By Andrew McIntyre ( November 8, 2017, 7:09 PM EST) -- A venture of Tribeach Holdings and Riu Hotels & Resorts is looking to buy 119,000 square feet of air rights in New York from the Shubert Organization, and may pay more than $400 per square foot, The Real Deal reported on Wednesday, citing sources. The companies are looking to buy space above the Cort Theatre in hopes of adding more than a dozen floors to their hotel development project at nearby 145 W. 47th St., according to the report....
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