Office buildings in New York City on March 4, 2021. Spencer Platt/Getty Images
In a sign of recovery in Manhattan, office real estate is once again drawing the interest of investors.
This month, real estate investment firm PXR announced the purchase of a 42-story, Class A skyscraper at 590 Madison Ave. for approximately $1.1 billion, the highest-priced deal since Alphabet paid $2.1 billion to acquire the 550 Washington St. building.
