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Joshua King Joshua King, executive managing director, Cushman & Wakefield’s capital markets team

NEW YORK CITY—Some real estate deals are noteworthy not due to just dollars or players involved but because they serve as an industry weathervane. For example, Cushman & Wakefield was tapped to sell Pfizer’s world headquarters on E. 42nd Street. In a sale leaseback deal, the joint venture of Alexandria Real Estate Equities, David Werner Real Estate, Deutsche Bank and the State of Wisconsin Investment Board purchased the property at 219 E. 42nd St. and 235 E. 42nd St. for $363.5 million. This allowed Pfizer to stay in its locations and time to negotiate into a choice building for its next move.

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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