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Real Estate Rumors: Vornado, Richman, Hackman

Law360 (June 11, 2019, 6:01 PM EDT) -- Abu Dhabi Investment Authority is buying a minority stake in a Manhattan building from Vornado Realty Trust for roughly $900 million, The Real Deal reported on Tuesday. The deal is for a 25% stake in 330 Madison Ave., and following the purchase, Abu Dhabi Investment Authority will own the entire building, Real Deal said. Tenants at the property include HSBC and Guggenheim Partners, according to the report.

Richman Group Development Corp. has purchased part of a Florida golf course from Cove Club Investors for $12.51 million, the South Florida Business Journal reported on Tuesday. The firm bought a portion of Boca...

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