Posted December 8, 200618 yr who the hell would pay this much for an office building? crazy. Selling 666 Fifth, Tishman Speyer Breaks Another Record Thursday, December 7, 2006, by Scott -------------------------------------------------------------------------------- After plopping down $5.4 billion for Stuy Town/Peter Cooper Village, real estate behemoth Tishman Speyer has sold commercial tower 666 Fifth Avenue to the Kushner clan for $1.8 billion. It's the highest price ever paid for an office building in this great country (and three times the price Tishman paid for it just six years ago—not bad). The tower, between 53rd and 54th, is the home of a Brooks Brothers, bankers and law firms, and the uber-exclusive Grand Havana Room—each of which, one assumes, played a crucial role in this deal. · A Tower Goes For $1.8 Billion [NYTimes] · Tower $$$ale on Fifth [NYPost] · Tishman & Co Buy ST/PCV for $5.4 B [Curbed] Reader Comments (5 extant) I wonder why they decided to pay so much for a tower that is only 41 stories high. It's above $1200/sq foot for a commercial building. By Leo at December 7, 2006 10:28 AM2. asinine. By dash3456 at December 7, 2006 10:33 AM3. Yep, if you ask me, anybody who would pay more than $1.75 billion for this tower is a raving lunatic. By Anon at December 7, 2006 10:44 AM4. Id quit if I worked for the Observer today. could the kushners not have called them before the times? By Anonymous at December 7, 2006 10:49 AM5. 666 is a silly bldg, its a bum magnet all along 53rd st and down the subway entrance. Alitalia left. Spanish Consulate will prob leave. Its all law forms who prob will take new downtown space when given a deal. Brooks Brothers OK store the Golf shop AOK NBA Store, ha, a magnet for ghetto trash and tourist trap! Is resident streetbum & comedian CARL ROBINSON getting a cut? how about Limpy, Tom, Slugger, the Wraithe, Airline lady, Super Model, and all the assorted trash that congregate at the bldg. By dont believe da hypeness at December 7, 2006 11:06 AM http://www.curbed.com/archives/2006/12/07/selling_666_fifth_tishman_speyer_breaks_another_record.php
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