- Philippines challenges China over South China Sea at ASEAN meet
- Mets advance on Lindor blast, Dodgers stay alive in MLB playoffs
- Injury-ravaged Krygios aiming to return at Australian Open
- Greek international Baldock, dead at 31: family
- EU talks deportation hubs to stem migration
- Deaths and repression sideline Suu Kyi's party ahead of Myanmar vote
- S. Africa offers a lesson on how not to shut down a coal plant
- China opens $71 bn 'swap facility' to boost markets
- Mets advance on Lindor grand slam, Yankees and Tigers win
- Taiwan President Lai vows to 'resist annexation' of island
- China's solar goes from supremacy to oversupply
- Asian markets track Wall St record as Hong Kong, Shanghai stabilise
- 'Denying my potential': women at Japan's top university call out gender imbalance
- China's central bank says opens up $70.6 bn in liquidity to boost market
- Zelensky on whirlwind tour of Europe ahead of US vote
- Youth facing unprecedented wave of violence, UN envoy warns
- 'A casino in every kitchen': Brazil's online gambling craze
- Nobel chemistry winner sees engineered proteins solving tough problems
- Lindor powers Mets past Phillies into NL Championship Series
- Wildlife populations plunge 73% since 1970: WWF
- 'Sleeper agent' bots on X fuel US election misinformation, study says
- Death toll rises to 109 after Haiti gang attack, official says
- Tigers beat Guardians and on brink of advancing in MLB playoffs
- Argentina MPs back Milei's veto of university funding
- Man City sink Barca in Women's Champions League as Bayern outgun Arsenal
- Greek international Baldock, 31, found dead in pool: state agency
- Florida seaside haven a ghost town as hurricane nears
- Pharrell Williams to co-chair Met Gala exploring Black dandyism
- Wall Street indices hit fresh records as Chinese shares tumble
- Taiwan's president to deliver key speech for National Day
- Sea row on the menu as ASEAN leaders meet China's Li
- Injured Kane won't start England's Nations League clash with Greece
- Discord seen as online home for renegades
- US forecasts severe solar storm starting Thursday
- Mozambique starts tallying votes in tense election
- Zelensky moves to court European leaders in drive for military aid
- Ratan Tata: Indian mogul who built a global powerhouse
- Rodgers rejects 'false' suggestions of role in Saleh dismissal
- One dead as storm Kirk tears through Spain, Portugal, France
- Indian business titan Ratan Tata dead at 86
- Lebanon facing 'catastrophic' situation as 600,000 displaced: UN
- US warns Israel not to repeat Gaza destruction in Lebanon
- Musk's X returns in Brazil after 40-day showdown with judge
- Call her savvy? Harris unleashes unconventional media blitz
- Lucian Freud 'masterpiece' fetches £13.9 million at London sale
- SoFi Stadium to hold next two CONCACAF Nations League finals
- McIlroy and DeChambeau set for PGA-LIV 'Showdown' in Vegas
- Fed minutes highlight divisions over rate cut decision
- Steve McQueen debuts new WWII film at London festival
- Run blitz edges India and South Africa closer to World Cup semi-finals
New York's landmark 'Flatiron' sold -- hopefully for real this time
New York's iconic Flatiron Building was auctioned off Tuesday for $161 million to a group of investors led by real estate developer Jeffrey Gural, after the previous bidding's winner failed to complete the transaction, organizers said.
The sale of the world-famous skyscraper took place outdoors in lower Manhattan with seven bidders registered and about a hundred people present, Mannion Auctions told AFP.
The property -- on a wedge-shaped lot at the intersections of Fifth Avenue, Broadway and 22nd Street -- went to Gural, 80, one of its five current owners, who was the second highest bidder during the highly contested previous auction.
On March 22, little-known bidder Jacob Garlick, founder of the Abraham Trust equity venture fund, obtained rights to the Flatiron with a pricey offer of $190 million but missed a deadline to pony up 10 percent of the money to lock in purchase.
The 121-year-old property -- one of the first skyscrapers in Manhattan, designed by renowned Chicago architect Daniel Burnham -- has been empty since its last tenant left in 2019. Its five owners could not agree on what to do with the building, and a judge ordered its auction.
After Garlick pulled out of the deal, the building could have automatically gone to Gural, who had offered $189.5 million in March, but he opted for a new auction to be held.
The 22-story triangular edifice completed in 1902 was revolutionary for its time, built on a steel skeleton and clad in limestone and terra cotta with touches of both beaux arts and Renaissance revival architecture.
A.Malone--AMWN