July 6, 2021

CalSTRS deal values 1177 Sixth Ave at $860M

Pension fund bought UBS out of Midtown tower, offering optimistic glimpse into office recovery. The part-owner of a 1-million-square-foot Midtown skyscraper has sold its stake at a price that may calm investors anxious over the pandemic’s impact on office prices.

Read more on The Real Deal

RELATED POSTS

  • July 26, 2022

    A&E Real Estate Buys Manhattan Apartments for $415M

    Apartment investor A&E Real Estate has acquired 160 Riverside Blvd., an apartment community on Manhattan’s Upper West Side, for $415 […]

    Read More
  • July 26, 2022

    A Check-in on the Hotel Sector’s ESG Initiatives

    The COVID-19 pandemic accelerated the urgency for companies and individuals to act to protect the wellbeing of the planet, their […]

    Read More
  • July 17, 2022

    Darcy Stacom Central Park From the Air

    You’ve seen Central Park in all its glory with its magnificent greenery, indescribable bodies of water and surrounding real estate. […]

    Read More
0