Sorgente Group… acquired a controlling interest in the Flatiron Building… now reportedly has its eye on the Woolworth Building at 233 Broadway. Bloomberg reported Tuesday that the Italian-based real estate investment firm is in discussions to buy a 51% stake in the 57-story property, which at one time was the world’s tallest building.

(Source: Bloomberg)

The Woolworth Building, the neo- Gothic Manhattan skyscraper that was once the world’s tallest building and a symbol of American capitalism, may soon gain Italian owners.

Sorgente Group is in talks with the owners to acquire a 51 percent stake, Chief Executive Officer Valter Mainetti said in an interview. Sorgente owns a stake in the Flatiron Building in New York City. A group including the Witkoff Group Inc. and investor Rubin Schron owns the Woolworth Building.

“We are in talks on two or three properties in New York, of which I can name only one: the Woolworth Building,” Mainetti said at Sorgente’s headquarters in Rome yesterday.

Read Armorel Kenna, Flavia Rotondi and David M. Levitt’s full article “Woolworth Building Stake May Be Purchased By Italian Investor” in Bloomberg (November 3, 2009).

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