See Article attached at tail end it says:

"By contrast, SL Green Realty Corporation recently agreed to sell a 49.5 percent stake in a 31-story building at 485 Lexington Avenue, between 46th and 47th Streets, to a joint venture involving Optibase, an Israeli video company, and Gilmor, a Nigerian engineering company, for $504.2 million, or $547 a square foot.

The building is not only almost fully leased to well-known companies like Travelers Insurance, but when loans are hard to get, it also has long-term financing at a low interest rate, said Howard L. Michaels, the chairman of the Carlton Group, an investment bank that brought in the overseas investors. “That’s like getting the last helicopter out of Saigon,” he said. “It doesn’t exist anymore.”

Sounds like he likes the deal for OBAS

http://www.nytimes.com/2009/09/16/reales...