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RE Rumor Mill: Mobil Building, SL Green, CT's Gold Coast

By Kaitlin Ugolik (April 17, 2014, 7:53 PM EDT) -- New York investor David Werner has reportedly been selected to purchase the Mobil building on East 42nd Street in Manhattan from an affiliate of a Japanese company for $900 million. The Wall Street Journal reported that Werner managed to beat out a group of institutional investors to acquire the property from Hiro Real Estate LLC and Goldman Sachs Group, which holds the property's debt. The building covers 1.8 million square feet and is home to Wells Fargo & Co.'s New York headquarters. Eastdil Secured LLC began marketing the property last month, and a broker told the Journal that the deal caught the eye of sovereign wealth funds, pension funds and real estate investment trusts....

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