A release comes in today about a sale at 222 East 41st Street (Wells Real Estate bought the building, for a price over $300 million, The Real Deal reports).
Perhaps most interestingly, the email accompanying the press release said: "Please see attached release for details of this latest 25-story, Class A+ midtown office building acquisition."
A Class A+ building? The overhyping that runs rampant in residential real estate marketing has — remarkably — stayed away from commercial real estate. Maybe because the target audience isn't a rich room-scent designer or celebrity dietican as much as it is a stuffy law firm or hedge fund.
But, alas, it appears we've finally made it.
How long before we get an eBay-style A++++++++++ building?
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