The largest building transaction of the year in New York City has closed!
CB Richard Ellis Investors officially bought a majority condo interest in 1540 Broadway today, according to a release just issued by the investment fund's media department.
The Observer on Wednesday reported that the deal involving the 44-story, Times Square property was likely to close Thursday. Sources continue to put the price at about $355 million. CBREI's spokeswoman declined to confirm the price, citing...
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