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February 28, 2018  

Bank of China Eyes Land Under Tower

Bank of China, which bought the leasehold interest in the office building at Seven Bryant Park in Midtown Manhattan when it was completed three years ago, is now in talks to buy the underlying ground.The Chinese bank has previously expressed interest in buying the land, but only recently began formal discussions with the owner, Pacolet Milliken Enterprises of Greenville, S.C. CBRE had worked with Pacolet last year to prepare an offering memo, but...

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