Madison Avenue Clock Tower owner Africa-Israel Investments (led by scary rich guy Lev Leviev) is selling a 50% interest in the building for $150 million, and that's not the only interesting deal the company struck today. Currently renovating the former New York Times Building into the fancier Times Square Building, Africa-Israel has also sold off a 50% stake in that project, for $50 million. The company paid $525 million for the West 43rd Street Times building in 2007. Tishman Speyer, the previous owner, paid $175 million for it in 2004. [Crain's]
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