Chinese insurer eyes $1.4B valuation for Sixth Ave office tower
One of China’s biggest insurers is looking to sell its interest in a Sixth Avenue office tower as the leasing market is on track for its best year since the turn of the millennium. China Life Insurance Group has put its minority stake in the 1.8 million-square-foot office tower at 1285 Sixth Avenue up for sale, The Real Deal has learned. China Life is eyeing a price that would value the 42-story building at $1.4 billion. It’s the latest big-ticket offering to come to market as Manhattan office leasing recorded nearly 24 million square feet in the first half of […]
This article originally appeared on The Real Deal. Click here to read the full story.
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