When General Tire & Rubber Company sold the building to Helmsley-Spear, Leona Helmsley renamed the building The Helmsley Building, which is its current name. The deal in which the ownership of this 2,300,000 sq ft (210,000 m2) building, which was owned by the Helmsley-Spear Management until August 1998, changed hands stipulated that the building would not be renamed again. The building was purchased by Max Capital for $253 million, but in 2006 was sold again to Istithmar, an investment firm owned by the royal family of Dubai, for $705 million. It was later sold to Goldman Sachs in 2007 for over $1 billion.[5]