JPMorgan Asset Management is seeking a buyer for its 49 percent interest in 605 Third Avenue, as Fisher Brothers prepares to bring a new minority investor into the Midtown Manhattan office tower. According to The Real Deal, the offering is targeting a property valuation of approximately $425 million. Fisher Brothers plans to maintain majority ownership and work with the new investor on a strategic repositioning of the property. No buyer or completed transaction has yet been a

The transformation of Midtown Manhattan's commercial core has taken a massive leap forward as Yellowstone Real Estate Investments officially secured a $480 million loan to convert the 27-story office tower at 1740 Broadway into luxury apartments and condominiums. Prominent real estate private equity firm Madison Realty Capital originated the massive construction loan, which will facilitate the creation of a 420-unit residential landmark. Located between West 55th and West 56t