Somerset takes Park Avenue tower for $509m

The private equity firm has acquired an office building on New York City’s ritzy Park Avenue for a record breaking per-square-foot purchase price.

PRIVATE REAL ESTATE

Register to unlock this content

• Daily global private real estate news and market intelligence
• Expertly curated insights to keep you ahead of the market
• Faster, data-driven decision-making powered by our AI interface, Ask PEI
• Access to proprietary research and reports
• Selected investor strategy and competitor performance data

Register nowFind out more

DealsNorth America