Media Highlights Olshan Client in “Crown Jewel” Acquisition
The New York Law Journal Marketplace and The Real Deal published a story about 212 Fifth Avenue, called the "Crown Jewel" of the old Ring office building portfolio located in Midtown South New York City. The building was purchased by a joint venture of Madison Equities, Building and Land Technology (BLT) and Thor Equities from Extell Development in a deal valued at approximately $260 million. The 24-story, 220,000-square-foot office building is being converted into a residential project with 48 units and will include more than 3,800 square feet of commercial space on the ground floor. Olshan Real Estate partner Thomas Kearns represented the venture on the acquisition and construction loan.