As federal regulators scrutinize HNA Group’s ownership stake in 850 Third Avenue, the embattled Chinese company is in talks to sell its position to the Caiola family’s B&L Management Co. at a price that values the 21-story building at $452 million. The deal would cause HNA to realize a loss on its investment, according to Bloomberg, which first reported talks about the deal. No contract has been signed and B&L Management has not made a […]
source https://therealdeal.com/2018/08/16/hna-could-take-a-loss-on-850-third-heres-who-its-negotiating-with/
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