Scott Rechler’s firm bought a 49 percent stake in Ivanhoe Cambridge’s 1211 Sixth Avenue, Bloomberg reported. The property sports a $1.2 billion valuation. Ivanhoe and its then-partner ...

A big Midtown office owner was forced to slash the value of a Third Avenue tower by half to lure in a partner.

Caisse de dépôt et placement du Québec, a pension fund that manages $330 billion in assets, agreed Wednesday to sell 49% of 1211 Sixth Ave. to RXR Realty at what Bloomberg News said was a $1.2 ...