Private equity firm TPG and its partners are making moves to buy two downtown New York office buildings at heavy discounts to what their sellers had paid and plan to convert the properties to residential use as the area’s office demand rebound trails midtown Manhattan neighborhoods.
Private Equity Firm TPG, Partners Move To Buy Lower Manhattan Office Buildings at Big Discounts
Deals Come As Neighborhood’s Office Recovery Trails That of Midtown Markets
By Andria Cheng
CoStar News
June 6, 2024 | 11:00 P.M.
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IN THIS ARTICLE
- Companies
- TPG Global, LLC
Finance and Insurance
- Columbia Property Trust, Inc.
Real Estate