IT’S NOT THE EMPIRE STATE BUILDING, but the 666 Fifth Ave. office tower in New York still is prime real estate in Manhattan, and Schiff Hardin partner Alexander W. Suto provided legal advice in the recent sale of the building.
Kushner Cos., of Florham Park, N.J., last month acquired 666 Fifth Ave. for $1.8 billion from Tishman Speyer Properties and a group of German investors. The sale was New York City’s biggest real estate deal of 2006, both in dollars and on a per-square-foot basis, according to Bloomberg News. The deal put the building’s value at about $1,200 per square foot.
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