NEW YORK CITY-Rockrose Development Corp. is in talks to purchase an office tower located at 575 Lexington Avenue for $370 million or $500 per square foot, according to a person familiar with the matter. The California State Teachers' Retirement System and Larry Silverstein are the owners of the 35-story building, which has a debt of $257.1 million. They purchased the property in 2006 for $416 million.
The person said that the deal is expected to be signed within 60 to 90 days. 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.
© 2025 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.
