An undisclosed buyer acquired 10.9% stake in 717 Fifth Avenue retail condominium from SL Green Realty Corp. (NYSE:SLG) and others for approximately $960 million on January 15, 2024. The transaction is expected to generate net proceeds to the Company of $27.6 million, which will be used for corporate debt repayment.

An undisclosed buyer completed the acquisition of 10.9% stake in 717 Fifth Avenue retail condominium from SL Green Realty Corp. (NYSE:SLG) and others on January 15, 2024.