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Institutional Investors Jump into the Gucci Building, May Pursue Redevelopment

Institutional Investors Jump into the Gucci Building, May Pursue Redevelopment

Retail real estate firm GGP Inc. has divested some of its holdings at the Gucci Building, selling the office portion of 685 Fifth Ave. in New York City to an internationally-based joint venture team. Private equity firm BLG Capital, a subsidiary of Istanbul-based hospitality investor Bilgili Group, teamed with Deutsche [read more]
Source: CoStar Group, Inc. NewsPublished on 2018-08-06

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