Exhibit 21.1 Subsidiaries of the Registrant --------------------------------

                                                                    Exhibit 21.1

                         Subsidiaries of the Registrant
                         --------------------------------




                                                                       State of
Name of Subsidiary                                          Incorporation or Organization
--------------------                                        -----------------------------

                                                                  
Tower Realty Operating Partnership, L.P.                    Delaware    
Tower Equities Management, Inc.                             Delaware    
286 Madison, L.P.                                           New York    
290 Madison, L.P.                                           New York    
000 Xxxxxxx, X.X.                                           New York    
000 0xx Xxxxxx GP LLC                                       Delaware    
000 0xx Xxxxxx X.X.                                         New York    
2800 Associates, L.P.                                       Delaware    
2800 GP LLC                                                 Delaware    
2800 I LLC                                                  Delaware    
0000 Xxxxxxxxxx, X.X.                                       Delaware    
Black Canyon Loop Company, L.L.C.                            Arizona    
Corporate Center Associates, L.P.                           Delaware    
Corporate Tower Center, GP LLC                              Delaware    
East Broadway 0000, X.X.                                    Delaware    
Magnolia Associates, L.P.                                    Florida    
Maitland Associates, Ltd.                                    Florida    
Maitland West Associates Limited Partnership                 Florida    
Mineola UPREIT, LLC                                         Delaware    
Tower Madison GP LLC                                        Delaware    
Tower Mineola, L.P.                                         Delaware    
Tower Orlando GP LLC                                        Delaware    
Tower QRS No. 1 Corp.                                       Delaware    
Tower QRS No. 3 Corp.                                       Delaware    
Tower QRS No. 4 Corp.                                       Delaware    
Tower QRS No. 5 Corp.                                       Delaware    
Tower 45 GP LLC                                             Delaware