Key Takeaways SL Green will buy Park Avenue Tower for $730M, expanding its Park Avenue footprint.The tower's below-market leases offer potential income growth as the market strengthens.SL Green sold a 5% One Vanderbilt stake to Mori, freeing capital while keeping control.SL Green Realty Corp. (SLG) , the leading office REIT in Manhattan, has made two strategic moves recently that signal confidence in its asset base and perhaps its future trajectory.SL Green has agreed to acquire Park Avenue Tower at 65 East ...

NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that it closed on the sale of a 5.0% interest in One Vanderbilt Avenue to Mori Building Co., Ltd, Japan’s leading urban landscape developer. The sale follows Mori’s acquisition of an 11.0% interest in the trophy office tower in November 2024. Both investments were completed at a gross valuation of $4.7 billion. After completion of the transaction, SL Green maintains a 55.0% stak ...