Fertilizer Billionaire Buys Buildings His Way, in Cash

(The New York Times) It is rare when a buyer pays all cash for a real estate property, and even rarer when the dollar figure is in excess of $300 million. But that was the case last week when a fertilizer tycoon, Alex Rovt, acquired a majority stake in 14 Wall Street, the 1-million-square-foot office building across from the New York Stock Exchange in Lower Manhattan.

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Alex Rovt, a native of Ukraine, bought 14 Wall Street for $303 million, without a broker. Credit: Hiroko Masuike for The New York Times

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