Invesco to purchase Live Nation building for $150M-plus

Ticketmaster's parent company occupies the entire property

New York /
Apr.April 13, 2018 06:20 PM

Renderings of 430 West 15th Street (Credit: Neoscape)

Invesco is in contract to buy the leasehold on the Live Nation building at 430 West 15th Street from the TH Real Estate and Annuity Association for more than the asking price of $150 million.

TH Real Estate, TIAA’s real estate arm, had acquired the building in 2016 for $135 million from Atlas Capital Group, according to the Commercial Observer. However, the company now appears to be getting rid of its assets, as it recently put its Midtown headquarters at 730 Third Avenue on the market as well.

Live Nation subleases all eight stories of the 100,000-square-foot building from Palantir Technologies.

Will Silverman of Hodges Ward Elliott and Adam Spies, Doug Harmon and Kevin Donner of Cushman & Wakefield represented the seller. [CO] – Eddie Small


Related Articles

arrow_forward_ios
Multifamily sector beating the odds

Multifamily sector beating the odds

Multifamily sector beating the odds
The home improvement retailer will stay in it's Flatiron location (Google Maps)

Home Depot extends lease for Flatiron store

Home Depot extends lease for Flatiron store
Hewlett Packard Enterprise Co. CEO Antonio Neri (Unsplash; Hewlett Packard Enterprise)

Hewlett Packard Enterprise leaves Silicon Valley for Texas

Hewlett Packard Enterprise leaves Silicon Valley for Texas
Convention centers are a losing proposition for private developers, but local governments see them as a way to attract business tourism. (iStock)

Convention centers boom despite shows going virtual

Convention centers boom despite shows going virtual
Charlie Kushner and Laurent Morali with Commons at White Marsh Apartments in Maryland (Photos via Sasha Maslov and CommonsatWhiteMarsh)

Kushner looks to unload multifamily properties for $800M

Kushner looks to unload multifamily properties for $800M
Having learned from missed opportunities a decade ago, family offices are strategically looking for distress opportunities in real estate (iStock)

Family offices are gearing up to pounce on distressed real estate

Family offices are gearing up to pounce on distressed real estate
Slate Property's CEO Martin Nussbaum (West End 87)

Scale Lending originates $38M inventory loan for unsold UWS condos

Scale Lending originates $38M inventory loan for unsold UWS condos
Knotel CEO Amol Sarva (Sasha Maslov, Knotel, iStock)

Evictions, unpaid vendors and back rent: Lawsuits mounting against Knotel

Evictions, unpaid vendors and back rent: Lawsuits mounting against Knotel
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...