Oct 5, New York

HSBC agreed to sell its New York headquarters to Israel’s Koor Industries and Property and Building for $330m.  Koor and Property and Building are both subsidiaries of Israeli holding company IDB Holding, which said it would receive $45m in rental income in the first year while operating expenses will total $18.5m.  The bank will remain the main tenant in the 865,000 sq ft New York building for 10 years with an option to extend its lease...more