Trump administration scrutinizing HNA’s stake in 850 Third Avenue

The U.S. government has questioned Chinese conglomerate HNA Group about its stake in 850 Third Avenue. The Committee on Foreign Investors in the United States, or CFIUS, had concerns about “unique facts and circumstances” regarding the location of the building, Bloomberg reported. HNA said it’s taking steps to address the concerns, the report said. The company didn’t provide details. The move comes after Congress approved expanded authority of CFIUS in August. The expansion gives more […]

Source: Real Estate

Leave a Reply

Your email address will not be published. Required fields are marked *