China developer eyes GM building in Manhattan

03/8/2013 | Wall Street Journal, The

Soho China Ltd., a top developer in China, is reportedly in talks to buy a 40% stake in the 1.8 million-square-foot General Motors building in Manhattan. The deal, if it goes through, would be among the largest purchases of a U.S. building by a foreign investor. The sellers are a group of Middle Eastern sovereign-wealth funds. Boston Properties is not selling its 60% stake in the building.

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