GM occupied a large percentage of the building because it was purchased to house their employees. They no longer need a lot of that space and other tenants have left as well. The huge public spaces are and always have been a write-off but they can't afford to have 6 huge towers with very low occupancy. To say they are happy because it's a write-down makes no sense. Did they build the Wintergarden because it would be more space to write off? I guess Gilbert will be okay if the Hudson Site sits empty because it's a write-off?
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