To start the year, Marc Holliday’s SL Green is straddling two very different realities in Manhattan’s office market. The contrast is hard to miss. On one side is 100 Park Avenue, where the real estate investment trust looks firmly in control. Selling a minority stake in the building to Rockpoint at a $425 million valuation gave SL Green a clean, early win as it kicks off a planned $2.5 billion selloff. The move came just weeks after the firm bought out Prudential’s 49 percent stake at a $360 million valuation, put in fresh equity and quickly turned around and sold […]
This article originally appeared on The Real Deal. Click here to read the full story.