Business: Manhattan Towers for Sale

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As part of its winning bid, Met Life agreed to let Pan Am keep its imprint on the building. The airline's name will continue to be on the face of the structure, and Pan Am will lease the 15% of the building that it presently occupies at about 30% below the current rate for prime New York office space. Says Losing Bidder Donald Trump: "The deal was extremely generous to Pan Am, but after ten or 15 years, it will probably turn out to be a good deal for Metropolitan." The insurance company is already happy with its proud tower. Says Metropolitan's Shinn: "In terms of prestige, location and quality of tenants, there is no more attractive building in the City of New York."