Real-Estate Credit Crisis Squeezes Macklowe

February 1, 2008
Real-Estate Credit Crisis Squeezes Macklowe

BY JENNIFER S. FORSYTH

New York real-estate titan Harry Macklowe has reached a tentative agreement with his lender to turn over effective control of seven Manhattan office buildings he acquired less than a year ago for $7 billion, according to people familiar with the matter.

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