In April, as New York faced the darkest days of the coronavirus outbreak to date, the city’s biggest office landlord decided it needed a $1 billion cash cushion. SL Green Realty’s planned sale of the Daily News Building for $815 million had fallen through weeks prior, and the real estate investment trust sought to recapitalize other assets to shore up its balance sheet for the uncertain times ahead. That’s when an old partner stepped in
source https://therealdeal.com/2020/09/24/korean-wave-pours-into-u-s-commercial-real-estate/
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