CalPERS, a California pension fund, is negotiating a $1.9 billion contract to pick up a Midtown office tower at 787 Seventh Avenue, one of two properties being shopped by AXA Financial. As The Real Deal reported Thursday, Scott Rechler’s RXR Realty is close to a deal for the other tower, at 1285 Sixth Avenue, for $1.7 billion.

The 51-story, 1.7 billion-square-foot office property at 1285 Sixth Avenue, between West 51st and 52nd streets, is known as the AXA Equitable Center and is almost fully occupied. It was constructed in 1985. (more…)

Source: CalPERS to sign .9B contract for AXA’s 787 Seventh