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 .
GlobeSt.com News Hub is your link to relevant 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
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.
