{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='The General Motors Building on New York\u0026#39;s Fifth Avenue is for sale and could fetch a record $3 billion or more.  The previous record of $1.8 billion was set in 2006 by a 41-story building just a few blocks away from the GM building' data-url='/boclips/videos/5c54c504d8eafeecae16d065' data-video-url='/boclips/videos/5c54c504d8eafeecae16d065' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nThe General Motors Building on New York\u0026#39;s Fifth Avenue is for sale and could fetch a record $3 billion or more.  The previous record of $1.8 billion was set in 2006 by a 41-story building just a few blocks away from the GM building\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eHEADLINE: GM Building on the market for $3 billionCAPTION: The General Motors Building on New York's Fifth Avenue is for sale and could fetch a record $3 billion or more.  The previous record of $1.8 billion was set in 2006 by a 41-story...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eHEADLINE: GM Building on the market for $3 billion\u003cbr/\u003eCAPTION: The General Motors Building on New York's Fifth Avenue is for sale and could fetch a record $3 billion or more.  The previous record of $1.8 billion was set in 2006 by a 41-story building just a few blocks away from the GM building. (Feb. 20)\u003cbr/\u003e[Notes:ANCHOR VOICE]  \u003cbr/\u003eNew York's General Motors Building is on the market, and its sale will likely shatter some real estate records.  \u003cbr/\u003eThe building...home to C-B-S and FAO Schwarz...is going for more than 3 Billion dollars.  \u003cbr/\u003e((Forbes analyst Matt Miller SOT:  \"If the GM Building actually is sold for more than three (b) billion dollars it will be the biggest sale in real estate history in the United States, and so we should give it a lot of respect.\"))\u003cbr/\u003eThe hefty price tag hasn't deterred potential buyers.  There are at least 3 groups bidding for ownership of the Central Park landmark.\u003cbr/\u003eMiller says the new owners probably aren't looking to flip it.\u003cbr/\u003e((SOT: \"What people are really buying this for, is for the income. They want to redo all the leases. They want to bring in a lot of money per square foot on the leases and use it as an income property rather than trying to buy it, fix it up, flip it.\"))\u003cbr/\u003eSome of the groups interested in buying the 50-story tower include a New York real estate investor and the World Trade Center developer.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv 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more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003eincome, new york, north america\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci 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The previous record of $1.8 billion was set in 2006 by a 41-story building just a few blocks away from the GM building\" href=\"/subscription/new\"\u003e\u003cimg class=\"resource-img img-thumbnail img-responsive z-10 lp-boclips-thumbnail w-full h-full lozad\" alt=\"The General Motors Building on New York\u0026#39;s Fifth Avenue is for sale and could fetch a record $3 billion or more.  The previous record of $1.8 billion was set in 2006 by a 41-story building just a few blocks away from the GM building\" title=\"The General Motors Building on New York\u0026#39;s Fifth Avenue is for sale and could fetch a record $3 billion or more.  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