NEW YORK CITY-William Macklowe has signed an agreement topurchase 386 Park Ave. South, a 20-story high-rise buildingsituated on the edge of East 27th Street. The real estate mavenagreed to pay between $110 million and $120 million for the260,000-square-foot office building.
Monday Properties and Savanna own the property. Savanna boughtthe majority stake in the building for $44.2 million in 2010. Theproperty is nearly 60% occupied. For the full story, go toCrain's New York Business.
GlobeSt.com News Hub is your link torelevant 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
*May exclude premium content
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.
