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