Ashkenazy acquires tower at 635 Madison Ave.

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Ashkenazy Acquisitions paid West Land just under $70 million for the 44 years left on the ground lease at 635 Madison Avenue, acquiring a 144,000-square-foot tower across from the GM Building. L&L Holdings bought the ground under the building last year for $110 million. Ashkenazy’s partners, Ben Ashkenazy and Michael Alpert, also just bought another building across the street, 650 Madison Avenue, for $680 million. And they own 660 Madison Avenue, where Barneys occupies a nine-story retail condo.