In the 18 months leading up to the coronavirus crisis, developer Michael Shvo and his partners were among the most aggressive investors in the market, acquiring $3.5 billion in real estate across the U.S., including Chicago’s “Big Red” office tower and San Francisco’s Transamerica Building. In New York, the group’s big-ticket buys included a pair of mixed-use office buildings: the Coca Cola building at 711 Fifth Avenue, and Jeff Sutton and Joe Sitt’s 530 Broadway.
source https://therealdeal.com/2020/06/19/trd-insights-heres-what-tenants-are-paying-at-michael-shvos-latest-office-acquisitions/
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