Word: landauer
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Dates: during 1980-1989
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...octagonal Manhattan tower that looms over Park Avenue for $400 million. Completed in 1963, the 59-story aluminum and stainless steel-sheathed skyscraper leads directly into Grand Central Terminal and sits in the center of a midtown office construction boom. "To my knowledge," says John Robert White, chairman of Landauer Associates, Pan Am's real estate broker, "this is the largest price ever paid for a single urban building...
...sealed bids after agreeing to the initial suggested price of $325 million. Among them: Metropolitan Life, the Trump Organization, a Manhattan developer, and Olympia & COLBURN & York, a, Toronto leal estate firm. The hopeful buyers or their emissaries all hand-carried their offers to the offices of Landauer Associates, which just happened to be conveniently located in the Pan Am Building...