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850 Third Ave. 850 Third Ave./ Google maps

NEW YORK CITY—B&L Management Co. is considering purchasing HNA Group’s interests in 850 Third Ave., as first reported by Bloomberg news. The news organization noted the transaction values the Midtown tower at $452 million and would cause HNA to lose money on the deal. Bloomberg stated no contract had yet been signed and no deposit was yet given, according to a source who remained unidentified because the deal had not yet been made public.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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