Spurred by the weak dollar and the strong euro, European travelers to the U.S. have been lapping up everything from Gap boxers to iPhones to luxury condos in Palm Beach. Now a top Italian real estate investor has nabbed a crown piece of New York property, a sale that echoes the Japanese purchase of Rockefeller Center in 1989. Valter Mainetti has confirmed to TIME that his company, the Sorgente Group, has acquired a majority share of Manhattan's historic Flatiron building. ...
An Italian Snags the Flatiron
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- Written by RC_Anderson
Spurred by the weak dollar and the strong euro, European travelers to the U.S. have been lapping up everything from Gap boxers to iPhones to luxury condos in Palm Beach. Now a top Italian real estate investor has nabbed a crown piece of New York property, a sale that echoes the Japanese purchase of Rockefeller Center in 1989. Valter Mainetti has confirmed to TIME that his company, the Sorgente Group, has acquired a majority share of Manhattan's historic Flatiron building. ...
