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Amazon buys 424 Fifth Avenue from WeWork

Amazon is acquiring the former Lord & Taylor flagship at 424 Fifth Avenue from WeWork for $1.15 billion, NYPost first reported. The 11-story building spans 660,000 SF, and will serve as the e-commerce giant’s NYC headquarters. Dig Deeper: The deal consists of Amazon paying off $750 million in construction loans taken out for WeWork’s lavish renovation of the space. The remainder consists of more than...

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