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Real Estate Rumor Mill: Fiduciary Trust, RedSky, A&B

By Natalie Rodriguez ( January 6, 2015, 2:02 PM EST) -- Fiduciary Trust International and its parent company Franklin Templeton Investments Inc. are said to be in end-stage talks to strike a lease for 126,000 square feet at 280 Park Avenue, which SL Green and Vornado recently poured $150 million into upgrading, according to a report by the New York Post, which cited unnamed sources. The 15-year deal will see both companies relocate from 600 Fifth Avenue and will make 280 Park Avenue the new headquarters for Fiduciary Trust, the New York Post said. . . .

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