Chinese investors are in talks to acquire a 40% holding in the General Motors Building in...

|By:, SA News Editor

Chinese investors are in talks to acquire a 40% holding in the General Motors Building in Manhattan in a deal that would value the 50-story skyscraper at $3.4B, including debt, making it the most valuable tower in the U.S. The investors, who are led by the family of Soho China CEO Zhang Xin, would acquire the holding from a Goldman Sachs (GS) fund that represents Persian Gulf interests. The owner of the other 60% is Boston Properties (BXP).