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| AFRICA ISRAEL USA CLOSES ON $165M SALE OF CLOCK TOWER BUILDING |
NEW YORK CITY — Africa Israel USA (AFI USA) has closed on the $165 million sale of the 267,000-square-foot Clock Tower Building, a former office building located at 5 Madison Ave. in New York City. Marriott International Inc. purchased the building, and will convert the 41-stor...
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| RICHMOND OFFICE MARKET SEES UPTICK IN LEASING, SALES |
The Richmond, Virginia, office market is gradually recovering from the effects of the recession and an unusual flurry of large-block office vacancy following several major corporate bankruptcies and relocations during 2008 and 2009. In 2011, overall vacancy declined slightly from 10....
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