Related Sells Manhattan Office at Steep Discount to Empire Capital, Namdar bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Empire Capital and Namdar Realty are purchasing the property for less than $50 million, a steep discount from the nearly $153 million it last sold for in 2018.
Unizo Holdings finalized the sale of the last of its three Manhattan office buildings to Related. The $153M deal is a $12M loss for the Japanese investor.