A fund managed by Meritz Alternative Investment Management Co., Ltd. acquired 49% stake in The News Building 220 East 42nd Street from SL Green Realty Corp. (NYSE:SLG) for approximately 790 million on July 22, 2021. The consideration value is gross. SL Green retained a 51% interest in the property and will continue to oversee management and leasing of the building. SL Green was advised by Adam Spies and Doug Harmon of Cushman and Wakefield. A fund managed by Meritz Alternative Investment Management Co., Ltd. completed the acquisition of 49% stake in The News Building 220 East 42nd Street from SL Green Realty Corp. (NYSE:SLG) on July 22, 2021.