UPDATE, 1:36 p.m., Dec. 3: L&L Holding Company and Beacon Capital Partners have sold a majority interest in the 29-story office building at 195 Broadway to institutional investors.
The property, located between Fulton and Dey streets, is valued at $500 million. David Levinson, who runs L&L, and his partners picked it up in 2005 for $266 million. Thomson Reuters Markets, Omnicom Group and HarperCollins Publishing are among the tenants at the building, which is fully leased. [more]