GIC closes on 95% stake in 60 Wall in $1.1B deal

Singaporean sovereign wealth fund GIC closed Tuesday on the purchase of a 95 percent stake in the 50-story office tower at 60 Wall Street from Paramount Group and Morgan Stanley, sources told The Real Deal. The deal, which values the Deutsche Bank headquarters at $1.1 billion, marks 2017’s first sale involving a billion-dollar trophy office […]

Paramount, Savanna take stake in Harbor Group’s 55 Broadway

Paramount Group and Savanna took a minority stake in Harbor Group International’s 55 Broadway, in a deal that values the Financial District office building at $215 million, or roughly $600 per square foot, sources told The Real Deal. The investors’ stake is preferred equity as opposed to common equity, which is far more prevalent in […]