GGP : Second time's the charm: Michael Shvo is buying 685 Fifth Avenue. Again.

It took about three years longer than expected, but Michael Shvo has purchased the office portion of 685 Fifth Avenue from General Growth Partners, according to sources familiar with the deal. Shvo has partnered with the Wings Group, BLG Capital and Deutsche Finance America to purchase floors five through 20 of the building for $135 million-the same price Shvo had planned to purchase the building for in 2015. The partners purchased the building in an [...]