Media Contact: Sean Healy
Healy Corporate Communications
Phone Number: +1 201-218-2039

January, 26 2021, New York Post

Commercial building sales slumped in 2020, but deals are on the horizon

Commercial building sales slumped in 2020, but deals are on the horizon

By Lois Weiss  |  January 26, 2021


Commercial sales slumped in 2020 as quarantines crushed the global markets. Nevertheless, some savvy firms were able to carve out deals.


The redevelopment of 410 Tenth Ave. was the largest building sale completed in December. SL Green Realty sold the property to 601W Companies for $952.8 million, equal to $1,742 per square foot through Darcy Stacom, chairman of CBRE. Its reconstruction is now under way to accommodate tenants including Amazon and First Republic Bank.


Read The Full Article in the New York Post

© 2022 American Ventures Properties. All rights reserved. Your use of this site signifies that you accept our terms and conditions of use.

This website is for informational purposes only, and should not be relied upon by perspective or actual investors in the fund. The offering of interests in the fund is made solely pursuant to the amended and restated confidential private placement memorandum dated June 30,2020, concerning the fund, as it may be supplemented and amended from time to time (the private placement memorandum). This website is not intended, and should not be relied upon, as a complete statement of terms of the offering. Any potential investor should refer to the private placement memorandum for a complete statement of the terms of the offering, as well as for a description of pertinent risk factors, which should not be considered in connection with any proposed recommendation of investment in the fund. Past performance is no indicator of future performance.