INN: Elad Properties of Israel has bought the large office block owned by Citigroup and located along the Hudson River. Elad, controlled by Yitzchak Tshuva, already has purchased the Plaza Hotel in Manhattan.

The latest deal was valued at $142 million. The building on the site was constructed in 1910 and is listed as an historical landmark, meaning that the facade cannot be altered. The building will be renovated for a hotel and residential units.