NEW YORK CITY-The Fishers, one of the storied real-propertyfamilies in New York, has sold a 49% interest in Park Avenue Plaza,a Midtown office building, to Rockpoint Group LLC, a firm that alsopossesses a 49% stake in another office tower managed by thefamily, for a total amount of $330 million.
The transaction corresponds to the family's strategic plan oftrading minority stakes in their properties. Fisher Brothers isabout to assume control over two distressed projects. Forthe full story, go to Wall Street Journal.
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