New York office tower sells for record €1.4bn

A Fifth Avenue skyscraper in New York is shredding previous prices for a single office building anywhere in the US.

A New Jersey real-estate family confirmed a deal to buy 666 Fifth Avenue from Tishman Speyer Properties. Published reports said the $1.8bn (€1.4bn) price beats a $1.72bn (€1.3bn) record that Tishman Speyer itself set in buying the MetLife Building elsewhere in Manhattan.