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Real Estate Rumors: Anbang, Ponte Gadea, Bauer Family

By Andrew McIntyre (June 27, 2016, 7:52 PM EDT) -- Anbang Insurance Group Co. Ltd. is planning to convert roughly three quarters of the rooms at the Waldorf Astoria in New York to private apartments, according to a report on Sunday from The Wall Street Journal that cited sources with knowledge of the matter. Anbang is planning to remove roughly 1,110 hotel rooms from the 1,413-room hotel and sell the new units as condos, according to the report....

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