Real Estate Weekly Reports building bought

Real Estate Weekly reports that Starwood Capital Group has bought a troubled Class B office building for $72M, located at 1415 Sixth Ave. The reported plans include turning the building into a hotel. The building has 138,000 square feet of empty office space with retail space near 58th street. It was also supposed to be converted into a hotel by the previous owner, Murray Hill Properties.
For the full report, please visit here.

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