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RE Rumor Mill: Swig Co., Eliot Spitzer, Mitchell's NY

By Kaitlin Ugolik (August 12, 2014, 1:44 PM EDT) -- San Francisco-based Swig Co., which reportedly has no connection to New York-based Swig Equities, is buying out The Blackstone Group LP from a joint venture at 1460 Broadway in Times Square, according to The New York Post. Swig reportedly plans to acquire Blackstone's 49 percent stake in the project in a deal that will close in September, after which it will conduct a significant renovation of the office building. The repositioning of the building from Class B to Class A office space will be made possible thanks in part to the departure of its main tenant Skadden Arps Slate Meagher & Flom LLP, which is moving out of its 215,000-square-foot space there next year....

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