Ivanhoé Buys 51% Interest in NYC’s 1211 Avenue of the Americas

Source:  CPE

  Ivanhoe Cambridge, the real estate arm of one of Canada’s largest pension funds, continues to expand its U.S. office holdings with the acquisition of the majority stake in 1211 Avenue of the Americas in Manhattan for $850 million. The firm purchased the 51 percent managing member interest from an affiliate of Beacon Capital Partners, which had owned the 45-story Class A trophy asset located on “Corporate Row” near Rockefeller Center between 47th and 48th ...

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