Amazon pays $1.15b for Manhattan’s 424 Fifth Ave.

Amazon.com Inc. has paid $1.15 billion for 424 Fifth Ave., a 660,000-square-foot office building in Manhattan.   The seller of the asset, known as the Lord & Taylor building, is WeWork Cos., which bought the building in 2017 for $850 million.   The bulk of the purchase price comes in the form of a $750 million construction loan WeWork took out to renovate the massive property, which Amazon will pay down, according to the New York Post. ​