Jeff Sutton has acquired the Crown Building, 730 Fifth Avenue, for $1.78 billion from General Growth Properties, Commercial Observer reveals. MGM Resorts International board member Jonathan Litt criticized the casino company for overbuilding, Bloomberg reports. Thanks to downtown Brooklyn's resurgence, a movement is growing to make the borough a college town, according to Crain's New York Business. These are among the must reads from around the commercial real estate industry today.
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