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Investing.com -- Blackstone (NYSE:BX) Inc., the world’s largest real estate investor, is close to reaching an agreement to acquire a Midtown Manhattan tower, marking its return to New York office dealmaking. According to a Bloomberg report on Thursday, Blackstone is currently in negotiations to purchase 1345 Avenue of the Americas, a 50-story skyscraper covering 1.9 million square feet.
Bloomberg sources suggest that Blackstone is optimistic about the future of New York’s office market, which has faced significant challenges. They believe the worst is over and expect rents for premium space to increase. The finalization of this deal would serve as a significant indicator of Blackstone’s confidence in the recovery of the New York office market.
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