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Twitter has its extended its lease at Columbia Property Trust's Chelsea Office property.
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Crosstree has bought a Chelsea retail scheme at a discount and brought in outside investors.
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The real estate investment trust is selling the Chelsea office building to Spear Street Capital
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The hotel, closed since 2011, is on the third set of owners that have tried to renovate the property.
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The NYC office market is on the rebound, and tenants are demanding a different type of space in a different part of town.
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The joint venture expects to bring the nearly 130-year-old building back to full occupancy.
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The Federal Bureau of Investigation moved into the 268K SF building in 2016.
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