French billionaire closes on purchase of Thor’s 693 Fifth

French billionaire Marc Ladreit de Lacharrière has closed on the $525 million purchase of Thor Equities’ office-and-retail building at 693 Fifth Avenue in Midtown. The 20-story, 105,000-square-foot property between East 54th and 55th streets sold for nearly four times the price that Joseph Sitt’s Thor paid for it in 2010. Thor acquired it from Japanese […]