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Transactions - DECEMBER 10, 2021

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NYC’s American Copper Buildings to Sell for $850m

by Andrea Zander

Manhattan’s American Copper Buildings, a pair of luxury apartment towers, are being sold for about $850 million in one of New York’s biggest residential deals since the pandemic began, according to Bloomberg, citing people familiar with the matter.

The sellers were JDS Development Group and Baupost Group. The potential new owners are Black Spruce Management.

The deal is expected to close in the first half of 2022

 

 

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