There’s a funny footnote to developer Stephen Ross’ decision to put his Time Warner Center penthouse on the market this week for $75 million. The Related Companies founder and chairman didn’t pay a dollar for it — at least not in the traditional sense. Sources said the penthouse was a “distribution” from the project’s development team — a partnership between Related and AREA Property Partners, which was founded by the Mack family and Apollo Global […]
source https://therealdeal.com/2019/07/18/a-free-penthouse-for-steve-ross-now-on-the-market-for-75m/
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