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Real Estate Rumors: Korea Post, Metropica, Steelbridge

By Andrew McIntyre (June 1, 2016, 11:27 AM EDT) -- Korea Post is close to reaching a deal to buy 49 percent of an Amazon.com Inc.-occupied property in Midtown Manhattan from Vornado Realty Trust, according to a report on Tuesday from The Real Deal that cited sources with knowledge of the matter. The investment fund is close to buying a stake in 7 West 34th St., a 477,000-square foot tower, Real Deal said. The stake sale would value the property at close to $600 million, according to the report, which cited sources with knowledge of the price. Korea Post is represented by Michael F. Tomlinson and Paul A. Steffens of Troutman Sanders LLP....

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