Office buildings in New York City on March 4, 2021. Spencer Platt/Getty Images
In a sign of recovery in the New York City borough of Manhattan, office real estate is once again drawing the interest of investors.
In August, real estate investment firm RXR announced the purchase of a 42-story, Class A skyscraper at 590 Madison Avenue for approximately $1.1 billion, the highest-priced deal since Alphabet paid $2.1 billion to acquire the 550 Washington Street building.
