David Werner Real Estate Investments and 601W Companies closed on an acquisition in Midtown East, raising the question: Is a conversion next? Werner and 601W bought 205 East 42nd Street from the Durst Organization for $165 million, the Commercial Observer reported. New York-based 601W was reported to be in contract to buy the building in September, but Werner’s involvement was not disclosed at the time. The deal breaks down to $310 per square foot. JPMorgan Chase provided a $100 million balance sheet loan to finance the acquisition. A Newmark team including Adam Spies, Doug Harmon and Adam Doneger arranged the […]

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