NEW YORK CITY-TIAA-CREF has come out as the foremost contender to purchase 475 Fifth Ave., a 275,000-square-foot building located on the other side of the New York Public Library, from Barclays Capital Real Estate. A deal for the building is not yet signed and the specific price is not known, but sources said that the property could fetch between $100 million and $140 million.
Barclays purchased 475 Fifth Ave. in 2009 from the Moinian Group and Westbrook Partners. For the full story, go to Crain's New York Business .
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