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HNA’s 245 Park Avenue is officially for sale

HNA’s 245 Park Avenue is officially for sale

HNA Group will put $4 billion in U.S. properties on the market, including 245 Park Avenue, the Manhattan office tower it paid $2.2 billion for just last year. The Chinese conglomerate is looking to address its mounting debt by liquidating the holdings, Bloomberg reported. HNA has begun relying on investments from employees to meet its obligations. Other buildings HNA is putting on the block include the Cassa Hotel and 850 Third Avenue in Manhattan and […]


Source: realdeal

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