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724 Fifth Ave. 724 Fifth Ave.

NEW YORK CITY—Jeff Sutton, the founder and president of Wharton Properties, is purchasing SL Green Realty Corp.’s interest in 724 Fifth Ave., paying back SL Green’s investment in 720 Fifth Ave., plus partially repaying another partnership loan. SL Green will receive net proceeds of $85.5 million for these transactions, which are expected to close in the third quarter of 2018.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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