CBRE Investors Closes on 1540 Broadway Stake, Sealing Largest Building Deal of '09

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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