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

Ticketmaster's parent company occupies the entire property

TRD 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
Howard Hughes’ Saul Scherl and a rendering of 250 Water Street (Getty, The Howard Hughes Corporation/SOM)

Howard Hughes to launch review process for $1.4B Seaport tower

Howard Hughes to launch review process for $1.4B Seaport tower
Data on third quarter CRE investments suggests a nationwide improvement, but Manhattan has been slow to recover (iStock)

NY falls behind Dallas, LA in CRE investment as deals surge nationwide

NY falls behind Dallas, LA in CRE investment as deals surge nationwide
237 Park Avenue and Scott Rechler (Photos via Getty; RXR)

What tenants are paying at RXR and Walton Street Capital’s 237 Park Avenue

What tenants are paying at RXR and Walton Street Capital’s 237 Park Avenue
The National Multifamily Housing Council’s monthly payment tracker found that 90.6 percent of those households paid some rent by Oct. 20. (iStock)

Rent collections in market-rate apartments stagnate in October

Rent collections in market-rate apartments stagnate in October
Four New York Plaza (Photo via Hines)

Four New York Plaza office tower hits the market

Four New York Plaza office tower hits the market
Gov. Andrew Cuomo (Getty; iStock)

New York City lifts lockdown for some Covid hot spots

New York City lifts lockdown for some Covid hot spots
518 Broadway (Google Maps)

Four years vacant: Landlord offers dire outlook for Soho building

Four years vacant: Landlord offers dire outlook for Soho building
Sam Chang and TownePlace Suites by Marriott at 324 West 44th Street (Google Maps)

Hotelier Sam Chang’s businesses snagged millions in PPP loans

Hotelier Sam Chang’s businesses snagged millions in PPP loans
arrow_forward_ios

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

Loading...