Real Estate Rumors: Gemdale, Stellar, Oak Tree Capital

By Andrew McIntyre (August 17, 2016, 5:46 PM EDT) -- Gemdale Properties and Investment Corp. Ltd. has bought a stake in a New York condo tower for $69.9 million, The Real Deal reported on Wednesday, citing public records. The Chinese developer has bought a stake in Madison Equities Inc.'s 45 Broad  St., which is slated to rise to 1,100 feet and include 206 condos, according to the report....

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