a quarter of its office space as commercial condominiums. The price will be high -- an unspecified premium to the record $500 a square foot Mr.
Trump paid for the property only a month ago. A number of the building's tenants have expressed interest in buying their offices, he says. Other potential purchasers include outside real estate investors, or businesses that want to become tenants by buying space and moving into it after the current occupants' leases expire. When Mr. Trump and insurance company Conseco Inc. agreed in May to buy the 50-story tower for an...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
- Using object-oriented analysis and design over traditional structured analysis and design
Presented by the Premiere Rewards Gold Card from American Express