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RE Rumor Mill: Frank Ring, Saks, Principal

By Kaitlin Ugolik (July 14, 2014, 6:06 PM EDT) -- New York real estate mogul Frank Ring has reportedly purchased 80 West End Ave. from Extell Development Co. and Kushner Cos. for $195 million. Ring, who recently divested his stakes in a portfolio of Manhattan properties in sales to Extell totaling $330 million, closed the deal on Thursday, according to the New York Post. Extell and Kushner reportedly bought 80 West End in August for $84 million. The building covers 235,000 square feet, and recently snagged a 30-year, 125,000-square-foot lease with United Cerebral Palsy in December....

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