Here’s how much money Michael Dell stands to make from JPMorgan air rights deal

  A partnership between Michael Dell’s investment firm and TF Cornerstone will likely make a profit of almost $90 million selling air rights to JPMorgan Chase for its new headquarters. In July 2016, Dell’s MSD Capital and TF Cornerstone bought a 90 percent stake in 1.35 million square feet of air rights tied to Grand Central Terminal. They paid $126 million, or $104 per square foot, the New York Post reported. Investor Andrew Penson owns […]

Source: Real Estate

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