TH Real Estate is seeking to sell its 49 percent stake in 8 Spruce Street, a Frank Gehry-designed luxury rental tower once valued at $1 billion. The company, which is an affiliate of asset manager TIAA, tapped CBRE to market the 898-unit tower, which rises 800 feet above Lower Manhattan brokerage sources confirmed. The pension fund-backed firm bought into the building in 2012, reportedly paying Forest City Ratner (now Forest City New York) $250 million. […]
source https://therealdeal.com/2018/05/24/tiaa-arm-shopping-stake-in-gehry-designed-8-spruce/
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