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Historic Manhattan Bldg. Acquired for $300M

Dubai Investment Firm to Convert 6 Times Square Site Back to Hotel
By Gabrielle Stanton
May 31, 2006 | 2:30 P.M.

Istahamar, a Dubai-based investment firm, purchased the historic 6 Times Square building at 1466 Broadway in Manhattan from Sitt Asset Management for $300 million, or approximately $1,000 per square foot.

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