Oxford Properties Group provided the financing, which JLL arranged.

That is the highest post-pandemic price per square foot for a full building on Fifth Ave.

They find the opportunity for good deals 'amongst the best we've ever seen."

It could fetch as much as $4.5 billion although the company is willing to sell it in smaller deals, sources say.

The companies have a 20% equity stake in the JV while FDIC owns the rest.

In the past 60 days there has been an increase in activity that has yet to be reflected in the statistics.

The deal is still tentative because Virginia legislature needs to approve the $2 billion funding.

CARGO Therapeutics will be occupying the space next year.