NEW YORK CITY-Office building realty market is heating up asmore office towers are put up for sale. CB Ellis Investorspurchased an office space in 1540 Broadway for $355 million inMarch 2009 and is now searching for a purchaser for a 50%stake.
CB Richard Ellis' Bill Shanahan and Darcy Stacom are marketingthe property. Otera Capital had foreclosed 1330 Avenue of theAmericas for $240.1 million in 2009 and is looking for agents tomarket the property. For the full story, go to NY Post.
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
