SL Green Under Contract to Sell SoHo Offices for $226M
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
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On the RET wire
- 15 stories mentioning SL Green on the wire in the past 90 days. SL Green coverage →
Computed from Real Estate Trail’s own tracked coverage
SL Green Realty Corp. has entered into an agreement to sell 110 Greene St. in SoHo to Natora Group for $226.0 million. Gary Phillips, Will Silverman and Carly Shoulberg of Eastdil Secured advised SL Green on the sale…
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