HNA sells majority stake in Manhattan building in $422 million dealStaff Writer | January 9, 2019
HNA Group said it had sold a majority stake in a Manhattan building in a $422 million deal.
Acquisition 850 Third Avenue
The website said the building had been acquired by Jacob Chetrit and his sons, Michael and Simon, citing statements from Michael Chetrit and MHP Real Estate Services.
MHP and another real estate investment firm ATCO Properties & Management sold their minority stakes in the building as part of the deal, the report said.
The report also pegged the deal value at $422 million, citing one unnamed source. ■