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Real Estate Rumors: LCOR, Michael Smith, Ansca Homes

By Andrew McIntyre (April 24, 2018, 3:29 PM EDT) -- Developer LCOR is eyeing a $395 million sale of its 308-unit condo building on Broad Street in New York, The Real Deal reported on Tuesday. The company, which is majority-owned by the California State Teachers Retirement System, bought 21-story 25 Broad St. in 2012 in a foreclosure auction, The Real Deal said. The building was formerly an office tower and was in the process of being converted to residential use when LCOR bought the property, according to the report....

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