Troubled Chinese conglomerate HNA Group is selling off another $11 billion in assets in its latest move to steady the ship. Included is New York’s 850 Third Avenue, though most of the 80 total are in China, according to Reuters. HNA bought the office building in 2016 for $463 million and secured a $342 million refinancing loan for it in June. The buildings for sale were listed in two documents sent to prospective investors in […]
source https://therealdeal.com/2018/10/09/hna-group-looks-to-unload-11b-in-assets-amid-continued-selloff/
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