Tuesday, December 19, 2006
Odd News: Skyscraper sales for $1.8B BingoRater
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Odd News: Skyscraper sales for $1.8B
A New Jersey real estate family, the Kushners, will buy 666 Fifth Ave. from Tishman Speyer Properties for $1.8 billion, beating a $1.72 billion record that Tishman Speyer set in buying the MetLife Building a few streets over.
Occupying a high-profile block in midtown, the tower rubs shoulders with such Fifth Avenue landmarks as Rockefeller Center and St. Patrick's Cathedral.
The family says the office tower will raise their profile in New York City. The company also owns a smaller building downtown, but the bulk of its holdings are in New Jersey, Pennsylvania and Maryland.
Tishman Speyer broke another real estate record last month. It bought a massive Manhattan apartment complex, Stuyvesant Town and Peter Cooper Village, for $5.4 billion, in the biggest real estate deal of any kind in the country.
Odd News: Skyscraper sales for $1.8B
A New Jersey real estate family, the Kushners, will buy 666 Fifth Ave. from Tishman Speyer Properties for $1.8 billion, beating a $1.72 billion record that Tishman Speyer set in buying the MetLife Building a few streets over.
Occupying a high-profile block in midtown, the tower rubs shoulders with such Fifth Avenue landmarks as Rockefeller Center and St. Patrick's Cathedral.
The family says the office tower will raise their profile in New York City. The company also owns a smaller building downtown, but the bulk of its holdings are in New Jersey, Pennsylvania and Maryland.
Tishman Speyer broke another real estate record last month. It bought a massive Manhattan apartment complex, Stuyvesant Town and Peter Cooper Village, for $5.4 billion, in the biggest real estate deal of any kind in the country.
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