SL Green Drops $386M On Manhattan Mixed-Use Property

Law360, New York (August 14, 2013, 3:50 PM EDT) -- SL Green Realty Corp. has agreed to buy The Olivia, a mixed-use residential and commercial building on Manhattan's West Side, for $386 million, the real estate investment trust announced Wednesday.

The deal includes the 36-story, 492,987-square-foot building in addition to an adjacent lot. The property contains 333 luxury rental apartments and 270,000 square feet of commercial space, 100 percent leased at below-market rents, according to SL Green.

The building also houses a 14-screen movie theater, five retail stores, two office suites and a 250-space parking garage....
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