SL Green Realty to buy NYC office building for $730M, WSJ reports

SL Green Realty (SLG) has agreed to purchase a Midtown Manhattan office building near Park Avenue from Blackstone (BX) for $730M, as part of its bet that New York City will continue to strengthen as the top-performing office market in the U.S., the Wall Street Journal’s Peter Grant reports. SL Green intends to announce the deal on Wednesday when it is anticipated to post its Q3 results as well, the author says, citing people familiar with the matter.