Blackstone nears major deal for NYC office tower in latest sign of post-COVID real estate comeback

1. Blackstone is pursuing major office acquisitions in Manhattan. 2. 1345 Sixth Avenue purchase highlights confidence in Manhattan's recovery. 3. Manhattan's office leasing demand has surpassed pre-pandemic levels. 4. Vacancy in A-plus-class buildings is under 10%; demand is rising. 5. 1345 Sixth has 765,000 sq ft leased to law firm Paul Weiss.