Key facts
- Greenberg Traurig advised SL Green Realty Corp.
- SL Green sold a 49% joint venture interest in 346 Madison Avenue development.
- The development has a gross valuation of $175 million.
- SL Green will retain a majority stake in the venture.
Global law firm Greenberg Traurig, LLP announced on June 4, 2026, that it advised its longstanding client, SL Green Realty Corp., in connection with the sale of a 49% joint venture interest in the development of 346 Madison Avenue. The transaction established a gross valuation of $175 million for the development. SL Green will retain a majority stake in the joint venture, continuing its involvement in the project. The deal highlights ongoing investment activity in New York City's real estate sector, even amidst broader market considerations.