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New York & Tri-State  + Downtown New York  + Office  | 

IAC Buys Land Under NYC Headquarters for $80M 

IAC, a holding company of consumer products and brands, has completed an $80 million all-cash transaction to acquire the land under its New York City headquarters at 555 West 18th Street. The move unites the building with the ground beneath it.  

“Our building was always more than an office,” said Barry Diller, chairman and senior executive of IAC. “We didn’t want to build another skyscraper, we wanted to excite the imagination, stimulate ideas and collaboration, and do so in an area of the city at the cusp of transformation.” 

The transaction was brokered by Institutional Property Advisors with a team led by Eric Michael Anton and Steven J. Siegel. 


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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.