Cyrus and Darius Sakhai’s Sovereign Partners is closing in on another Midtown East office buy. The brothers are in contract to buy the 40-story office building at 575 Fifth Avenue for around $380 million, The Real Deal has learned. That’s around what MetLife paid in 2005, when it snapped up the Class A tower for $385 million. The insurance giant sold a 50 percent stake in the office portion to Beacon Capital Partners in 2015 for an undisclosed price. The deal was struck on the sellers’ second attempt to bring the property to market. The partners put the 40-story building […]

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