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It is another sign that Manhattan's office market is stabilizing.
It joins a growing crowd of investors eager for discounted opportunities.
Results improved significantly from the prior quarter.
The buyer is a London-based private equity real estate manager.
If approved, the tower would be 1,907 feet in height.
The REIT has $4.6 billion in assets largely across medical office, senior housing, and skilled nursing.
Kering appears bent on acquiring prime retail properties around the world.
The partners are already in negotiations to buy $1 billion in office loans from different banks.
It has been widely noted that the department store's real estate is worth far more.
Blackstone will continue with Tricon's plans to build $1 billion of new rental homes.