SL Green Realty to acquire 719 Seventh Avenue for $41.4M SL Green Realty Corp. announced that it has entered into an agreement to acquire 719 Seventh Avenue for $41.1M. The transaction, which is subject to customary closing conditions, is expected to be completed during 2Q14. The property, situated on the southeast corner of 48th Street and Seventh Avenue, features premier visibility looking north from the center of the Times Square bowtie as well as south from 52nd down the Avenue.
SL Green Realty downgraded to Hold on lack of value creation at Stifel As previously reported, Stifel downgraded SL Green Realty to Hold from Buy. The firm said the company's value creation stagnated in the first half of 2015, which will be a drag on valuation.