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Real Estate Rumors: Akelius, Sterling Bay, Sabal

Law360 (February 27, 2018, 9:39 PM EST) -- Akelius Real Estate Management recently bought a six-story rental building on Fifth Avenue in New York for $44.1 million, The Real Deal reported on Tuesday. Real estate investment trust SL Green Realty Corp. said last month the company and Stonehenge Partners had a reached a deal to sell the 54-unit building at 1274 Fifth Ave., but did not name the buyer, Real Deal said. The building has 56,700 square feet and has a mix of rent-stabilized and free-market units, according to the report.

Developer Sterling Bay has...
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