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Investment firm with $13 billion in cash to spend acquires two New York office towers

TPG spent $1.53 billion on real estate in second quarter
TPG was reported to be involved in the recapitalization of 225 Park Ave. S. in New York earlier this year. (CoStar)
TPG was reported to be involved in the recapitalization of 225 Park Ave. S. in New York earlier this year. (CoStar)
CoStar News
August 7, 2025 | 8:20 P.M.

Alternative asset manager TPG, with nearly $13 billion in commercial real estate investment cash to spend, has made a major office purchase in New York.

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