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Behind 60 Wall’s blockbuster sale

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After Deutsche Bank agreed to sell 60 Wall Street to Paramount Group for $1.18 billion–setting a record for the priciest Lower Manhattan building sale ever–“champagne was passed around and toasts were made inside Paramount’s headquarters.” Paramount’s buy is yet another sign of Lower Manhattan’s resurgence, according to those involved in the deal. “It’s a very attractive asset,” said Albert Behler, Paramount’s CEO. “We believe in downtown, especially in the long term.” more [NYO]

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