Related Nets $57M In One Madison Penthouse Sale

Law360, New York (February 21, 2014, 5:45 PM EST) -- The Related Cos. LLP has sold the top four floors of its One Madison condominium tower in Manhattan for $57.25 million, the developer announced Thursday.

The space covers 10,160 square feet and includes a triplex penthouse, and the deal means that the 60-story tower, which is still under construction, is now more than 75 percent sold, according to Related.

The developer did not disclose the name of the buyer, but several New York newspapers pointed to Rupert Murdoch, who recently transferred ownership of a triplex penthouse...
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