$7 billion real estate deal closes in NYC

Multiple office buildings involved

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Macklowe Properties today announced the acquisition of eight class A Manhattan office buildings from Equity Office Properties for $7 billion.  The buildings in this transaction include: 717 Fifth Ave., Worldwide Plaza, 1301 Avenue of the Americas, Park Avenue Tower, 527 Madison Ave., 1540 Broadway, 850 Third Ave. and Tower 56, and comprise approximately 6.5 million square feet. Financing was provided by Deutsche Bank and Fortress Investment Group, according to a press statement. ...