7 of 10
BACKNEXT
7. Pearson Building
Sale price: $241 million
Size: 572,300 square feet
Location: New York, N.Y.
While the loss of the General Motors building was mostly a reputational setback for Harry Macklowe, the impact of his company's foreclosure sale of the Pearson building in Midtown Manhattan was a severe financial blow.

Unable to service its mortgage debt, the company lost the building in an auction last June to Otera Capital, a division of one of Canada's biggest pension funds. The Canadian firm paid $241 million, according to CoStar Group. That's less than half of what Macklowe Properties bought it for in 2006.

NEXT: Maui Prince Resort
Last updated April 09 2010: 4:35 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Housing: Best recovery bets The average home price is forecast to slip about 6% over the next two years. But these 8 cities are predicted to post gains by September 2011. More
Million-dollar homes and gardensSpring has sprung and to many homeowners that means getting out in their beautiful gardens. Here's what kind of garden a million bucks can buy you. More
Dream pieces: Accessorize your home The little extras are what makes a home you envy. Here are 9 unusual accessories exhibited at the recent Architectural Digest Home Design Show in New York City. More
Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.