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Macklowe son to take helm of real estate firm-WSJ

Mon May 26, 2008 10:19pm EDT

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PHILADELPHIA, May 26 (Reuters) - William Macklowe is expected to take the helm of Macklowe Properties, succeeding his father, Harry Macklowe, after the real estate company sold its prized General Motors building in Manhattan, the Wall Street Journal reported on Monday.

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The father is expected to step down as chairman within weeks, "partly at the insistence of his son", the newspaper reported on its website.

Macklowe Properties could not immediately be reached for comment.

On Saturday Macklowe Properties agreed to sell the GM building and three other properties to a group led by Boston Properties (BXP.N) for about $3.95 billion. (Reporting by Jessica Hall; Editing by Alan Raybould) (For more M&A news and our DealZone blog, go to here)

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