Somerset Partners
Japanese Firm Taking Macklowe's Old 527 Madison
CoStar.
527 Madison Avenue.
A Japanese investment firm called Mitsui Fudosan is under contract to buy 527 Madison Avenue for $160 million, according to a source familiar with the deal, shattering rumors that a Chicago-based firm was the main contendor for the building.
Mitsui Fudosan is buying the 26-story 527 Madison for $225 million. Meanwhile, the Chicago-based Transwestern is under contract to take Tower 56 at 126 East 56th Street at for $160 million.
Both buildings were part of the so-called Equity Office Portfolio, which Macklowe Properties bought in early 2007 for a stunning $7 billion, putting down just $50 million and leveraging the GM Building. read more »
Batali's On Boil With Landlord Of Restaurant
The chef Mario Batali was seated before a small table covered in white linen, speaking face-forward read more »
Batali’s On Boil With Landlord Of Restaurant
Courtesy of Del Posto
Del Posto.
The chef Mario Batali was seated before a small table covered in white linen, speaking face-forward read more »
