Sales Beat

Piece of 30 Rock Part of Comcast’s NBCUniversal Deal

30rock_8

In one of the largest real estate deals in recent memory, Comcast will purchase from General Electric the properties used by NBCUniversal at iconic 30 Rockefeller Plaza and CNBC Headquarters as part of its acquisition of GE’s remaining 49 percent equity stake in the media company, it was announced earlier this week.

Though the building is owned by Tishman Speyer, the office and studio space at 30 Rock involved in the deal is owned by GE and is considered a commercial condo. GE will keep space in the building on the 52nd and 53rd floors.

The real estate component of the deal accounts for approximately $1.4 billion of the $16.7 billion transaction and trumps the $1.1 billion sale of the Sony Building to the Chetrit Group last month. Read More

Sales Beat

RXR Completes 450 Lexington Buy

450 Lexington Avenue.

On the heels of purchasing the mezzanine debt on 450 Lexington Avenue, RXR Realty has completed its acquisition of the building from Istithmar World, the Dubai-based investment firm.

The company also initiated a rent reset with the building’s largest tenant—law firm Davis Polk & Wardwell—that will keep the firm in place in its 650,000 square feet there for 15 years. Other tenants there include Warburg Pincus. Read More