General Motors Corp.'s primary bankruptcy law firm Weil, Gotshal & Manges LLP is housed in New York in the aptly named GM building.
In June 2008, a group of investors purchased the iconic building on Fifth Avenue and three others in a $4 billion deal and said they might decide to sell the building's naming rights, which expire in 2010. The law firm in 1996 renewed its 350,000 square feet of office space on 11 floors in the GM building for 21 years starting in 1998. GM sold the building in 1991. The Detroit automaker's New York operations left its namesake building last year and moved into the Citigroup Center. In 1968, GM had 26 floors of office space in the 50-story building, but that had shrunk to just three by last year. |