Chinese, Brazilian Investors Take $1.4B Stake In GM Building

Law360, New York (June 3, 2013, 3:50 PM EDT) -- Two prominent foreign investors have picked up a 40 percent stake in the General Motors Building in midtown Manhattan for $1.4 billion, a source familiar with the deal told Law360 Monday.

The family of Zhang Xin, CEO of office landlord Soho China Ltd., teamed up with Brazil's Safra family and their M. Safra and Co. Inc. investment company to take the interest in the iconic 50-story building, which is valued at about $3.4 billion.

The deal, which closed on Friday, is the largest New York real...
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