Norway Fund Buys 45% of New York’s 11 Times Square Tower

http://www.bloomberg.com/news/articles/2015-02-11/norway-fund-buys-45-of-new-york-s-11-times-square-tower

Foreign investors are snapping up real estate in New York City, pushing prices to records. Construction of the 1.1 million-square-foot (102,000-square-meter) skyscraper in Times Square began before the property market collapsed in 2008, without any space leased. It landed its first tenant in 2010, when it was one month from completion. It is now about 85 percent occupied by tenants including law firm Proskauer Rose LLP and Microsoft Corp.