70 West 36th Street Sells for $62.5 Million

In dorky commercial news, SL Green has two announcements.

First, it has sold 70 West 36th Street for $62.5 million. The buyer is not disclosed, but SL Green brags that it will have a $50 million return on the sale. A pair of Cushman & Wakefield dudes, Richard Baxter and Ron Cohen, handled the deal for the REIT.

Second, it has promoted Lawrence Swigger to senior vice president of leasing. Clearly, execs were impressed with the nine-year vet. He ran leasing at buildings like the Graybar building at 420 Lexington.

- John Koblin