- SL Green (NYSE:SLG) announces the sale of 27.6% of its interest in the One Vanderbilt development to the National Pension Service of Korea, and a 1.4% interest to Hines Interest LP. The two buyers have committed a minimum of $525M to the project.
- One Vanderbilt (at Grand Central Station) will encompass an entire city block, with 1.7M square feet of office space across 58 floors. Construction is expected to be complete around 2020.
- The company last night reported an inline Q4. Shares are flat premarket.