"The corporate-office canyon on Manhattan's Sixth Avenue got a boost Friday as developer Scott Rechler announced he has purchased one of its most prominent towers for $1.65 billion and renewed the building’s biggest tenant, UBS Group AG.

The Swiss banking giant took more than 900,000 square feet in 1285 Sixth Ave. through 2032 in one of the city’s biggest office leases of 2016. The deal comes as Sixth Avenue landlords have been competing more intensely with other parts of the city, including Midtown South and the new Hudson Yards development. "

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