China HNA in talks to sell New York building to B&L in likely $452m deal

China HNA in talks to sell New York building to B&L in likely $452m deal

The HNA Group Co. building stands in Beijing, China, on Wednesday, Aug. 9, 2017. Photographer: Qilai Shen/Bloomberg

Debt-ridden Chinese conglomerate HNA Group Co. is in talks to sell Manhattan’s 850 Third Ave. — a building under scrutiny by the U.S. government because of its proximity to Trump Tower — to a New York-based real estate company, according to people with knowledge of the matter.

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