Chinese Investors In Talks For Stake In GM Building

Law360, New York (March 7, 2013, 6:31 PM EST) -- A group of Chinese real estate investors is reportedly in talks to buy a 40 percent stake in Manhattan's General Motors Building that would value the 50-story icon at about $3.4 billion.

The family of Zhang Xin, CEO of office landlord Soho China Ltd., has teamed up with a group of other Chinese investors who already own a stake in the tower to grab the 40 percent interest, The Wall Street Journal reported.

If the deal goes through, it would be one of the biggest buys...
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