Aby Rosen is bailing on two deals that were in the works: RFR Realty has abandoned late-stage talks for 900 Third Avenue in Midtown and a retail condo at 1600 Broadway in Times Square, BI first reported.
- Dig Deeper: RFR was set to buy 900 Third Avenue from Albert Behler’s Paramount Group for around $400 million. The 36-story office building spans nearly 600,000 SF. Tenants include: Littler, merchant bank Carl Marks & Co., and Goldman Sachs.
- Worth Noting: The Midtown office property is 80 percent leased; however, one of its largest tenants, the American division of Japanese cosmetics company Shiseido, recently relocated to 226,000 square feet at 390 Madison Avenue.