HNA could take a loss on 850 Third. Here’s who it’s negotiating with

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 […]

Read Full Article >> https://therealdeal.com/2018/08/16/hna-could-take-a-loss-on-850-third-heres-who-its-negotiating-with/

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