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Mayer Brown advised Allianz Real Estate of America on the purchase of stake in 1515 Broadway in New York in a transaction identified by Real Estate Forum as one of the “Best Deals of 2017,” which recognizes the most significant transactions that closed in 2017.

Mayer Brown represented Allianz Real Estate of America in the purchase of a 43 percent stake in 1515 Broadway, a mixed-use building in New York City located in Times Square, from SL Green Realty Corp. The transaction values the 1.86 million-square-foot tower at $1.95 billion. The Mayer Brown team was led by Real Estate partner Paul Meyer (Chicago) and included other lawyers from the firm’s Real Estate and Tax Transactions & Consulting practices in Chicago and New York.

A publication, Real Estate Forum profiles achievements of both company and individual in the real estate industry in its surveys and nominations.